Cactus, Inc. (NYSE:WHD) Given Average Rating of "Hold" by Analysts

Cactus, Inc. (NYSE:WHD - Get Free Report) has been assigned a consensus recommendation of "Hold" from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $52.33.

Several equities analysts recently weighed in on WHD shares. Barclays cut their price objective on Cactus from $54.00 to $53.00 and set an "overweight" rating for the company in a research report on Friday, June 20th. JPMorgan Chase & Co. cut their price target on Cactus from $52.00 to $50.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. Finally, Stifel Nicolaus dropped their target price on Cactus from $61.00 to $57.00 and set a "buy" rating for the company in a report on Friday, May 2nd.

Cactus Stock Performance

Shares of NYSE WHD opened at $43.92 on Tuesday. The business's 50-day moving average price is $43.37 and its two-hundred day moving average price is $48.81. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.85 and a quick ratio of 3.47. Cactus has a one year low of $33.80 and a one year high of $70.01. The company has a market capitalization of $3.51 billion, a P/E ratio of 15.63 and a beta of 1.48.

Cactus (NYSE:WHD - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.03. The company had revenue of $280.32 million during the quarter, compared to the consensus estimate of $272.22 million. Cactus had a return on equity of 18.99% and a net margin of 16.78%. The firm's revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.75 EPS. Analysts anticipate that Cactus will post 3.08 earnings per share for the current fiscal year.

Cactus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Monday, June 2nd. Cactus's dividend payout ratio is presently 18.51%.

Institutional Investors Weigh In On Cactus

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC increased its holdings in Cactus by 535.8% in the first quarter. SG Americas Securities LLC now owns 14,413 shares of the company's stock valued at $661,000 after purchasing an additional 12,146 shares during the period. Emerald Advisers LLC boosted its position in Cactus by 20.6% during the fourth quarter. Emerald Advisers LLC now owns 307,315 shares of the company's stock valued at $17,935,000 after acquiring an additional 52,552 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Cactus by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 701,485 shares of the company's stock valued at $40,939,000 after acquiring an additional 13,669 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Cactus during the fourth quarter valued at $16,377,000. Finally, Axiom Investors LLC DE boosted its position in Cactus by 26.0% during the fourth quarter. Axiom Investors LLC DE now owns 149,317 shares of the company's stock valued at $8,714,000 after acquiring an additional 30,851 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

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.

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