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

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

Several equities research analysts have recently commented on WHD shares. Barclays cut Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 target price for the company. in a research note on Monday, November 4th. Bank of America boosted their price objective on Cactus from $44.00 to $48.00 and gave the stock an “underperform” rating in a report on Monday, October 14th. Finally, Stifel Nicolaus reduced their target price 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.

Insider Activity

In other news, COO Steven Bender sold 100,000 shares of Cactus stock in a transaction dated 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 transaction, the chief operating officer now owns 57,567 shares in the company, valued at $3,762,003.45. The trade was a 63.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Bruce M. Rothstein sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $65.22, for a total value of $326,100.00. Following the sale, the director now directly owns 12,177 shares of the company’s stock, valued at approximately $794,183.94. The trade was a 29.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 138,500 shares of company stock valued at $8,916,325 in the last ninety days. 17.71% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its position in Cactus by 3,604.5% in the 2nd quarter. Principal Financial Group Inc. now owns 326,518 shares of the company’s stock valued at $17,221,000 after acquiring an additional 317,704 shares in the last quarter. Maryland State Retirement & Pension System acquired a new position in shares of Cactus during the second quarter worth about $1,208,000. Barlow Wealth Partners Inc. bought a new position in shares of Cactus during the second quarter worth about $14,553,000. Natixis Advisors LLC acquired a new stake in Cactus in the 2nd quarter valued at approximately $775,000. Finally, Rhumbline Advisers lifted its stake in Cactus by 69.7% in the 2nd quarter. Rhumbline Advisers now owns 206,982 shares of the company’s stock valued at $10,916,000 after acquiring an additional 84,984 shares in the last quarter. Institutional investors own 85.11% of the company’s stock.

Cactus Stock Up 0.5 %

Shares of NYSE:WHD opened at $57.54 on Thursday. 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 $4.58 billion, a P/E ratio of 20.40, a P/E/G ratio of 2.98 and a beta of 1.97. Cactus has a 12 month low of $37.58 and a 12 month high of $70.01. The company’s 50-day moving average price is $63.03 and its two-hundred day moving average price is $59.73.

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

Cactus Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Monday, December 2nd were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.52 annualized dividend and a dividend yield of 0.90%. Cactus’s payout ratio is currently 18.44%.

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.