Cactus, Inc. (NYSE:WHD) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Cactus, Inc. (NYSE:WHD) have earned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $55.00.

Separately, Barclays decreased their price target on Cactus from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 5th.

Cactus Price Performance

Shares of WHD stock opened at $47.36 on Wednesday. Cactus has a 1-year low of $45.94 and a 1-year high of $70.01. The stock’s 50-day moving average is $58.91 and its 200 day moving average is $60.69. The company has a market cap of $3.77 billion, a P/E ratio of 16.79, a PEG ratio of 5.13 and a beta of 2.05. 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 issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). Cactus had a net margin of 16.57% and a return on equity of 20.24%. The company had revenue of $272.12 million for the quarter, compared to the consensus estimate of $277.59 million. Research analysts predict that Cactus will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders 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 dividend yield of 1.10%. The ex-dividend date of this dividend is Monday, March 3rd. Cactus’s dividend payout ratio is presently 18.84%.

Institutional Trading of Cactus

A number of institutional investors have recently made changes to their positions in the company. Oarsman Capital Inc. purchased a new position in Cactus during the fourth quarter worth approximately $26,000. Smartleaf Asset Management LLC lifted its position in Cactus by 74.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock worth $30,000 after buying an additional 223 shares in the last quarter. Quest Partners LLC purchased a new stake in Cactus in the third quarter valued at $34,000. Versant Capital Management Inc raised its position in Cactus by 165.4% in the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock valued at $34,000 after purchasing an additional 359 shares during the period. Finally, Jones Financial Companies Lllp raised its position in Cactus by 66.9% in the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock valued at $49,000 after purchasing an additional 337 shares during the period. 85.11% of the stock is owned by institutional investors and hedge funds.

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.