Cactus, Inc. (NYSE:WHD) Receives $55.00 Average PT from Analysts

Shares of Cactus, Inc. (NYSE:WHD) have earned an average rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $55.00.

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

Cactus Stock Performance

NYSE WHD opened at $37.51 on Friday. Cactus has a 1-year low of $35.35 and a 1-year high of $70.01. The company has a 50 day moving average of $52.64 and a 200-day moving average of $58.93. 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 firm has a market cap of $2.98 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 5.13 and a beta of 1.74.

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

Cactus Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Monday, March 3rd. Cactus’s payout ratio is currently 18.84%.

Institutional Trading of Cactus

Institutional investors have recently modified their holdings of the company. First Trust Advisors LP increased its stake in Cactus by 34.6% in the 4th quarter. First Trust Advisors LP now owns 1,556,565 shares of the company’s stock valued at $90,841,000 after buying an additional 400,452 shares during the last quarter. Federated Hermes Inc. bought a new stake in Cactus during the fourth quarter worth about $19,235,000. Raymond James Financial Inc. bought a new stake in Cactus during the fourth quarter worth about $16,377,000. Point72 Asset Management L.P. acquired a new position in Cactus during the fourth quarter valued at approximately $14,285,000. Finally, Tudor Investment Corp ET AL grew its stake in Cactus by 487.1% in the fourth quarter. Tudor Investment Corp ET AL now owns 282,271 shares of the company’s stock valued at $16,473,000 after purchasing an additional 234,191 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors.

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.