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

Shares of Cactus, Inc. (NYSE:WHD) have been assigned an average rating of “Hold” from the seven analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $55.40.

Several research firms have commented on WHD. Barclays lifted their price target on shares of Cactus from $56.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Citigroup lifted their price target on shares of Cactus from $48.00 to $52.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Piper Sandler cut their target price on shares of Cactus from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. Finally, Stifel Nicolaus cut their target price on shares of Cactus from $69.00 to $67.00 and set a “buy” rating on the stock in a report on Friday.

Cactus Trading Up 0.6 %

WHD stock opened at $62.97 on Friday. The company has a market capitalization of $5.01 billion, a PE ratio of 21.86, a price-to-earnings-growth ratio of 2.27 and a beta of 1.95. Cactus has a one year low of $37.58 and a one year high of $64.96. The company’s 50 day moving average price is $59.53 and its two-hundred day moving average price is $54.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.59 and a current ratio of 3.75.

Cactus (NYSE:WHD) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.72 by $0.09. The firm had revenue of $290.39 million for the quarter, compared to the consensus estimate of $276.76 million. Cactus had a net margin of 16.88% and a return on equity of 21.22%. The business’s revenue was down 5.0% compared to the same quarter last year. During the same period last year, the firm posted $0.84 earnings per share. As a group, analysts predict that Cactus will post 3.04 earnings per share for the current fiscal year.

Cactus Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 12th. Stockholders of record on Monday, August 26th were issued a $0.13 dividend. This is a boost from Cactus’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.52 annualized dividend and a dividend yield of 0.83%. Cactus’s dividend payout ratio (DPR) is currently 18.06%.

Institutional Trading of Cactus

Several large investors have recently added to or reduced their stakes in WHD. GAMMA Investing LLC boosted its holdings in Cactus by 27.5% in the first quarter. GAMMA Investing LLC now owns 1,005 shares of the company’s stock valued at $50,000 after acquiring an additional 217 shares in the last quarter. SG Americas Securities LLC bought a new stake in Cactus in the first quarter valued at $115,000. Covestor Ltd boosted its holdings in Cactus by 251.8% in the first quarter. Covestor Ltd now owns 2,508 shares of the company’s stock valued at $126,000 after acquiring an additional 1,795 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in Cactus in the first quarter valued at $182,000. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in Cactus in the first quarter valued at $202,000. 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.