Cactus (NYSE:WHD) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• Cactus (NYSE:WHD) received a "hold (C)" rating from Weiss Ratings, reflecting a cautious outlook amid mixed opinions from various brokerages regarding the stock's performance.
• Recent quarterly earnings show that Cactus reported $0.66 EPS, slightly missing consensus estimates, alongside a revenue drop of 5.8% year-over-year.
• Insider trading activity revealed that EVP William D. Marsh sold over 10,000 shares, indicating a significant decrease in his ownership by nearly 48%.

Cactus (NYSE:WHD - Get Free Report)'s stock had its "hold (c)" rating reissued by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other brokerages have also recently commented on WHD. Wall Street Zen upgraded shares of Cactus from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Zacks Research cut shares of Cactus from a "hold" rating to a "strong sell" rating in a research report on Monday, September 8th. Stifel Nicolaus decreased their price objective on shares of Cactus from $57.00 to $53.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Finally, Barclays restated an "overweight" rating and issued a $52.00 price objective (down previously from $53.00) on shares of Cactus in a research report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $50.75.

Cactus Stock Performance

Shares of Cactus stock traded up $0.01 on Wednesday, reaching $36.45. 241,552 shares of the company traded hands, compared to its average volume of 708,977. Cactus has a 52 week low of $33.80 and a 52 week high of $70.01. The company has a 50 day moving average of $40.41 and a 200 day moving average of $41.91. The firm has a market capitalization of $2.91 billion, a PE ratio of 13.76, a PEG ratio of 3.52 and a beta of 1.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.85 and a quick ratio of 3.48.

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

Insiders Place Their Bets

In related news, EVP William D. Marsh sold 10,172 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $41.32, for a total transaction of $420,307.04. Following the transaction, the executive vice president owned 11,088 shares in the company, valued at $458,156.16. This represents a 47.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 16.84% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cactus

Institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. grew its stake 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 acquiring an additional 543 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Cactus during the first quarter valued at $57,000. Financial Harvest LLC purchased a new position in Cactus during the first quarter valued at $130,000. CWM LLC grew its stake in Cactus by 131.7% during the second quarter. CWM LLC now owns 2,966 shares of the company's stock valued at $130,000 after acquiring an additional 1,686 shares in the last quarter. Finally, KBC Group NV grew its stake in Cactus by 11.9% during the first quarter. KBC Group NV now owns 3,373 shares of the company's stock valued at $155,000 after acquiring an additional 360 shares in the last quarter. 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.

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