Benchmark Reiterates Hold Rating for Cactus (NYSE:WHD)

Cactus (NYSE:WHD - Get Free Report)'s stock had its "hold" rating reiterated by research analysts at Benchmark in a research report issued on Monday, Benzinga reports.

Separately, Bank of America raised their target price on shares of Cactus from $40.00 to $43.00 and gave the stock an "underperform" rating in a report on Monday, April 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Cactus has an average rating of "Hold" and a consensus target price of $55.14.

Cactus Stock Performance

Shares of NYSE WHD traded up $1.04 during trading hours on Monday, reaching $51.69. 404,941 shares of the stock were exchanged, compared to its average volume of 601,432. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 20.59, a P/E/G ratio of 9.11 and a beta of 1.95. The stock's fifty day simple moving average is $49.33 and its 200 day simple moving average is $45.55. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.17 and a current ratio of 3.24. Cactus has a 52 week low of $31.36 and a 52 week high of $57.00.

Cactus (NYSE:WHD - Get Free Report) last posted its earnings results on Wednesday, May 1st. The company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.08. Cactus had a return on equity of 22.46% and a net margin of 14.46%. The company had revenue of $274.12 million during the quarter, compared to the consensus estimate of $270.70 million. During the same quarter last year, the firm earned $0.64 earnings per share. The company's revenue was up 20.0% on a year-over-year basis. Sell-side analysts predict that Cactus will post 2.87 EPS for the current year.

Insider Activity at Cactus

In other Cactus news, CEO Scott Bender sold 78,000 shares of the company's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $45.79, for a total transaction of $3,571,620.00. Following the completion of the sale, the chief executive officer now directly owns 20 shares in the company, valued at $915.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP William D. Marsh sold 1,700 shares of Cactus stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $46.20, for a total transaction of $78,540.00. Following the sale, the executive vice president now directly owns 3,911 shares of the company's stock, valued at approximately $180,688.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Scott Bender sold 78,000 shares of the company's stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $45.79, for a total transaction of $3,571,620.00. Following the transaction, the chief executive officer now owns 20 shares of the company's stock, valued at $915.80. The disclosure for this sale can be found here. 16.84% of the stock is currently owned by insiders.

Institutional Trading of Cactus

Hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Securities Inc. bought a new position in shares of Cactus in the 4th quarter valued at $30,000. NBC Securities Inc. acquired a new stake in shares of Cactus during the third quarter valued at about $36,000. GAMMA Investing LLC bought a new stake in shares of Cactus during the fourth quarter worth about $33,000. Signaturefd LLC increased its stake in shares of Cactus by 164.5% in the third quarter. Signaturefd LLC now owns 857 shares of the company's stock valued at $43,000 after buying an additional 533 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd bought a new position in Cactus in the 3rd quarter valued at approximately $70,000. 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.