Cactus (NYSE:WHD) Given Hold Rating at Benchmark

Benchmark reissued their hold rating on shares of Cactus (NYSE:WHD) in a report issued on Monday morning, Benzinga reports.

Separately, Bank of America increased their price target on Cactus from $40.00 to $43.00 and gave the company an underperform rating in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Cactus has an average rating of Hold and a consensus target price of $55.14.

Cactus Trading Up 2.1 %

NYSE WHD opened at $51.69 on Monday. Cactus has a 52 week low of $31.36 and a 52 week high of $57.00. The company has a 50 day moving average price of $49.33 and a 200 day moving average price of $45.55. The company has a quick ratio of 2.17, a current ratio of 3.24 and a debt-to-equity ratio of 0.01. The firm has a market cap of $4.10 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 9.11 and a beta of 1.95.

Cactus (NYSE:WHD) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.08. The business had revenue of $274.12 million for the quarter, compared to the consensus estimate of $270.70 million. Cactus had a return on equity of 22.46% and a net margin of 14.46%. The business’s quarterly revenue was up 20.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 earnings per share. As a group, sell-side analysts forecast that Cactus will post 2.87 EPS for the current fiscal year.

Cactus Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Tuesday, May 28th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Friday, May 24th. Cactus’s dividend payout ratio is presently 19.12%.

Insider Buying and Selling

In related news, EVP William D. Marsh sold 1,700 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $46.20, for a total transaction of $78,540.00. Following the completion of the transaction, the executive vice president now owns 3,911 shares of the company’s stock, valued at $180,688.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Scott Bender sold 78,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $45.79, for a total transaction of $3,571,620.00. Following the sale, the chief executive officer now directly owns 20 shares of the company’s stock, valued at $915.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William D. Marsh sold 1,700 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $46.20, for a total transaction of $78,540.00. Following the sale, the executive vice president now directly owns 3,911 shares in the company, valued at $180,688.20. The disclosure for this sale can be found here. Corporate insiders own 16.84% of the company’s stock.

Hedge Funds Weigh In On Cactus

A number of large investors have recently bought and sold shares of the business. Principal Securities Inc. purchased a new position in Cactus during the fourth quarter valued at $30,000. GAMMA Investing LLC purchased a new position in Cactus in the 4th quarter valued at about $33,000. NBC Securities Inc. acquired a new stake in Cactus in the 3rd quarter worth about $36,000. Signaturefd LLC increased its stake in Cactus by 164.5% during the 3rd quarter. Signaturefd LLC now owns 857 shares of the company’s stock worth $43,000 after buying an additional 533 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of Cactus during the third quarter valued at approximately $70,000. Institutional investors and hedge funds own 85.11% of the company’s stock.

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.