Cactus, Inc. (NYSE:WHD) Receives $52.33 Average PT from Brokerages

Shares of Cactus, Inc. (NYSE:WHD - Get Free Report) have been given a consensus recommendation of "Hold" by the seven brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $52.33.

A number of research firms have recently weighed in on WHD. Barclays cut their price target on Cactus from $54.00 to $51.00 and set an "equal weight" rating on the stock in a report on Friday, May 2nd. Stifel Nicolaus cut their price target on Cactus from $61.00 to $57.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, JPMorgan Chase & Co. cut their price target on Cactus from $54.00 to $52.00 and set a "neutral" rating on the stock in a report on Tuesday, May 6th.

Cactus Stock Performance

Shares of WHD traded up $0.10 during mid-day trading on Monday, reaching $41.54. 740,547 shares of the company's stock traded hands, compared to its average volume of 799,978. The business's 50-day moving average price is $41.05 and its 200-day moving average price is $53.40. The stock has a market capitalization of $3.32 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 5.13 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. Cactus has a 12 month low of $33.80 and a 12 month high of $70.01.

Cactus (NYSE:WHD - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.03. The company had revenue of $280.32 million for the quarter, compared to analysts' expectations of $272.22 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The business's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.75 earnings per share. Equities analysts predict that Cactus will post 3.08 earnings per share for the current year.

Cactus Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Monday, June 2nd. Cactus's dividend payout ratio is presently 18.51%.

Institutional Investors Weigh In On Cactus

Large investors have recently modified their holdings of the stock. Oarsman Capital Inc. bought a new stake in shares of Cactus during the 4th quarter worth $26,000. Smartleaf Asset Management LLC boosted its stake in shares of Cactus by 74.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company's stock worth $30,000 after acquiring an additional 223 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Cactus by 113.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company's stock worth $47,000 after acquiring an additional 543 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Cactus by 66.9% during the 4th quarter. Jones Financial Companies Lllp now owns 841 shares of the company's stock worth $49,000 after acquiring an additional 337 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Cactus during the 1st quarter worth $57,000. 85.11% of the stock is owned by institutional investors.

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.