Analysts Set Cactus, Inc. (NYSE:WHD) Target Price at $56.40

Cactus, Inc. (NYSE:WHD) has received a consensus rating of “Hold” from the seven brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $56.40.

WHD has been the topic of several research reports. Stifel Nicolaus cut their price objective on Cactus from $69.00 to $67.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. Bank of America raised their target price on Cactus from $44.00 to $48.00 and gave the company an “underperform” rating in a report on Monday, October 14th. Finally, Barclays cut Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price target for the company. in a report on Monday, November 4th.

Cactus Stock Down 1.4 %

WHD opened at $62.88 on Monday. Cactus has a 1 year low of $38.79 and a 1 year high of $70.01. The firm has a 50 day moving average price of $62.67 and a 200 day moving average price of $60.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. The company has a market cap of $5.00 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 5.47 and a beta of 1.98.

Cactus (NYSE:WHD) last released its quarterly earnings data 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 company had revenue of $293.18 million during 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%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 earnings per share. Sell-side analysts expect that Cactus will post 3.08 earnings per share for the current year.

Cactus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.13 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.52 annualized dividend and a yield of 0.83%. Cactus’s dividend payout ratio is presently 18.44%.

Insider Buying and Selling at Cactus

In other Cactus news, CEO Stephen Tadlock sold 33,500 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $61.35, for a total transaction of $2,055,225.00. Following the sale, the chief executive officer now owns 36,357 shares in the company, valued at $2,230,501.95. This represents a 47.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Steven Bender sold 100,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $65.35, for a total value of $6,535,000.00. Following the transaction, 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 have sold a total of 138,500 shares of company stock valued at $8,916,325 in the last three months. Corporate insiders own 16.84% of the company’s stock.

Institutional Trading of Cactus

Several institutional investors have recently added to or reduced their stakes in WHD. Quest Partners LLC acquired a new position in shares of Cactus in the 3rd quarter valued at about $34,000. Versant Capital Management Inc lifted its holdings in 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 during the last quarter. GAMMA Investing LLC boosted its stake in Cactus by 81.5% in the third quarter. GAMMA Investing LLC now owns 2,441 shares of the company’s stock valued at $146,000 after acquiring an additional 1,096 shares during the period. KBC Group NV grew its holdings in shares of Cactus by 54.2% during the fourth quarter. KBC Group NV now owns 3,013 shares of the company’s stock valued at $176,000 after purchasing an additional 1,059 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Cactus during the 3rd quarter worth approximately $177,000. 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.