Cactus, Inc. (NYSE:WHD) Receives $62.60 Consensus PT from Analysts

Cactus, Inc. (NYSE:WHD) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $63.00.

A number of equities analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Cactus from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Citigroup lifted their price target on shares of Cactus from $63.00 to $65.00 and gave the company a “buy” rating in a report on Monday, May 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $68.00 price target (up from $66.00) on shares of Cactus in a report on Tuesday. Wall Street Zen downgraded shares of Cactus from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Barclays lifted their price target on shares of Cactus from $62.00 to $70.00 and gave the company an “overweight” rating in a report on Monday, May 11th.

Insiders Place Their Bets

In other Cactus news, Director Michael Y. Mcgovern sold 12,000 shares of Cactus stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $56.57, for a total value of $678,840.00. Following the sale, the director directly owned 15,990 shares in the company, valued at approximately $904,554.30. The trade was a 42.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alan Semple sold 10,206 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $56.62, for a total transaction of $577,863.72. Following the completion of the transaction, the director directly owned 29,444 shares of the company’s stock, valued at approximately $1,667,119.28. This trade represents a 25.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 12.91% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its holdings in shares of Cactus by 67.6% in the third quarter. EverSource Wealth Advisors LLC now owns 642 shares of the company’s stock valued at $25,000 after purchasing an additional 259 shares in the last quarter. Aster Capital Management DIFC Ltd grew its holdings in shares of Cactus by 73.4% in the fourth 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. Johnson Financial Group Inc. purchased a new position in shares of Cactus in the third quarter valued at $33,000. Advisors Asset Management Inc. grew its holdings in shares of Cactus by 113.8% in the first 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 in the last quarter. Finally, Huntington National Bank grew its holdings in shares of Cactus by 55.4% in the third quarter. Huntington National Bank now owns 1,094 shares of the company’s stock valued at $43,000 after purchasing an additional 390 shares in the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Cactus Price Performance

NYSE WHD opened at $57.55 on Friday. Cactus has a 12 month low of $33.20 and a 12 month high of $64.30. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 54.29, a PEG ratio of 2.30 and a beta of 1.37. The company’s 50 day moving average is $56.79 and its two-hundred day moving average is $52.62. The company has a current ratio of 2.61, a quick ratio of 1.71 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD) last released its earnings results on Thursday, May 7th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. The company had revenue of $388.35 million for the quarter, compared to analysts’ expectations of $380.42 million. Cactus had a net margin of 6.17% and a return on equity of 15.43%. The firm’s revenue was up 38.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.73 EPS. As a group, research analysts anticipate that Cactus will post 2.85 earnings per share for the current year.

Cactus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Monday, June 1st will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Monday, June 1st. Cactus’s payout ratio is currently 52.83%.

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.