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

Cactus, Inc. (NYSE:WHD) has received a consensus recommendation of “Hold” from the seven analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $55.00.

Separately, Barclays reduced their price objective on shares of Cactus from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday.

Cactus Trading Down 3.9 %

Shares of WHD traded down $1.88 during trading hours on Wednesday, hitting $46.66. 64,912 shares of the stock traded hands, compared to its average volume of 528,401. The business has a fifty day moving average of $59.53 and a 200-day moving average of $60.93. The firm has a market capitalization of $3.71 billion, a PE ratio of 16.56, a price-to-earnings-growth ratio of 5.13 and a beta of 1.97. Cactus has a 1-year low of $44.57 and a 1-year high of $70.01. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD) last released its earnings results on Wednesday, February 26th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). The business had revenue of $272.12 million for the quarter, compared to analyst estimates of $277.59 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. Analysts expect that Cactus will post 3.08 EPS for the current year.

Cactus Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Monday, March 3rd. Cactus’s payout ratio is 18.84%.

Institutional Investors Weigh In On Cactus

Large investors have recently bought and sold shares of the company. Oarsman Capital Inc. acquired a new position in shares of Cactus in the 4th quarter valued at $26,000. Smartleaf Asset Management LLC lifted its holdings in Cactus by 74.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock worth $30,000 after acquiring an additional 223 shares in the last quarter. Quest Partners LLC acquired a new position in Cactus in the third quarter valued at about $34,000. Versant Capital Management Inc increased its holdings in shares of Cactus by 165.4% in the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock worth $34,000 after acquiring an additional 359 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of Cactus by 66.9% during the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock worth $49,000 after purchasing an additional 337 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.