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

Shares of Cactus, Inc. (NYSE:WHD) have been assigned a consensus rating of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $56.40.

Several equities analysts have recently issued reports on the stock. Barclays cut shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price objective on the stock. in a research note on Monday, November 4th. Bank of America increased their price objective on Cactus from $44.00 to $48.00 and gave the company an “underperform” rating in a research report on Monday, October 14th. Finally, Stifel Nicolaus decreased their target price on Cactus from $69.00 to $67.00 and set a “buy” rating on the stock in a report on Friday, October 11th.

Insider Activity

In other news, Director Bruce M. Rothstein sold 5,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $65.22, for a total value of $326,100.00. Following the transaction, the director now owns 12,177 shares in the company, valued at $794,183.94. This represents a 29.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Steven Bender sold 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $65.35, for a total transaction of $6,535,000.00. Following the sale, the chief operating officer now owns 57,567 shares of the company’s stock, valued at approximately $3,762,003.45. This represents a 63.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 138,500 shares of company stock worth $8,916,325 over the last quarter. Corporate insiders own 16.84% of the company’s stock.

Hedge Funds Weigh In On Cactus

Several institutional investors and hedge funds have recently modified their holdings of WHD. Quest Partners LLC acquired a new stake in Cactus during the third quarter valued at $34,000. GAMMA Investing LLC raised its stake in shares of Cactus by 81.5% during the 3rd quarter. GAMMA Investing LLC now owns 2,441 shares of the company’s stock worth $146,000 after purchasing an additional 1,096 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Cactus during the 3rd quarter worth about $177,000. Nisa Investment Advisors LLC lifted its holdings in shares of Cactus by 10.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,148 shares of the company’s stock valued at $188,000 after buying an additional 307 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan bought a new stake in shares of Cactus in the 3rd quarter valued at approximately $209,000. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Cactus Stock Performance

WHD opened at $57.35 on Thursday. The business has a 50 day moving average price of $63.19 and a two-hundred day moving average price of $59.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 2.98 and a beta of 1.97. Cactus has a 1-year low of $37.58 and a 1-year high of $70.01.

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

Cactus Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.91%. The ex-dividend date was Monday, December 2nd. Cactus’s dividend payout ratio (DPR) is currently 18.44%.

About Cactus

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.