Cactus, Inc. (NYSE:WHD) Receives Average Rating of “Moderate Buy” from Analysts

Cactus, Inc. (NYSE:WHD) has earned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $50.20.

Several research analysts recently weighed in on WHD shares. Barclays boosted their target price on Cactus from $51.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 17th. Bank of America upgraded Cactus from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $39.00 to $40.00 in a research note on Wednesday, October 29th. Zacks Research raised shares of Cactus from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 30th. Stifel Nicolaus boosted their target price on shares of Cactus from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cactus in a research note on Monday, December 29th.

Institutional Trading of Cactus

Hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC increased its position in shares of Cactus by 482.7% during the first quarter. Jane Street Group LLC now owns 238,879 shares of the company’s stock worth $10,948,000 after purchasing an additional 197,887 shares in the last quarter. VELA Investment Management LLC grew its stake in Cactus by 79.6% during the 2nd quarter. VELA Investment Management LLC now owns 115,440 shares of the company’s stock valued at $5,047,000 after acquiring an additional 51,158 shares in the last quarter. AGF Management Ltd. acquired a new stake in Cactus in the 2nd quarter valued at about $672,000. Hunter Perkins Capital Management LLC purchased a new stake in Cactus in the 2nd quarter valued at $462,000. Finally, Marshall Financial Group LLC purchased a new position in Cactus during the second quarter worth about $940,000. 85.11% of the stock is owned by hedge funds and other institutional investors.

Cactus Trading Up 1.3%

NYSE WHD opened at $53.25 on Tuesday. Cactus has a one year low of $33.20 and a one year high of $65.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.74 and a current ratio of 5.28. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 5.41 and a beta of 1.26. The company’s 50-day simple moving average is $45.60 and its two-hundred day simple moving average is $42.68.

Cactus (NYSE:WHD) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.09. The company had revenue of $263.95 million for the quarter, compared to the consensus estimate of $253.89 million. Cactus had a return on equity of 16.02% and a net margin of 15.86%.The firm’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.74 earnings per share. Equities analysts forecast that Cactus will post 3.08 EPS for the current fiscal year.

Cactus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Monday, December 1st were paid a dividend of $0.14 per share. The ex-dividend date was Monday, December 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.1%. Cactus’s dividend payout ratio (DPR) is presently 22.31%.

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. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells.