Cactus, Inc. (NYSE:WHD) Receives $56.40 Consensus Target Price from Brokerages

Cactus, Inc. (NYSE:WHD) has received an average recommendation of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $56.40.

WHD has been the subject of a number of recent analyst reports. Barclays downgraded Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 target price for the company. in a report on Monday, November 4th. Stifel Nicolaus reduced their price objective on shares of Cactus from $69.00 to $67.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Finally, Bank of America upped their target price on shares of Cactus from $44.00 to $48.00 and gave the stock an “underperform” rating in a research report on Monday, October 14th.

Cactus Trading Down 1.4 %

Shares of Cactus stock opened at $62.88 on Monday. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 22.30, a price-to-earnings-growth ratio of 5.47 and a beta of 1.98. Cactus has a 52-week low of $38.79 and a 52-week high of $70.01. The company’s 50-day simple moving average is $62.67 and its 200-day simple moving average is $60.80.

Cactus (NYSE:WHD) last issued its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.04. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The business had revenue of $293.18 million during the quarter, compared to the consensus estimate of $287.47 million. During the same period in the prior year, the business posted $0.80 EPS. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, equities research analysts anticipate that Cactus will post 3.08 earnings per share for the current year.

Cactus Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be paid a $0.13 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.52 dividend on an annualized basis and a yield of 0.83%. Cactus’s payout ratio is 18.44%.

Insider Buying and Selling at Cactus

In related news, COO Steven Bender sold 100,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $65.35, for a total transaction of $6,535,000.00. Following the sale, the chief operating officer now owns 57,567 shares of the company’s stock, valued at $3,762,003.45. This trade represents a 63.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen Tadlock sold 33,500 shares of Cactus stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $61.35, for a total value of $2,055,225.00. Following the sale, the chief executive officer now owns 36,357 shares of the company’s stock, valued at approximately $2,230,501.95. This represents a 47.96 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 138,500 shares of company stock worth $8,916,325. 16.84% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Cactus

Several institutional investors and hedge funds have recently modified their holdings of the company. KBC Group NV lifted its holdings in shares of Cactus by 54.2% during the 4th quarter. KBC Group NV now owns 3,013 shares of the company’s stock worth $176,000 after acquiring an additional 1,059 shares during the period. Andina Capital Management LLC raised its stake in Cactus by 25.1% during the fourth quarter. Andina Capital Management LLC now owns 15,445 shares of the company’s stock worth $901,000 after purchasing an additional 3,097 shares during the period. Barlow Wealth Partners Inc. boosted its holdings in shares of Cactus by 4.6% in the 4th quarter. Barlow Wealth Partners Inc. now owns 270,435 shares of the company’s stock valued at $17,083,000 after purchasing an additional 11,968 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Cactus by 7.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,369 shares of the company’s stock valued at $197,000 after buying an additional 221 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Cactus by 36.6% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 363,951 shares of the company’s stock worth $21,240,000 after buying an additional 97,570 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Cactus Company Profile

Cactus, Inc, together with its subsidiaries, designs, manufactures, sells, and leases pressure control and spoolable pipes in the United States, Australia, Canada, the Middle East, and internationally. It operates through two segments, Pressure Control and Spoolable Technologies. The Pressure Control segment designs, manufactures, sells, and rents a range of wellhead and pressure control equipment under the Cactus Wellhead brand name through service centers.