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

Cactus, Inc. (NYSE:WHD) has received a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One 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 1 year price target among analysts that have issued ratings on the stock in the last year is $56.40.

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

Cactus Price Performance

WHD stock opened at $66.97 on Friday. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $5.33 billion, a PE ratio of 23.75, a P/E/G ratio of 3.17 and a beta of 1.97. Cactus has a 12-month low of $37.58 and a 12-month high of $70.01. The business’s fifty day moving average price is $63.25 and its 200 day moving average price is $58.33.

Cactus (NYSE:WHD) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.04. The firm had revenue of $293.18 million for the quarter, compared to the consensus estimate of $287.47 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 EPS. On average, sell-side analysts anticipate that Cactus will post 3.08 EPS for the current year.

Cactus Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.13 per share. The ex-dividend date is Monday, December 2nd. This represents a $0.52 annualized dividend and a dividend yield of 0.78%. Cactus’s dividend payout ratio is currently 18.44%.

Insider Transactions at Cactus

In other news, CEO Stephen Tadlock sold 33,500 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $61.35, for a total value of $2,055,225.00. Following the completion of the sale, the chief executive officer now directly owns 36,357 shares of the company’s stock, valued at approximately $2,230,501.95. The trade was a 47.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bruce M. Rothstein sold 5,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $65.22, for a total value of $326,100.00. Following the completion of the sale, the director now directly owns 12,177 shares of the company’s stock, valued at $794,183.94. The trade was a 29.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 138,500 shares of company stock valued at $8,916,325. 16.84% of the stock is currently owned by corporate insiders.

Institutional Trading of Cactus

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC raised its stake in Cactus by 9.1% during the 3rd quarter. Tidal Investments LLC now owns 31,204 shares of the company’s stock valued at $1,862,000 after acquiring an additional 2,591 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Cactus during the 3rd quarter valued at approximately $177,000. Geode Capital Management LLC raised its stake in Cactus by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,758,286 shares of the company’s stock valued at $104,934,000 after acquiring an additional 106,819 shares during the last quarter. Barclays PLC raised its stake in Cactus by 429.4% during the 3rd quarter. Barclays PLC now owns 123,562 shares of the company’s stock valued at $7,373,000 after acquiring an additional 100,223 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in Cactus during the 3rd quarter valued at approximately $596,000. 85.11% of the stock is owned by hedge funds and other institutional investors.

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.