Cactus, Inc. (NYSE:WHD) Receives Consensus Rating of “Hold” from Brokerages

Shares of Cactus, Inc. (NYSE:WHD) have been assigned an average rating of “Hold” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $56.40.

A number of equities research analysts have commented on WHD shares. Stifel Nicolaus decreased their target price on shares of Cactus from $69.00 to $67.00 and set a “buy” rating on the stock in a research note on Friday, October 11th. Bank of America lifted their target price on shares of Cactus from $44.00 to $48.00 and gave the company an “underperform” rating in a research note on Monday, October 14th. Finally, Barclays lowered Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price target for the company. in a research note on Monday, November 4th.

Insider Buying and Selling at Cactus

In other news, Director Bruce M. Rothstein sold 5,000 shares of Cactus 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 sale, the director now directly owns 12,177 shares of the company’s stock, valued at approximately $794,183.94. The trade was a 29.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Steven Bender sold 100,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $65.35, for a total value of $6,535,000.00. Following the completion of the sale, the chief operating officer now owns 57,567 shares in the company, valued at $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. In the last ninety days, insiders have sold 138,500 shares of company stock worth $8,916,325. Insiders own 17.71% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of WHD. Tidal Investments LLC raised its stake in Cactus by 9.1% during the third quarter. Tidal Investments LLC now owns 31,204 shares of the company’s stock valued at $1,862,000 after purchasing an additional 2,591 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Cactus during the 3rd quarter valued at about $177,000. Geode Capital Management LLC lifted its holdings in shares of Cactus by 6.5% in 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 lifted its holdings in shares of Cactus by 429.4% in 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 position in Cactus in the third quarter worth about $596,000. 85.11% of the stock is owned by hedge funds and other institutional investors.

Cactus Trading Up 1.4 %

NYSE:WHD opened at $68.66 on Friday. Cactus has a one year low of $37.58 and a one year high of $70.01. The business has a fifty day moving average price of $63.09 and a 200-day moving average price of $58.02. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 3.19 and a beta of 1.95. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67.

Cactus (NYSE:WHD) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $287.47 million. During the same quarter in the prior year, the business posted $0.80 earnings per share. The business’s quarterly revenue was up 1.8% on a year-over-year basis. Sell-side 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 will be paid on Thursday, December 19th. Investors of record on Monday, December 2nd will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.52 annualized dividend and a yield of 0.76%. Cactus’s payout ratio is 18.44%.

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.