Cactus (NYSE:WHD) Stock Rating Reaffirmed by Benchmark

Benchmark reissued their hold rating on shares of Cactus (NYSE:WHD) in a research note released on Monday, Benzinga reports.

Separately, Bank of America lifted their price objective on shares of Cactus from $40.00 to $43.00 and gave the company an underperform rating in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Hold and an average target price of $55.14.

Cactus Trading Down 1.8 %

Shares of WHD stock opened at $50.56 on Monday. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 9.11 and a beta of 1.95. The company has a quick ratio of 2.17, a current ratio of 3.24 and a debt-to-equity ratio of 0.01. Cactus has a fifty-two week low of $31.36 and a fifty-two week high of $57.00. The firm’s 50 day moving average price is $49.54 and its two-hundred day moving average price is $45.59.

Cactus (NYSE:WHD) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. The company had revenue of $274.12 million for the quarter, compared to analyst estimates of $270.70 million. Cactus had a net margin of 14.46% and a return on equity of 22.46%. The business’s quarterly revenue was up 20.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 earnings per share. On average, analysts anticipate that Cactus will post 2.87 EPS for the current year.

Cactus Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Tuesday, May 28th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, May 24th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.95%. Cactus’s dividend payout ratio (DPR) is presently 19.12%.

Insider Buying and Selling

In related news, CEO Scott Bender sold 78,000 shares of Cactus 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 completion of the sale, the chief executive officer now owns 20 shares in the company, valued at $915.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Scott Bender sold 78,000 shares of Cactus 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 completion of the sale, the chief executive officer now owns 20 shares in the company, valued at $915.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP William D. Marsh sold 1,700 shares of Cactus 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 completion of the sale, the executive vice president now owns 3,911 shares of the company’s stock, valued at approximately $180,688.20. The disclosure for this sale can be found here. Insiders own 16.84% of the company’s stock.

Institutional Trading of Cactus

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in shares of Cactus by 27.5% during the first quarter. GAMMA Investing LLC now owns 1,005 shares of the company’s stock valued at $50,000 after acquiring an additional 217 shares during the period. Arizona State Retirement System boosted its holdings in shares of Cactus by 1.5% during the third quarter. Arizona State Retirement System now owns 18,375 shares of the company’s stock valued at $923,000 after acquiring an additional 273 shares during the period. Gilbert & Cook Inc. boosted its holdings in shares of Cactus by 2.6% during the first quarter. Gilbert & Cook Inc. now owns 14,016 shares of the company’s stock valued at $702,000 after acquiring an additional 352 shares during the period. Los Angeles Capital Management LLC boosted its holdings in shares of Cactus by 2.8% during the third quarter. Los Angeles Capital Management LLC now owns 19,530 shares of the company’s stock valued at $981,000 after acquiring an additional 533 shares during the period. Finally, Signaturefd LLC boosted its holdings in shares of Cactus by 164.5% during the third quarter. Signaturefd LLC now owns 857 shares of the company’s stock valued at $43,000 after acquiring an additional 533 shares during the period. Institutional investors own 85.11% of the company’s stock.

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.