Cactus, Inc. (NYSE:WHD) Receives Consensus Rating of “Hold” from Analysts

Shares of Cactus, Inc. (NYSE:WHD) have received a consensus rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $55.29.

A number of equities research analysts have recently commented on WHD shares. Benchmark cut Cactus from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Bank of America raised their target price on Cactus from $40.00 to $43.00 and gave the company an “underperform” rating in a research report on Monday, April 15th. Finally, Stifel Nicolaus dropped their target price on Cactus from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, January 3rd.

Cactus Stock Performance

NYSE WHD opened at $51.82 on Friday. The stock has a 50-day simple moving average of $48.59 and a two-hundred day simple moving average of $45.59. The firm has a market capitalization of $4.11 billion, a P/E ratio of 20.32, a PEG ratio of 9.41 and a beta of 1.96. Cactus has a fifty-two week low of $31.36 and a fifty-two week high of $57.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.00 and a current ratio of 3.17.

Cactus (NYSE:WHD) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13. The business had revenue of $274.87 million during the quarter, compared to analyst estimates of $268.56 million. Cactus had a return on equity of 22.69% and a net margin of 15.42%. The company’s revenue was up 46.4% on a year-over-year basis. During the same quarter last year, the business posted $0.57 EPS. On average, equities analysts forecast that Cactus will post 2.87 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Scott Bender sold 78,000 shares of Cactus stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $45.79, for a total value of $3,571,620.00. Following the sale, the chief executive officer now directly owns 20 shares in the company, valued at approximately $915.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Scott Bender sold 78,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $45.79, for a total transaction of $3,571,620.00. Following the transaction, the chief executive officer now directly owns 20 shares in the company, valued at approximately $915.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP William D. Marsh sold 1,700 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $46.20, for a total value of $78,540.00. Following the transaction, the executive vice president now owns 3,911 shares in the company, valued at $180,688.20. The disclosure for this sale can be found here. 17.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WHD. Principal Securities Inc. purchased a new stake in shares of Cactus during the 4th quarter valued at approximately $30,000. NBC Securities Inc. purchased a new stake in shares of Cactus during the 3rd quarter valued at approximately $36,000. GAMMA Investing LLC purchased a new stake in shares of Cactus during the 4th quarter valued at approximately $33,000. Signaturefd LLC raised its position in shares of Cactus by 164.5% during the 3rd quarter. Signaturefd LLC now owns 857 shares of the company’s stock valued at $43,000 after buying an additional 533 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Cactus during the 3rd quarter valued at approximately $70,000. 85.11% of the stock is currently owned by institutional investors and hedge funds.

About Cactus

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.