Cactus, Inc. (NYSE:WHD) Given Average Rating of “Hold” by Brokerages

Cactus, Inc. (NYSE:WHD) has received an average recommendation of “Hold” from the seven research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $55.29.

Several analysts have recently issued reports on WHD shares. Stifel Nicolaus decreased their price objective on Cactus from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, January 3rd. Benchmark cut Cactus from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Finally, Bank of America upped their price objective on Cactus from $40.00 to $43.00 and gave the stock an “underperform” rating in a report on Monday, April 15th.

Insider Activity at Cactus

In related news, EVP William D. Marsh sold 1,700 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $46.20, for a total transaction of $78,540.00. Following the sale, the executive vice president now owns 3,911 shares in the company, valued at approximately $180,688.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP William D. Marsh sold 1,700 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $46.20, for a total transaction of $78,540.00. Following the sale, the executive vice president now owns 3,911 shares in the company, valued at approximately $180,688.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott Bender sold 78,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $45.79, for a total value of $3,571,620.00. Following the sale, the chief executive officer now owns 20 shares in the company, valued at approximately $915.80. The disclosure for this sale can be found here. 16.84% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Cactus

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Cactus by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 6,518,664 shares of the company’s stock valued at $295,947,000 after acquiring an additional 148,355 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Cactus by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,378,095 shares of the company’s stock worth $119,404,000 after buying an additional 108,905 shares in the last quarter. Boston Trust Walden Corp grew its position in shares of Cactus by 1.4% during the 4th quarter. Boston Trust Walden Corp now owns 1,941,115 shares of the company’s stock worth $88,127,000 after buying an additional 26,185 shares in the last quarter. FMR LLC grew its position in shares of Cactus by 181.5% during the 3rd quarter. FMR LLC now owns 1,898,398 shares of the company’s stock worth $95,319,000 after buying an additional 1,224,079 shares in the last quarter. Finally, Wasatch Advisors LP grew its position in shares of Cactus by 39.1% during the 1st quarter. Wasatch Advisors LP now owns 1,336,006 shares of the company’s stock worth $66,921,000 after buying an additional 375,829 shares in the last quarter. Institutional investors own 85.11% of the company’s stock.

Cactus Stock Down 0.5 %

NYSE WHD opened at $52.32 on Friday. The stock’s 50 day moving average is $48.30 and its 200 day moving average is $45.50. The company has a current ratio of 3.17, a quick ratio of 2.00 and a debt-to-equity ratio of 0.01. Cactus has a 12 month low of $31.36 and a 12 month high of $57.00. The stock has a market cap of $4.15 billion, a PE ratio of 20.52, a P/E/G ratio of 9.21 and a beta of 1.96.

Cactus (NYSE:WHD) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.13. Cactus had a return on equity of 22.69% and a net margin of 15.42%. The company had revenue of $274.87 million for the quarter, compared to analysts’ expectations of $268.56 million. During the same period in the previous year, the firm earned $0.57 EPS. The firm’s revenue was up 46.4% compared to the same quarter last year. Research analysts predict that Cactus will post 2.87 EPS for the current fiscal year.

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.