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

Cactus, Inc. (NYSE:WHD) has earned a consensus rating of “Hold” from the six ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $50.75.

A number of equities research analysts recently commented on the stock. Wall Street Zen raised shares of Cactus from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Stifel Nicolaus decreased their target price on shares of Cactus from $57.00 to $53.00 and set a “buy” rating for the company in a research report on Friday, August 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Cactus in a research report on Saturday, September 27th. Zacks Research cut shares of Cactus from a “hold” rating to a “strong sell” rating in a research report on Monday, September 8th. Finally, Barclays reissued an “overweight” rating and set a $52.00 target price (down previously from $53.00) on shares of Cactus in a research report on Monday, August 4th.

Insider Transactions at Cactus

In other Cactus news, EVP William D. Marsh sold 10,172 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $41.32, for a total transaction of $420,307.04. Following the transaction, the executive vice president owned 11,088 shares in the company, valued at approximately $458,156.16. This represents a 47.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 13.75% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Gilbert & Cook Inc. increased its stake in Cactus by 2.0% during the 2nd quarter. Gilbert & Cook Inc. now owns 13,030 shares of the company’s stock valued at $570,000 after purchasing an additional 259 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Cactus by 5.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,133 shares of the company’s stock valued at $300,000 after purchasing an additional 269 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Cactus by 0.5% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 57,938 shares of the company’s stock valued at $2,532,000 after purchasing an additional 269 shares in the last quarter. Xponance Inc. increased its stake in Cactus by 5.7% during the 1st quarter. Xponance Inc. now owns 5,405 shares of the company’s stock valued at $248,000 after purchasing an additional 291 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in Cactus by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 66,538 shares of the company’s stock valued at $2,909,000 after purchasing an additional 306 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Cactus Price Performance

Shares of WHD opened at $37.60 on Friday. The company has a 50 day moving average price of $40.84 and a 200-day moving average price of $42.04. Cactus has a fifty-two week low of $33.80 and a fifty-two week high of $70.01. The stock has a market capitalization of $3.00 billion, a PE ratio of 14.19, a PEG ratio of 3.55 and a beta of 1.48. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.48 and a current ratio of 4.85.

Cactus (NYSE:WHD) last posted its earnings results on Wednesday, July 30th. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Cactus had a net margin of 16.19% and a return on equity of 17.34%. The firm had revenue of $273.58 million for the quarter, compared to analysts’ expectations of $280.28 million. During the same period in the previous year, the company earned $0.81 EPS. The company’s revenue was down 5.8% on a year-over-year basis. Equities analysts predict that Cactus will post 3.08 earnings per share for the current fiscal year.

Cactus Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Friday, August 29th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Friday, August 29th. This is a positive change from Cactus’s previous quarterly dividend of $0.13. Cactus’s dividend payout ratio (DPR) is currently 21.13%.

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.