Cactus, Inc. (NYSE:WHD) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Cactus, Inc. (NYSE:WHD - Get Free Report) have been given an average recommendation of "Hold" by the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $55.00.

Separately, Barclays dropped their target price on Cactus from $61.00 to $54.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 5th.

Cactus Stock Performance

Shares of NYSE WHD traded down $6.57 during midday trading on Friday, hitting $40.81. The company's stock had a trading volume of 513,247 shares, compared to its average volume of 660,363. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. Cactus has a 1-year low of $40.50 and a 1-year high of $70.01. The firm's fifty day moving average price is $53.61 and its 200-day moving average price is $59.23. The firm has a market cap of $3.25 billion, a P/E ratio of 14.47, a P/E/G ratio of 5.13 and a beta of 1.74.

Cactus (NYSE:WHD - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported $0.71 EPS for the quarter, missing analysts' consensus estimates of $0.72 by ($0.01). The company had revenue of $272.12 million during the quarter, compared to analyst estimates of $277.59 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. On average, sell-side analysts forecast that Cactus will post 3.08 EPS for the current fiscal year.

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Cactus Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd were paid a $0.13 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.52 annualized dividend and a dividend yield of 1.27%. Cactus's payout ratio is 18.84%.

Institutional Investors Weigh In On Cactus

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

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.