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

Cactus, Inc. (NYSE:WHD - Get Free Report) has received an average recommendation of "Hold" from the seven research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $52.33.

Several equities research analysts have weighed in on WHD shares. Stifel Nicolaus lowered their price objective on shares of Cactus from $61.00 to $57.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Barclays lowered their price objective on shares of Cactus from $54.00 to $51.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Cactus from $54.00 to $52.00 and set a "neutral" rating for the company in a research report on Tuesday, May 6th.

Cactus Trading Down 0.6%

WHD opened at $43.58 on Monday. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $3.47 billion, a PE ratio of 15.45, a PEG ratio of 5.13 and a beta of 1.50. Cactus has a 1-year low of $33.80 and a 1-year high of $70.01. The firm has a 50-day moving average price of $41.36 and a two-hundred day moving average price of $54.08.

Cactus (NYSE:WHD - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.03. The firm had revenue of $280.32 million during the quarter, compared to analysts' expectations of $272.22 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. The company's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 EPS. As a group, equities analysts anticipate that Cactus will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 2nd will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Monday, June 2nd. Cactus's dividend payout ratio (DPR) is presently 18.51%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Oarsman Capital Inc. bought a new position in shares of Cactus in the 4th quarter valued at about $26,000. Smartleaf Asset Management LLC boosted its stake in shares of Cactus by 74.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company's stock valued at $30,000 after purchasing an additional 223 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in 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 during the last quarter. Advisors Asset Management Inc. grew its holdings in Cactus by 113.8% during the first quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company's stock valued at $47,000 after purchasing an additional 543 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Cactus during the first quarter valued at approximately $57,000. Institutional investors own 85.11% of the company's stock.

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.

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