Cactus, Inc. (WHD) To Go Ex-Dividend on March 2nd

Cactus, Inc. (NYSE:WHD) declared a quarterly dividend on Tuesday, February 3rd. Stockholders of record on Monday, March 2nd will be paid a dividend of 0.14 per share on Thursday, March 19th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, March 2nd.

Cactus has increased its dividend payment by an average of 0.4%annually over the last three years and has raised its dividend every year for the last 4 years. Cactus has a dividend payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Cactus to earn $3.22 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 17.4%.

Cactus Stock Up 2.0%

WHD stock opened at $58.42 on Thursday. The company has a market cap of $4.66 billion, a price-to-earnings ratio of 23.27, a P/E/G ratio of 5.86 and a beta of 1.27. Cactus has a twelve month low of $33.20 and a twelve month high of $61.65. The business has a 50 day moving average price of $49.25 and a two-hundred day moving average price of $43.66. The company has a quick ratio of 3.74, a current ratio of 5.28 and a debt-to-equity ratio of 0.01.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Zacks Research cut shares of Cactus from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th. Stifel Nicolaus lifted their price target on Cactus from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Citigroup raised Cactus from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $45.00 to $55.00 in a research report on Thursday, December 11th. Bank of America upgraded Cactus from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $39.00 to $40.00 in a research note on Wednesday, October 29th. Finally, Barclays increased their price target on Cactus from $51.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, December 17th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $50.20.

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. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells.