Analysts Set Cactus, Inc. (NYSE:WHD) Price Target at $56.40

Cactus, Inc. (NYSE:WHD - Get Free Report) has earned an average rating of "Hold" from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $56.40.

WHD has been the subject of a number of recent research reports. Stifel Nicolaus lowered their price objective on shares of Cactus from $69.00 to $67.00 and set a "buy" rating for the company in a report on Friday, October 11th. Barclays lowered shares of Cactus from an "overweight" rating to an "equal weight" rating and set a $61.00 price objective for the company. in a report on Monday. Piper Sandler lowered their price objective on shares of Cactus from $55.00 to $54.00 and set a "neutral" rating for the company in a report on Monday, July 15th. Bank of America upped their price target on shares of Cactus from $44.00 to $48.00 and gave the company an "underperform" rating in a report on Monday, October 14th. Finally, Citigroup upped their price target on shares of Cactus from $48.00 to $52.00 and gave the company a "neutral" rating in a report on Wednesday, July 10th.

Cactus Price Performance

Cactus stock traded up $7.20 during mid-day trading on Wednesday, hitting $69.37. 1,125,030 shares of the company traded hands, compared to its average volume of 737,752. Cactus has a one year low of $37.58 and a one year high of $69.77. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 2.92 and a beta of 1.95. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. The stock has a fifty day moving average price of $59.80 and a 200-day moving average price of $56.08.

Cactus (NYSE:WHD - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.04. Cactus had a net margin of 16.57% and a return on equity of 20.24%. The business had revenue of $293.18 million during the quarter, compared to analyst estimates of $287.47 million. During the same period in the previous year, the business posted $0.80 earnings per share. Cactus's revenue for the quarter was up 1.8% on a year-over-year basis. On average, equities analysts predict that Cactus will post 3.05 earnings per share for the current fiscal year.

Cactus Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Monday, December 2nd. Cactus's payout ratio is currently 18.44%.

Insider Transactions at Cactus

In other news, CEO Stephen Tadlock sold 33,500 shares of the company's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $61.35, for a total value of $2,055,225.00. Following the sale, the chief executive officer now directly owns 36,357 shares of the company's stock, valued at $2,230,501.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 16.84% of the company's stock.

Institutional Trading of Cactus

A number of hedge funds and other institutional investors have recently modified their holdings of WHD. Bessemer Group Inc. lifted its stake in Cactus by 7.2% during the 1st quarter. Bessemer Group Inc. now owns 248,369 shares of the company's stock valued at $12,441,000 after acquiring an additional 16,662 shares during the period. Silvercrest Asset Management Group LLC lifted its stake in Cactus by 4.5% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 203,153 shares of the company's stock valued at $10,176,000 after acquiring an additional 8,833 shares during the period. Sei Investments Co. lifted its stake in Cactus by 13.2% during the 1st quarter. Sei Investments Co. now owns 345,228 shares of the company's stock valued at $17,291,000 after acquiring an additional 40,228 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in Cactus during the 1st quarter valued at about $1,423,000. Finally, Vanguard Group Inc. lifted its stake in Cactus by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 6,571,806 shares of the company's stock valued at $329,182,000 after acquiring an additional 53,142 shares during the period. 85.11% of the stock is owned by hedge funds and other institutional investors.

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.