Cactus, Inc. (NYSE:WHD) Receives $50.75 Average PT from Brokerages

Key Points

• Cactus, Inc. has received a consensus recommendation of "Hold" from analysts, with a 12-month price target averaging $50.75.
• Insider William D. Marsh sold 10,172 shares of Cactus stock, reducing his position by nearly 48%.
• The company announced a quarterly dividend increase, paying $0.14 per share, representing an annual yield of 1.4%.

Shares of Cactus, Inc. (NYSE:WHD - Get Free Report) have been assigned an average rating of "Hold" from the five analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $50.75.

WHD has been the topic of several research analyst reports. Barclays restated an "overweight" rating and issued a $52.00 price objective (down from $53.00) on shares of Cactus in a research report on Monday, August 4th. Wall Street Zen upgraded Cactus from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. JPMorgan Chase & Co. lowered 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. Stifel Nicolaus decreased their price objective on Cactus from $57.00 to $53.00 and set a "buy" rating for the company in a report on Friday, August 1st. Finally, Zacks Research downgraded Cactus from a "hold" rating to a "strong sell" rating in a research report on Monday.

Insider Buying and Selling

In other Cactus news, EVP William D. Marsh sold 10,172 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $41.32, for a total value of $420,307.04. Following the completion of the sale, the executive vice president owned 11,088 shares in the company, valued at approximately $458,156.16. This represents a 47.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 13.75% of the company's stock.

Institutional Trading of Cactus

A number of hedge funds have recently bought and sold shares of WHD. Advisors Asset Management Inc. raised its holdings 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 acquiring an additional 543 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Cactus during the 1st quarter worth approximately $57,000. Financial Harvest LLC acquired a new stake in shares of Cactus during the 1st quarter worth approximately $130,000. CWM LLC increased its holdings in shares of Cactus by 131.7% during the 2nd quarter. CWM LLC now owns 2,966 shares of the company's stock worth $130,000 after buying an additional 1,686 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Cactus by 11.9% during the 1st quarter. KBC Group NV now owns 3,373 shares of the company's stock worth $155,000 after buying an additional 360 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company's stock.

Cactus Trading Down 4.1%

WHD stock traded down $1.72 during trading on Wednesday, hitting $40.00. 560,876 shares of the company traded hands, compared to its average volume of 585,326. Cactus has a 1 year low of $33.80 and a 1 year high of $70.01. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.48 and a current ratio of 4.85. The firm has a market capitalization of $3.19 billion, a PE ratio of 15.09, a P/E/G ratio of 3.94 and a beta of 1.53. The company has a 50-day moving average of $42.29 and a 200-day moving average of $42.90.

Cactus (NYSE:WHD - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). Cactus had a net margin of 16.19% and a return on equity of 17.34%. The company had revenue of $273.58 million for the quarter, compared to analysts' expectations of $280.28 million. During the same quarter last year, the firm posted $0.81 earnings per share. Cactus's revenue for the quarter was down 5.8% on a year-over-year basis. Analysts predict that Cactus will post 3.08 earnings per share for the current fiscal year.

Cactus Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Friday, August 29th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, August 29th. This is a positive change from Cactus's previous quarterly dividend of $0.13. Cactus's payout ratio is currently 21.13%.

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.