Cactus, Inc. (NYSE:WHD) Receives Consensus Rating of “Hold” from Analysts

Cactus, Inc. (NYSE:WHD) has been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat reports. 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. The average twelve-month price objective among brokerages that have covered the stock in the last year is $55.00.

Separately, Barclays lowered their price target on shares of Cactus from $61.00 to $54.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 5th.

Institutional Investors Weigh In On Cactus

A number of large investors have recently bought and sold shares of the company. Illinois Municipal Retirement Fund grew its position in Cactus by 0.5% in the fourth quarter. Illinois Municipal Retirement Fund now owns 37,412 shares of the company’s stock valued at $2,183,000 after acquiring an additional 169 shares during the last quarter. State of Tennessee Department of Treasury grew its holdings in shares of Cactus by 0.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 35,828 shares of the company’s stock valued at $2,091,000 after purchasing an additional 177 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in Cactus by 1.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 10,382 shares of the company’s stock worth $606,000 after purchasing an additional 180 shares in the last quarter. New York State Teachers Retirement System lifted its stake in Cactus by 1.3% in the 4th quarter. New York State Teachers Retirement System now owns 15,700 shares of the company’s stock valued at $916,000 after purchasing an additional 200 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Cactus by 7.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,369 shares of the company’s stock valued at $197,000 after buying an additional 221 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Cactus Stock Down 7.7 %

WHD opened at $37.51 on Friday. The stock’s fifty day simple moving average is $52.64 and its 200 day simple moving average is $58.93. Cactus has a 1-year low of $35.35 and a 1-year high of $70.01. The stock has a market cap of $2.98 billion, a PE ratio of 13.30, a price-to-earnings-growth ratio of 5.13 and a beta of 1.74. The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.71 earnings per share 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 net margin of 16.57% and a return on equity of 20.24%. As a group, research analysts expect that Cactus will post 3.08 earnings per share for the current year.

Cactus Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were issued a $0.13 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.52 annualized dividend and a yield of 1.39%. Cactus’s dividend payout ratio is presently 18.84%.

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.