Brokerages Set Cactus, Inc. (NYSE:WHD) PT at $56.40

Cactus, Inc. (NYSE:WHD) has earned an average rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $56.40.

A number of research firms recently commented on WHD. Stifel Nicolaus dropped their price objective on Cactus from $69.00 to $67.00 and set a “buy” rating on the stock in a report on Friday, October 11th. Barclays downgraded shares of Cactus from an “overweight” rating to an “equal weight” rating and set a $61.00 price target on the stock. in a report on Monday, November 4th. Finally, Bank of America upped their price objective on shares of Cactus from $44.00 to $48.00 and gave the stock an “underperform” rating in a report on Monday, October 14th.

Cactus Stock Up 0.5 %

WHD stock opened at $57.54 on Thursday. The company has a 50 day moving average of $63.03 and a two-hundred day moving average of $59.73. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. Cactus has a 12-month low of $37.58 and a 12-month high of $70.01. The company has a market cap of $4.58 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 2.98 and a beta of 1.97.

Cactus (NYSE:WHD) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The firm had revenue of $293.18 million during the quarter, compared to analysts’ expectations of $287.47 million. During the same quarter last year, the firm earned $0.80 earnings per share. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, equities analysts anticipate that Cactus will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Monday, December 2nd were issued a dividend of $0.13 per share. The ex-dividend date was Monday, December 2nd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.90%. Cactus’s dividend payout ratio (DPR) is presently 18.44%.

Insider Buying and Selling at Cactus

In other Cactus news, Director Bruce M. Rothstein sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $65.22, for a total value of $326,100.00. Following the completion of the transaction, the director now owns 12,177 shares of the company’s stock, valued at $794,183.94. This represents a 29.11 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Steven Bender sold 100,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $65.35, for a total transaction of $6,535,000.00. Following the completion of the transaction, the chief operating officer now directly owns 57,567 shares of the company’s stock, valued at $3,762,003.45. This trade represents a 63.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 138,500 shares of company stock valued at $8,916,325 in the last ninety days. Company insiders own 17.71% of the company’s stock.

Institutional Trading of Cactus

Several institutional investors have recently bought and sold shares of the stock. Quest Partners LLC acquired a new stake in shares of Cactus in the 3rd quarter valued at $34,000. GAMMA Investing LLC boosted its position in Cactus by 81.5% in the third quarter. GAMMA Investing LLC now owns 2,441 shares of the company’s stock valued at $146,000 after buying an additional 1,096 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Cactus during the third quarter worth about $177,000. Nisa Investment Advisors LLC increased its holdings in shares of Cactus by 10.8% during the third quarter. Nisa Investment Advisors LLC now owns 3,148 shares of the company’s stock worth $188,000 after buying an additional 307 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan bought a new position in shares of Cactus in the third quarter valued at approximately $209,000. Institutional investors and hedge funds own 85.11% of the company’s stock.

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.