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

Cactus, Inc. (NYSE:WHD - Get Free Report) has been assigned an average rating of "Hold" from the seven brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $53.80.

A number of research firms have recently commented on WHD. Stifel Nicolaus reduced their price target on shares of Cactus from $64.00 to $61.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Barclays dropped their price target on Cactus from $61.00 to $54.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 5th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Emerald Advisers LLC raised its position in Cactus by 20.6% in the 4th quarter. Emerald Advisers LLC now owns 307,315 shares of the company's stock worth $17,935,000 after purchasing an additional 52,552 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Cactus by 4.4% in the fourth quarter. Principal Financial Group Inc. now owns 357,313 shares of the company's stock worth $20,853,000 after buying an additional 15,035 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Cactus by 1.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company's stock valued at $185,155,000 after acquiring an additional 52,085 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Cactus by 2.0% in the 4th 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. Finally, Raymond James Financial Inc. purchased a new stake in Cactus during the 4th quarter valued at about $16,377,000. 85.11% of the stock is owned by hedge funds and other institutional investors.

Cactus Stock Up 0.5 %

Shares of NYSE WHD traded up $0.21 during midday trading on Thursday, hitting $38.83. 50,408 shares of the stock traded hands, compared to its average volume of 776,568. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. The business has a 50 day moving average price of $44.31 and a two-hundred day moving average price of $55.85. Cactus has a one year low of $33.80 and a one year high of $70.01. The company has a market cap of $3.09 billion, a PE ratio of 13.77, a P/E/G ratio of 5.13 and a beta of 1.74.

Cactus (NYSE:WHD - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.01). The company had revenue of $272.12 million during the quarter, compared to the consensus estimate of $277.59 million. Cactus had a return on equity of 20.24% and a net margin of 16.57%. On average, equities analysts predict that Cactus will post 3.08 EPS for the current year.

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.