Cactus (NYSE:WHD) Hits New 52-Week Low – Should You Sell?

Cactus, Inc. (NYSE:WHD) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $45.96 and last traded at $45.62, with a volume of 21428 shares changing hands. The stock had previously closed at $47.37.

Analyst Upgrades and Downgrades

Separately, Barclays reduced their price target on shares of Cactus from $61.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Cactus has a consensus rating of “Hold” and a consensus price target of $55.00.

Cactus Trading Up 3.2 %

The business’s 50 day moving average price is $58.67 and its two-hundred day moving average price is $60.60. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 16.55, a P/E/G ratio of 5.13 and a beta of 2.05. 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 announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.01). Cactus had a return on equity of 20.24% and a net margin of 16.57%. The company had revenue of $272.12 million for the quarter, compared to analyst estimates of $277.59 million. On average, equities analysts predict that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

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 $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Monday, March 3rd. Cactus’s dividend payout ratio is currently 18.84%.

Institutional Investors Weigh In On Cactus

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Illinois Municipal Retirement Fund grew its position in Cactus by 0.5% during the fourth quarter. Illinois Municipal Retirement Fund now owns 37,412 shares of the company’s stock valued at $2,183,000 after acquiring an additional 169 shares during the last quarter. State of Tennessee Department of Treasury lifted its stake in Cactus by 0.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 35,828 shares of the company’s stock worth $2,091,000 after acquiring an additional 177 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in Cactus by 1.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 10,382 shares of the company’s stock worth $606,000 after acquiring an additional 180 shares during the period. New York State Teachers Retirement System lifted its stake in Cactus by 1.3% in the fourth quarter. New York State Teachers Retirement System now owns 15,700 shares of the company’s stock worth $916,000 after acquiring an additional 200 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in Cactus by 7.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,369 shares of the company’s stock worth $197,000 after acquiring an additional 221 shares during the period. 85.11% of the stock is currently owned by institutional investors.

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.