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

Cactus, Inc. (NYSE:WHD) has been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One research 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 1-year price objective among brokers that have issued a report on the stock in the last year is $55.00.

Separately, Barclays reduced their target price on Cactus from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 5th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Quest Partners LLC purchased a new position in Cactus during the third quarter worth approximately $34,000. Charles Schwab Investment Management Inc. increased its stake in shares of Cactus by 8.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 687,816 shares of the company’s stock worth $41,042,000 after acquiring an additional 53,318 shares during the last quarter. Citigroup Inc. raised its holdings in shares of Cactus by 81.2% during the 3rd quarter. Citigroup Inc. now owns 89,464 shares of the company’s stock worth $5,338,000 after acquiring an additional 40,099 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Cactus by 0.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 36,560 shares of the company’s stock valued at $2,182,000 after acquiring an additional 301 shares during the last quarter. Finally, Townsquare Capital LLC grew its holdings in shares of Cactus by 9.8% in the third quarter. Townsquare Capital LLC now owns 60,507 shares of the company’s stock valued at $3,610,000 after purchasing an additional 5,379 shares during the period. 85.11% of the stock is owned by hedge funds and other institutional investors.

Cactus Stock Performance

WHD opened at $45.73 on Friday. The company has a market cap of $3.64 billion, a P/E ratio of 16.22, a price-to-earnings-growth ratio of 5.13 and a beta of 2.05. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average price is $54.62 and its 200-day moving average price is $59.41. Cactus has a 52-week low of $43.27 and a 52-week high of $70.01.

Cactus (NYSE:WHD) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.01). The company had revenue of $272.12 million during the quarter, compared to analysts’ expectations of $277.59 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. As a group, equities analysts anticipate that Cactus will post 3.08 EPS for the current fiscal year.

Cactus Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 3rd were paid a dividend of $0.13 per share. The ex-dividend date was Monday, March 3rd. This represents a $0.52 annualized dividend and a yield of 1.14%. Cactus’s dividend payout ratio is presently 18.84%.

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.