Cactus - WHD Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cactus in the last twelve months. There are currently 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" WHD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WHD, but not buy additional shares or sell existing shares.
View WHD analyst ratings or view top-rated stocks.

8 Wall Street research analysts have issued twelve-month target prices for Cactus' stock. Their WHD share price forecasts range from $48.00 to $62.00. On average, they expect the company's stock price to reach $56.17 in the next twelve months. This suggests a possible upside of 10.2% from the stock's current price.
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Cactus' stock was trading at $38.13 at the start of the year. Since then, WHD stock has increased by 33.7% and is now trading at $50.97.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 27th 2023.
View our WHD earnings forecast.

Cactus, Inc. (NYSE:WHD) announced its earnings results on Monday, November, 7th. The company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.03. The business had revenue of $184.50 million for the quarter, compared to analysts' expectations of $183.08 million. Cactus had a net margin of 14.94% and a trailing twelve-month return on equity of 14.60%. The business's revenue was up 59.9% compared to the same quarter last year. During the same period last year, the business earned $0.19 earnings per share.

Cactus announced a quarterly dividend on Monday, November 7th. Shareholders of record on Monday, November 28th will be paid a dividend of $0.11 per share on Thursday, December 15th. This represents a $0.44 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Friday, November 25th.
Read our dividend analysis for WHD.

Cactus (NYSE:WHD) pays an annual dividend of $0.44 per share and currently has a dividend yield of 0.84%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 28.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WHD will have a dividend payout ratio of 18.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WHD.

14 employees have rated Cactus Chief Executive Officer Scott Bender on Glassdoor.com. Scott Bender has an approval rating of 83% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Cactus investors own include NVIDIA (NVDA), Micron Technology (MU), AT&T (T), Alibaba Group (BABA), Enterprise Products Partners (EPD), Advanced Micro Devices (AMD), Mastercard (MA), AbbVie (ABBV), Boeing (BA) and BP (BP).

(WHD) raised $374 million in an initial public offering (IPO) on Thursday, February 8th 2018. The company issued 21,400,000 shares at $16.00-$19.00 per share. Citigroup and Credit Suisse acted as the underwriters for the IPO and Simmons & Company International (Energy Specialists of Piper Jaffray), J.P. Morgan, BofA Merrill Lynch, Tudor, Pickering, Holt & Barclays, RBC Capital Markets, Raymond James and Scotia Howard Weil were co-managers.

Cactus trades on the New York Stock Exchange (NYSE) under the ticker symbol "WHD."

Cactus' stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (7.68%), BlackRock Inc. (5.43%), Bank of New York Mellon Corp (3.37%), Alliancebernstein L.P. (2.89%), Price T Rowe Associates Inc. MD (2.62%) and Van ECK Associates Corp (2.60%). Insiders that own company stock include Alan Semple, Cadent Energy Partners Ii Lp, David John Isaac, Donna L Anderson, Gary L Rosenthal, Joel Bender, Michael Y Mcgovern, Scott Bender, Stephen Tadlock and Steven Bender.
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Shares of WHD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WHD stock can currently be purchased for approximately $50.97.

Cactus (NYSE:WHD) has a market capitalization of $3.87 billion and generates $438.59 million in revenue each year. The company earns $49.59 million in net income (profit) each year or $1.54 on an earnings per share basis.

The company employs 1,000 workers across the globe.

Cactus' mailing address is 920 MEMORIAL CITY WAY SUITE 300, HOUSTON TX, 77024. The official website for the company is cactuswellhead.com. The company can be reached via phone at (713) 626-8800 or via email at ir@cactuswhd.com.