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

Cactus, Inc. (NYSE:WHD) has received a consensus recommendation of “Hold” from the eight brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $55.14.

WHD has been the topic of a number of recent research reports. Johnson Rice cut shares of Cactus from a “buy” rating to an “accumulate” rating in a research report on Friday, May 31st. Barclays boosted their price objective on shares of Cactus from $55.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. 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 note on Monday, April 15th. Finally, Benchmark reiterated a “hold” rating on shares of Cactus in a research note on Monday, May 6th.

Cactus Trading Down 5.7 %

Shares of WHD opened at $49.86 on Friday. Cactus has a 12 month low of $37.58 and a 12 month high of $57.00. The stock’s 50-day moving average is $50.81 and its two-hundred day moving average is $46.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.24 and a quick ratio of 2.17. The stock has a market cap of $3.97 billion, a PE ratio of 19.86, a P/E/G ratio of 1.66 and a beta of 1.94.

Cactus (NYSE:WHD) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.67 by $0.08. The firm had revenue of $274.12 million for the quarter, compared to analyst estimates of $270.70 million. Cactus had a return on equity of 22.46% and a net margin of 14.46%. Cactus’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 EPS. Equities analysts forecast that Cactus will post 2.94 earnings per share for the current fiscal year.

Cactus Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Tuesday, May 28th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, May 28th. This represents a $0.48 annualized dividend and a dividend yield of 0.96%. Cactus’s payout ratio is 19.12%.

Insider Buying and Selling

In other Cactus news, EVP William D. Marsh sold 2,059 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $51.03, for a total transaction of $105,070.77. Following the sale, the executive vice president now owns 1,852 shares in the company, valued at $94,507.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, President Joel Bender sold 201,585 shares of Cactus stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $52.03, for a total value of $10,488,467.55. Following the completion of the transaction, the president now directly owns 555,001 shares of the company’s stock, valued at approximately $28,876,702.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP William D. Marsh sold 2,059 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $51.03, for a total transaction of $105,070.77. Following the sale, the executive vice president now directly owns 1,852 shares of the company’s stock, valued at approximately $94,507.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 602,059 shares of company stock worth $30,948,949. Corporate insiders own 17.72% of the company’s stock.

Hedge Funds Weigh In On Cactus

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Cactus by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 6,571,806 shares of the company’s stock worth $329,182,000 after purchasing an additional 53,142 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Cactus by 4.8% during the third quarter. JPMorgan Chase & Co. now owns 2,378,095 shares of the company’s stock valued at $119,404,000 after acquiring an additional 108,905 shares during the period. Boston Trust Walden Corp boosted its holdings in shares of Cactus by 1.4% during the fourth quarter. Boston Trust Walden Corp now owns 1,941,115 shares of the company’s stock valued at $88,127,000 after acquiring an additional 26,185 shares during the period. FMR LLC grew its position in shares of Cactus by 181.5% during the third quarter. FMR LLC now owns 1,898,398 shares of the company’s stock worth $95,319,000 after acquiring an additional 1,224,079 shares during the last quarter. Finally, Wasatch Advisors LP increased its holdings in shares of Cactus by 39.1% in the 1st quarter. Wasatch Advisors LP now owns 1,336,006 shares of the company’s stock worth $66,921,000 after acquiring an additional 375,829 shares during the period. 85.11% of the stock is currently owned by institutional investors and hedge funds.

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.