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

Cactus, Inc. (NYSE:WHD) has earned a consensus recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat.com reports. 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 company. The average 1 year price objective among analysts that have covered the stock in the last year is $55.00.

Separately, Barclays dropped their price target on shares of Cactus from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 5th.

Institutional Investors Weigh In On Cactus

Several institutional investors have recently bought and sold shares of WHD. Oarsman Capital Inc. purchased a new position in Cactus in the fourth quarter valued at about $26,000. Smartleaf Asset Management LLC boosted its holdings in shares of Cactus by 74.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock worth $30,000 after purchasing an additional 223 shares during the period. Quest Partners LLC bought a new stake in Cactus in the third quarter valued at $34,000. Versant Capital Management Inc lifted its stake in shares of Cactus by 165.4% in the 4th quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock valued at $34,000 after purchasing an additional 359 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in Cactus by 66.9% during the 4th quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock valued at $49,000 after acquiring an additional 337 shares during the period. Institutional investors own 85.11% of the company’s stock.

Cactus Trading Up 3.2 %

Shares of WHD stock opened at $46.68 on Wednesday. Cactus has a 1 year low of $44.90 and a 1 year high of $70.01. The stock has a 50 day simple moving average of $58.67 and a 200 day simple moving average of $60.60. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. The stock has a market cap of $3.71 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 5.13 and a beta of 2.05.

Cactus (NYSE:WHD) last released its earnings results on Wednesday, February 26th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). The business had revenue of $272.12 million during the quarter, compared to the consensus estimate of $277.59 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. On average, research analysts predict that Cactus will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be issued a $0.13 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.52 annualized dividend and a yield of 1.11%. Cactus’s payout ratio is currently 18.84%.

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.