Cactus, Inc. (NYSE:WHD) Stock Rated “Hold” by Sell-Side Analysts

Cactus, Inc. (NYSE:WHD) has received an average rating of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $66.60.

WHD has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Cactus from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Citigroup lowered their price objective on shares of Cactus from $75.00 to $73.00 and set a “neutral” rating for the company in a research note on Wednesday, September 30th. Barclays upped their price objective on Cactus from $74.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, October 15th. Stifel Nicolaus upped their price target on Cactus from $68.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Piper Sandler raised their price objective on Cactus from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th.

Insider Buying and Selling at Cactus

In other Cactus news, CEO Steven Bender sold 25,000 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $67.65, for a total transaction of $1,691,250.00. Following the transaction, the chief executive officer owned 99,241 shares in the company, valued at $6,713,653.65. The trade was a 20.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Scott Bender sold 100,000 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $61.97, for a total value of $6,197,000.00. Following the sale, the chief executive officer owned 120,527 shares in the company, valued at approximately $7,469,058.19. The trade was a 45.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 463,455 shares of company stock worth $29,495,764 over the last three months. 12.91% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. SteelPeak Wealth LLC acquired a new stake in Cactus during the 3rd quarter valued at $211,000. Sax Wealth Advisors LLC purchased a new stake in shares of Cactus during the third quarter worth about $277,000. GAMMA Investing LLC increased its position in shares of Cactus by 45.3% during the third quarter. GAMMA Investing LLC now owns 3,678 shares of the company’s stock worth $229,000 after acquiring an additional 1,146 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Cactus by 134.4% in the third quarter. Farther Finance Advisors LLC now owns 3,448 shares of the company’s stock worth $215,000 after acquiring an additional 1,977 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in Cactus in the second quarter valued at about $250,000. 85.11% of the stock is owned by institutional investors and hedge funds.

Cactus Trading Up 2.8%

Shares of WHD opened at $64.20 on Thursday. Cactus has a fifty-two week low of $37.15 and a fifty-two week high of $74.07. The company has a market capitalization of $5.15 billion, a PE ratio of 54.88, a price-to-earnings-growth ratio of 1.67 and a beta of 1.42. The stock has a fifty day moving average of $67.03 and a two-hundred day moving average of $60.28. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.81 and a current ratio of 2.59.

Cactus (NYSE:WHD) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.29. The business had revenue of $449.53 million for the quarter, compared to analysts’ expectations of $400.82 million. Cactus had a return on equity of 16.66% and a net margin of 6.01%. The business’s revenue was up 64.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 earnings per share. As a group, analysts forecast that Cactus will post 3.08 EPS for the current year.

Cactus Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Monday, August 31st were paid a dividend of $0.15 per share. This is an increase from Cactus’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, August 31st. Cactus’s payout ratio is presently 51.28%.

Cactus Company Profile

Cactus, Inc (NYSE: WHD) designs, manufactures, sells and rents wellhead and pressure-control equipment used in onshore oil and gas drilling and production. Its products are designed to help operators manage pressure and control access to wells during drilling, completion and production activities.

The company’s offerings include wellhead systems, frac stacks, zipper manifolds and other pressure-control equipment. Cactus also provides field services, including equipment installation, maintenance and support, as well as rental services for selected products.