Cactus, Inc. (NYSE:WHD) Receives Average Recommendation of "Hold" from Brokerages

Shares of Cactus, Inc. (NYSE:WHD - Get Free Report) have been given an average rating of "Hold" by the six brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $52.50.

WHD has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on Cactus from $52.00 to $50.00 and set a "neutral" rating for the company in a report on Wednesday, May 28th. Barclays upgraded Cactus from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $51.00 to $54.00 in a report on Wednesday, June 4th. Finally, Stifel Nicolaus decreased their target price on Cactus from $61.00 to $57.00 and set a "buy" rating for the company in a research report on Friday, May 2nd.

Cactus Stock Up 0.1%

NYSE:WHD traded up $0.05 on Friday, reaching $46.14. 599,112 shares of the stock traded hands, compared to its average volume of 787,148. 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 company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 5.13 and a beta of 1.49. Cactus has a 12 month low of $33.80 and a 12 month high of $70.01. The company's fifty day simple moving average is $40.78 and its 200 day simple moving average is $51.27.

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

Cactus Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.13%. Cactus's dividend payout ratio (DPR) is currently 18.51%.

Institutional Trading of Cactus

Several large investors have recently modified their holdings of the company. Rhumbline Advisers boosted its position in Cactus by 0.7% in the first quarter. Rhumbline Advisers now owns 195,038 shares of the company's stock worth $8,939,000 after purchasing an additional 1,270 shares during the last quarter. Strs Ohio purchased a new stake in shares of Cactus during the 1st quarter valued at about $5,215,000. Intech Investment Management LLC lifted its stake in shares of Cactus by 40.5% in the 1st quarter. Intech Investment Management LLC now owns 36,205 shares of the company's stock worth $1,659,000 after purchasing an additional 10,444 shares during the period. Jane Street Group LLC boosted its holdings in shares of Cactus by 482.7% in the first quarter. Jane Street Group LLC now owns 238,879 shares of the company's stock worth $10,948,000 after buying an additional 197,887 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Cactus by 26.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,931 shares of the company's stock worth $10,400,000 after buying an additional 46,835 shares during the last quarter. 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.