Cactus, Inc. (NYSE:WHD) Receives Average Rating of “Hold” from Analysts

Shares of Cactus, Inc. (NYSE:WHD) have been given an average rating of “Hold” by the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One 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 twelve-month price objective among analysts that have covered the stock in the last year is $56.40.

Several brokerages recently issued reports on WHD. Barclays lowered shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 target price on the stock. in a research note on Monday, November 4th. Stifel Nicolaus cut their target price on shares of Cactus from $69.00 to $67.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Finally, Bank of America increased their target price on shares of Cactus from $44.00 to $48.00 and gave the stock an “underperform” rating in a research note on Monday, October 14th.

Insider Activity

In other Cactus news, CEO Stephen Tadlock sold 33,500 shares of Cactus stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $61.35, for a total value of $2,055,225.00. Following the sale, the chief executive officer now owns 36,357 shares of the company’s stock, valued at approximately $2,230,501.95. The trade was a 47.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Steven Bender sold 100,000 shares of Cactus stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $65.35, for a total transaction of $6,535,000.00. Following the completion of the sale, the chief operating officer now directly owns 57,567 shares in the company, valued at approximately $3,762,003.45. This represents a 63.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 138,500 shares of company stock worth $8,916,325 over the last quarter. Insiders own 16.84% of the company’s stock.

Institutional Trading of Cactus

Several hedge funds have recently added to or reduced their stakes in WHD. Envestnet Asset Management Inc. raised its position in Cactus by 9.6% in the second quarter. Envestnet Asset Management Inc. now owns 82,641 shares of the company’s stock worth $4,358,000 after acquiring an additional 7,231 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Cactus by 3.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,153,087 shares of the company’s stock valued at $60,811,000 after purchasing an additional 38,983 shares during the period. Renaissance Technologies LLC raised its position in shares of Cactus by 179.2% in the second quarter. Renaissance Technologies LLC now owns 238,700 shares of the company’s stock valued at $12,589,000 after purchasing an additional 153,200 shares during the period. Amalgamated Bank raised its position in shares of Cactus by 800.4% in the second quarter. Amalgamated Bank now owns 20,071 shares of the company’s stock valued at $1,059,000 after purchasing an additional 17,842 shares during the period. Finally, Sei Investments Co. raised its position in shares of Cactus by 3.5% in the second quarter. Sei Investments Co. now owns 357,201 shares of the company’s stock valued at $18,839,000 after purchasing an additional 11,973 shares during the period. Institutional investors own 85.11% of the company’s stock.

Cactus Trading Down 0.4 %

NYSE:WHD opened at $63.53 on Monday. The firm’s fifty day moving average is $62.91 and its 200-day moving average is $60.62. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. Cactus has a 52 week low of $37.58 and a 52 week high of $70.01. The firm has a market cap of $5.06 billion, a P/E ratio of 22.53, a P/E/G ratio of 2.66 and a beta of 1.98.

Cactus (NYSE:WHD) last issued its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.04. The business had revenue of $293.18 million for the quarter, compared to analyst estimates of $287.47 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. Cactus’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 earnings per share. Equities analysts expect that Cactus will post 3.08 earnings per share for the current year.

Cactus Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Monday, December 2nd were issued a $0.13 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $0.52 annualized dividend and a dividend yield of 0.82%. Cactus’s dividend payout ratio is currently 18.44%.

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.