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

Cactus, Inc. (NYSE:WHD) has received an average rating of “Hold” from the seven analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $56.40.

Several brokerages recently commented on WHD. Barclays downgraded shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 target price for the company. in a report on Monday, November 4th. Bank of America boosted their price objective on shares of Cactus from $44.00 to $48.00 and gave the company an “underperform” rating in a report on Monday, October 14th. Finally, Stifel Nicolaus cut their price objective on shares of Cactus from $69.00 to $67.00 and set a “buy” rating for the company in a report on Friday, October 11th.

Cactus Stock Down 0.4 %

Cactus stock opened at $63.53 on Monday. The firm has a market capitalization of $5.06 billion, a PE ratio of 22.53, a P/E/G ratio of 2.66 and a beta of 1.98. The company’s 50-day moving average is $62.91 and its 200-day moving average is $60.62. Cactus has a fifty-two week low of $37.58 and a fifty-two week high of $70.01. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67.

Cactus (NYSE:WHD) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.04. The company 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 for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 EPS. Sell-side analysts anticipate that Cactus will post 3.08 earnings per share for the current year.

Cactus Dividend Announcement

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

Insider Activity

In other news, CEO Stephen Tadlock sold 33,500 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 36,357 shares in the company, valued at approximately $2,230,501.95. The trade was a 47.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Steven Bender sold 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $65.35, for a total transaction of $6,535,000.00. Following the completion of the transaction, the chief operating officer now owns 57,567 shares of the company’s stock, valued at $3,762,003.45. The trade was a 63.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 138,500 shares of company stock worth $8,916,325. 16.84% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cactus

A number of institutional investors have recently added to or reduced their stakes in WHD. Quest Partners LLC acquired a new position in Cactus during the 3rd quarter worth approximately $34,000. Versant Capital Management Inc increased its position in Cactus by 165.4% during the 4th quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock worth $34,000 after purchasing an additional 359 shares in the last quarter. GAMMA Investing LLC increased its position in Cactus by 81.5% during the 3rd quarter. GAMMA Investing LLC now owns 2,441 shares of the company’s stock worth $146,000 after purchasing an additional 1,096 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Cactus during the 3rd quarter worth approximately $177,000. Finally, Nisa Investment Advisors LLC increased its position in Cactus by 10.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,148 shares of the company’s stock worth $188,000 after purchasing an additional 307 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

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.