Brokerages Set Cactus, Inc. (NYSE:WHD) PT at $52.50

Shares of Cactus, Inc. (NYSE:WHD - Get Free Report) have earned a consensus recommendation of "Hold" from the six research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $52.50.

A number of equities analysts have recently weighed in on the company. Barclays raised Cactus from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $51.00 to $54.00 in a research report on Wednesday, June 4th. JPMorgan Chase & Co. lowered their price objective on shares of Cactus from $52.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, May 28th. Finally, Stifel Nicolaus lowered their target price on shares of Cactus from $61.00 to $57.00 and set a "buy" rating on the stock in a report on Friday, May 2nd.

Cactus Stock Down 0.5%

Shares of NYSE WHD traded down $0.21 during trading on Friday, hitting $45.96. 483,972 shares of the company traded hands, compared to its average volume of 781,725. The business's fifty day moving average is $41.22 and its 200 day moving average is $50.73. Cactus has a fifty-two week low of $33.80 and a fifty-two week high of $70.01. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 16.30, a P/E/G ratio of 5.13 and a beta of 1.49. 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 (NYSE:WHD - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.03. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The business had revenue of $280.32 million for the quarter, compared to the consensus estimate of $272.22 million. During the same period in the prior year, the business earned $0.75 EPS. The firm's revenue for the quarter was up 2.3% on a year-over-year basis. Equities research analysts predict that Cactus will post 3.08 earnings per share for the current fiscal year.

Cactus Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, June 2nd will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Monday, June 2nd. Cactus's payout ratio is currently 18.51%.

Institutional Investors Weigh In On Cactus

Institutional investors and hedge funds have recently bought and sold shares of the stock. Oarsman Capital Inc. purchased a new stake in shares of Cactus in the fourth quarter valued at about $26,000. Smartleaf Asset Management LLC increased its stake in 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 buying an additional 223 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Cactus by 113.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company's stock valued at $47,000 after buying an additional 543 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Cactus by 66.9% during the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company's stock valued at $49,000 after acquiring an additional 337 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Cactus during the first quarter valued at approximately $57,000. 85.11% of the stock is owned by hedge funds and other institutional investors.

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.