Cactus, Inc. (NYSE:WHD) Receives $55.40 Average Target Price from Analysts

Shares of Cactus, Inc. (NYSE:WHD) have been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $56.40.

Several brokerages have issued reports on WHD. Citigroup upped their price target on shares of Cactus from $48.00 to $52.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Piper Sandler lowered their target price on shares of Cactus from $55.00 to $54.00 and set a “neutral” rating for the company in a research note on Monday, July 15th. Barclays raised their price target on Cactus from $56.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Stifel Nicolaus dropped their price objective on shares of Cactus from $69.00 to $67.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Finally, Bank of America raised their target price on shares of Cactus from $44.00 to $48.00 and gave the stock an “underperform” rating in a research report on Monday, October 14th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. AlphaMark Advisors LLC acquired a new stake in shares of Cactus in the third quarter worth $316,000. Creative Planning increased its holdings in Cactus by 27.5% in the 3rd quarter. Creative Planning now owns 11,292 shares of the company’s stock valued at $674,000 after purchasing an additional 2,433 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Cactus in the third quarter valued at about $775,000. Barlow Wealth Partners Inc. lifted its stake in shares of Cactus by 1.6% during the third quarter. Barlow Wealth Partners Inc. now owns 258,467 shares of the company’s stock worth $16,604,000 after purchasing an additional 3,960 shares in the last quarter. Finally, City Center Advisors LLC purchased a new stake in shares of Cactus in the third quarter worth about $396,000. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Cactus Price Performance

WHD stock opened at $59.51 on Friday. The firm has a 50 day moving average of $59.82 and a 200-day moving average of $55.24. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 2.30 and a beta of 1.95. The company has a current ratio of 3.75, a quick ratio of 2.59 and a debt-to-equity ratio of 0.01. Cactus has a 12-month low of $37.58 and a 12-month high of $64.96.

Cactus (NYSE:WHD) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.09. The firm had revenue of $290.39 million during the quarter, compared to analysts’ expectations of $276.76 million. Cactus had a return on equity of 21.22% and a net margin of 16.88%. Cactus’s revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 earnings per share. As a group, equities analysts expect that Cactus will post 3.04 EPS for the current fiscal year.

Cactus Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Monday, August 26th were issued a dividend of $0.13 per share. The ex-dividend date was Monday, August 26th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.87%. This is a boost from Cactus’s previous quarterly dividend of $0.12. Cactus’s payout ratio is presently 20.72%.

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.