Brokerages Set Cactus, Inc. (NYSE:WHD) Price Target at $55.29

Cactus, Inc. (NYSE:WHD) has been given an average recommendation of “Hold” by the seven research firms that are currently covering the stock, MarketBeat reports. One 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 1-year price target among analysts that have issued ratings on the stock in the last year is $55.29.

Several research analysts have recently commented on WHD shares. Bank of America boosted their target price on Cactus from $40.00 to $43.00 and gave the stock an “underperform” rating in a report on Monday, April 15th. Benchmark cut Cactus from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Finally, Stifel Nicolaus lowered their target price on Cactus from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, January 3rd.

Insider Transactions at Cactus

In related news, EVP William D. Marsh sold 1,700 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $46.20, for a total value of $78,540.00. Following the transaction, the executive vice president now owns 3,911 shares in the company, valued at $180,688.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP William D. Marsh sold 1,700 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $46.20, for a total transaction of $78,540.00. Following the completion of the sale, the executive vice president now directly owns 3,911 shares of the company’s stock, valued at $180,688.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Scott Bender sold 78,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $45.79, for a total transaction of $3,571,620.00. Following the completion of the transaction, the chief executive officer now directly owns 20 shares in the company, valued at $915.80. The disclosure for this sale can be found here. 16.84% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cactus

A number of institutional investors have recently made changes to their positions in the stock. Principal Securities Inc. bought a new stake in Cactus in the fourth quarter valued at approximately $30,000. GAMMA Investing LLC bought a new stake in shares of Cactus in the 4th quarter valued at $33,000. NBC Securities Inc. acquired a new stake in Cactus during the 3rd quarter worth $36,000. Signaturefd LLC lifted its holdings in Cactus by 164.5% during the third quarter. Signaturefd LLC now owns 857 shares of the company’s stock worth $43,000 after acquiring an additional 533 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Cactus in the third quarter valued at about $70,000. 85.11% of the stock is owned by institutional investors and hedge funds.

Cactus Stock Up 1.3 %

Shares of NYSE:WHD opened at $51.22 on Friday. The company has a market capitalization of $4.06 billion, a PE ratio of 20.09, a P/E/G ratio of 9.10 and a beta of 1.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.00 and a current ratio of 3.17. The company’s fifty day moving average is $48.10 and its 200-day moving average is $45.46. Cactus has a 52 week low of $31.36 and a 52 week high of $57.00.

Cactus (NYSE:WHD) last released its quarterly earnings results on Thursday, February 29th. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13. The firm had revenue of $274.87 million for the quarter, compared to analyst estimates of $268.56 million. Cactus had a net margin of 15.42% and a return on equity of 22.69%. The company’s revenue for the quarter was up 46.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 earnings per share. Equities research analysts predict that Cactus will post 2.87 earnings per share for the current fiscal year.

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.