Cactus (NYSE:WHD) Price Target Lowered to $57.00 at Stifel Nicolaus

Cactus (NYSE:WHD) had its target price lowered by Stifel Nicolaus from $61.00 to $57.00 in a research note published on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Separately, Barclays cut their target price on Cactus from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Cactus presently has a consensus rating of “Hold” and an average target price of $52.40.

Cactus Stock Up 3.2 %

Shares of WHD stock opened at $40.96 on Friday. The stock’s fifty day moving average price is $42.80 and its 200 day moving average price is $55.31. 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 has a 1-year low of $33.80 and a 1-year high of $70.01. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 5.13 and a beta of 1.50.

Cactus (NYSE:WHD) last released its earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.03. The company had revenue of $280.32 million for the quarter, compared to the consensus estimate of $272.22 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. Cactus’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 EPS. On average, research analysts expect that Cactus will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 2nd will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Monday, June 2nd. Cactus’s dividend payout ratio (DPR) is currently 18.51%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WHD. Oarsman Capital Inc. acquired a new stake in Cactus during the 4th quarter worth about $26,000. Smartleaf Asset Management LLC boosted its stake in shares of Cactus by 74.6% in 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 during the last quarter. Versant Capital Management Inc grew its holdings in Cactus by 165.4% during 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 period. Jones Financial Companies Lllp raised its position in Cactus by 66.9% during the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock valued at $49,000 after acquiring an additional 337 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in Cactus in the fourth quarter valued at approximately $76,000. Hedge funds and other 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.