Cactus, Inc. (NYSE:WHD) Given Average Recommendation of “Hold” by Brokerages

Cactus, Inc. (NYSE:WHD) has earned an average recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $56.40.

Several equities research analysts have weighed in on the company. Piper Sandler dropped their target price on Cactus from $55.00 to $54.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. Barclays upped their target price on Cactus from $56.00 to $61.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Citigroup raised their target price on Cactus from $48.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Bank of America boosted their price target 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. Finally, Stifel Nicolaus lowered their price objective on shares of Cactus from $69.00 to $67.00 and set a “buy” rating on the stock in a research note on Friday, October 11th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Congress Asset Management Co. MA lifted its position in shares of Cactus by 23.8% in the 4th quarter. Congress Asset Management Co. MA now owns 127,640 shares of the company’s stock valued at $5,795,000 after acquiring an additional 24,517 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of Cactus by 3.5% in the fourth quarter. Fisher Asset Management LLC now owns 291,350 shares of the company’s stock worth $13,227,000 after buying an additional 9,784 shares during the period. Vanguard Group Inc. grew its holdings in shares of Cactus by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 6,518,664 shares of the company’s stock valued at $295,947,000 after buying an additional 148,355 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Cactus during the fourth quarter valued at $3,541,000. Finally, Quadrature Capital Ltd lifted its stake in Cactus by 54.2% in the 4th quarter. Quadrature Capital Ltd now owns 27,748 shares of the company’s stock worth $1,259,000 after acquiring an additional 9,752 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Cactus Trading Down 3.1 %

NYSE WHD opened at $59.51 on Friday. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 2.30 and a beta of 1.95. Cactus has a 12 month low of $37.58 and a 12 month high of $64.96. The company’s fifty day moving average price is $59.82 and its two-hundred day moving average price is $55.24. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.75 and a quick ratio of 2.59.

Cactus (NYSE:WHD) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. The firm had revenue of $290.39 million during the quarter, compared to the consensus estimate of $276.76 million. Cactus had a net margin of 16.88% and a return on equity of 21.22%. The firm’s revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.84 earnings per share. As a group, research analysts predict that Cactus will post 3.04 earnings per share for the current fiscal year.

Cactus Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Monday, August 26th were paid a $0.13 dividend. The ex-dividend date was Monday, August 26th. This represents a $0.52 dividend on an annualized basis and a yield of 0.87%. This is a boost from Cactus’s previous quarterly dividend of $0.12. Cactus’s dividend payout ratio (DPR) is currently 20.72%.

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.