Cactus (NYSE:WHD) Reaches New 52-Week Low – Should You Sell?

Shares of Cactus, Inc. (NYSE:WHD) reached a new 52-week low on Monday . The stock traded as low as $45.96 and last traded at $45.62, with a volume of 21428 shares trading hands. The stock had previously closed at $47.37.

Wall Street Analyst Weigh In

Separately, Barclays lowered 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 report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $55.00.

Cactus Price Performance

The company has a market cap of $3.69 billion, a PE ratio of 16.45, a PEG ratio of 5.13 and a beta of 2.05. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. The stock’s 50-day moving average is $58.91 and its 200 day moving average is $60.69.

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

Cactus Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.12%. The ex-dividend date is Monday, March 3rd. Cactus’s dividend payout ratio is presently 18.84%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Oarsman Capital Inc. purchased a new position in Cactus in the 4th quarter worth $26,000. Smartleaf Asset Management LLC increased its holdings in shares of Cactus by 74.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock valued at $30,000 after purchasing an additional 223 shares during the period. Quest Partners LLC purchased a new position in shares of Cactus in the third quarter worth about $34,000. Versant Capital Management Inc lifted its holdings in shares of Cactus by 165.4% during the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock worth $34,000 after purchasing an additional 359 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in Cactus by 66.9% in the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock valued at $49,000 after buying an additional 337 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

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.