Cactus, Inc. (NYSE:WHD) Receives $47.75 Average PT from Analysts

Shares of Cactus, Inc. (NYSE:WHD) have earned a consensus rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $47.75.

Several equities research analysts have recently issued reports on WHD shares. Stifel Nicolaus increased their price objective on shares of Cactus from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cactus in a research note on Tuesday. Zacks Research upgraded Cactus from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. Wall Street Zen upgraded Cactus from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Finally, Bank of America raised Cactus from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $39.00 to $40.00 in a research report on Wednesday, October 29th.

Insider Activity

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

Institutional Investors Weigh In On Cactus

A number of institutional investors and hedge funds have recently made changes to their positions in WHD. EverSource Wealth Advisors LLC increased its holdings in Cactus by 67.6% during the third quarter. EverSource Wealth Advisors LLC now owns 642 shares of the company’s stock worth $25,000 after buying an additional 259 shares during the last quarter. Salomon & Ludwin LLC bought a new position in shares of Cactus in the 3rd quarter valued at about $25,000. Johnson Financial Group Inc. bought a new position in shares of Cactus in the 3rd quarter valued at about $33,000. Advisors Asset Management Inc. increased its stake in shares of Cactus by 113.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock worth $47,000 after purchasing an additional 543 shares during the last quarter. Finally, Huntington National Bank raised its holdings in shares of Cactus by 55.4% in the 3rd quarter. Huntington National Bank now owns 1,094 shares of the company’s stock valued at $43,000 after purchasing an additional 390 shares during the period. Institutional investors own 85.11% of the company’s stock.

Cactus Trading Up 0.1%

NYSE WHD opened at $42.36 on Monday. Cactus has a one year low of $33.20 and a one year high of $69.22. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.28 and a quick ratio of 3.74. The firm has a market cap of $3.38 billion, a P/E ratio of 16.88, a P/E/G ratio of 8.60 and a beta of 1.46. The stock’s 50-day moving average is $39.85 and its 200-day moving average is $41.89.

Cactus (NYSE:WHD) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.09. The business had revenue of $263.95 million during the quarter, compared to analyst estimates of $253.89 million. Cactus had a return on equity of 16.02% and a net margin of 15.86%.Cactus’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.74 EPS. Sell-side analysts anticipate that Cactus will post 3.08 earnings per share for the current fiscal year.

Cactus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, December 1st. Cactus’s dividend payout ratio (DPR) is currently 22.31%.

About Cactus

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.