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

Shares of Cactus, Inc. (NYSE:WHDGet Free Report) have been given an average recommendation of “Hold” by the seven research firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $66.80.

Several equities research analysts recently issued reports on the company. Weiss Ratings upgraded Cactus from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Wall Street Zen raised Cactus from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Piper Sandler raised their price objective on Cactus from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Stifel Nicolaus lifted their price objective on Cactus from $68.00 to $72.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Barclays upped their target price on Cactus from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd.

Get Our Latest Stock Analysis on WHD

Insider Activity

In other news, CEO Stephen Tadlock sold 38,455 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $63.80, for a total value of $2,453,429.00. Following the completion of the transaction, the chief executive officer directly owned 43,178 shares in the company, valued at approximately $2,754,756.40. The trade was a 47.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Steven Bender sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $67.65, for a total transaction of $1,691,250.00. Following the completion of the transaction, the chief executive officer owned 99,241 shares of the company’s stock, valued at $6,713,653.65. The trade was a 20.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 263,455 shares of company stock worth $16,261,764. 12.91% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Johnson Financial Group Inc. acquired a new position in Cactus during the third quarter valued at approximately $33,000. Aster Capital Management DIFC Ltd boosted its holdings in shares of Cactus by 73.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 742 shares of the company’s stock valued at $34,000 after purchasing an additional 314 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Cactus in the 2nd quarter valued at $35,000. Advisors Asset Management Inc. increased its stake in shares of Cactus by 113.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock valued at $47,000 after purchasing an additional 543 shares during the last quarter. Finally, Global Retirement Partners LLC raised its holdings in shares of Cactus by 39,200.0% during the 4th quarter. Global Retirement Partners LLC now owns 1,179 shares of the company’s stock worth $54,000 after buying an additional 1,176 shares in the last quarter. 85.11% of the stock is owned by institutional investors.

Cactus Price Performance

Shares of Cactus stock opened at $67.24 on Wednesday. The company has a quick ratio of 1.81, a current ratio of 2.59 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 57.47, a price-to-earnings-growth ratio of 2.40 and a beta of 1.36. Cactus has a twelve month low of $33.20 and a twelve month high of $74.07. The company has a 50-day simple moving average of $59.23 and a two-hundred day simple moving average of $56.14.

Cactus (NYSE:WHDGet Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.29. Cactus had a net margin of 6.01% and a return on equity of 16.66%. The firm had revenue of $449.53 million for the quarter, compared to analyst estimates of $400.82 million. During the same quarter in the prior year, the business posted $0.66 EPS. The business’s revenue was up 64.3% compared to the same quarter last year. Analysts forecast that Cactus will post 3.12 EPS for the current year.

Cactus Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 31st will be given a dividend of $0.15 per share. This is a positive change from Cactus’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, August 31st. Cactus’s dividend payout ratio (DPR) is currently 47.86%.

About Cactus

(Get Free Report)

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.

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Analyst Recommendations for Cactus (NYSE:WHD)

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