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

Cactus, Inc. (NYSE:WHD) has been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $50.20.

A number of brokerages have recently issued reports on WHD. Bank of America upgraded shares of Cactus from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $39.00 to $40.00 in a report on Wednesday, October 29th. Citigroup upgraded Cactus from a “neutral” rating to a “buy” rating and upped their price objective for the company from $45.00 to $55.00 in a report on Thursday, December 11th. Wall Street Zen raised Cactus from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Weiss Ratings restated a “hold (c)” rating on shares of Cactus in a research report on Monday. Finally, Zacks Research raised Cactus from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd.

Cactus Stock Down 1.2%

Shares of WHD opened at $45.96 on Friday. Cactus has a 52-week low of $33.20 and a 52-week high of $65.35. The company has a quick ratio of 3.74, a current ratio of 5.28 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $42.85 and a two-hundred day simple moving average of $42.24. The company has a market capitalization of $3.67 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 4.96 and a beta of 1.29.

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

Cactus Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Monday, December 1st were given a $0.14 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.56 dividend on an annualized basis and a yield of 1.2%. Cactus’s dividend payout ratio is presently 22.31%.

Institutional Investors Weigh In On Cactus

Institutional investors and hedge funds have recently made changes to their positions in the stock. Salomon & Ludwin LLC purchased a new position in shares of Cactus during the 3rd quarter worth approximately $25,000. EverSource Wealth Advisors LLC lifted its stake in Cactus by 67.6% during the third quarter. EverSource Wealth Advisors LLC now owns 642 shares of the company’s stock worth $25,000 after purchasing an additional 259 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in Cactus during the third quarter worth $33,000. Huntington National Bank boosted its position in shares of Cactus by 55.4% during the third quarter. Huntington National Bank now owns 1,094 shares of the company’s stock worth $43,000 after buying an additional 390 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in shares of Cactus by 113.8% during the first quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock worth $47,000 after buying an additional 543 shares during the period. 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. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells.