Brokerages Set Cactus, Inc. (NYSE:WHD) Target Price at $50.75

Cactus, Inc. (NYSE:WHD) has received an average rating of “Hold” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $50.75.

Several research analysts have issued reports on the company. Zacks Research lowered Cactus from a “hold” rating to a “strong sell” rating in a report on Monday, September 8th. Stifel Nicolaus cut their target price on Cactus from $57.00 to $53.00 and set a “buy” rating on the stock in a report on Friday, August 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Cactus in a report on Wednesday. Wall Street Zen upgraded Cactus from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Finally, Barclays reaffirmed an “overweight” rating and issued a $52.00 price objective (down from $53.00) on shares of Cactus in a research note on Monday, August 4th.

Insiders Place Their Bets

In related news, EVP William D. Marsh sold 10,172 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $41.32, for a total value of $420,307.04. Following the transaction, the executive vice president owned 11,088 shares of the company’s stock, valued at approximately $458,156.16. This trade represents a 47.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 13.75% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Advisors Asset Management Inc. lifted its stake in Cactus by 113.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock valued at $47,000 after acquiring an additional 543 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in Cactus during the 1st quarter valued at $57,000. Financial Harvest LLC bought a new position in shares of Cactus during the first quarter valued at about $130,000. CWM LLC lifted its position in shares of Cactus by 131.7% during the second quarter. CWM LLC now owns 2,966 shares of the company’s stock valued at $130,000 after purchasing an additional 1,686 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Cactus by 11.9% during the first quarter. KBC Group NV now owns 3,373 shares of the company’s stock valued at $155,000 after purchasing an additional 360 shares in the last quarter. Institutional investors own 85.11% of the company’s stock.

Cactus Stock Down 7.5%

Shares of NYSE WHD opened at $33.27 on Friday. The firm has a market cap of $2.66 billion, a PE ratio of 12.55, a P/E/G ratio of 3.15 and a beta of 1.48. Cactus has a 12-month low of $33.20 and a 12-month high of $70.01. The company’s fifty day simple moving average is $39.94 and its 200 day simple moving average is $41.66. The company has a quick ratio of 3.48, a current ratio of 4.85 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). The company had revenue of $273.58 million for the quarter, compared to the consensus estimate of $280.28 million. Cactus had a return on equity of 17.34% and a net margin of 16.19%.Cactus’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period last year, the company earned $0.81 EPS. As a group, sell-side analysts forecast that Cactus will post 3.08 earnings per share for the current fiscal year.

Cactus Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Friday, August 29th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, August 29th. This is a positive change from Cactus’s previous quarterly dividend of $0.13. Cactus’s payout ratio is 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.