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

Shares of Cactus, Inc. (NYSE:WHD - Get Free Report) have been assigned a consensus rating of "Hold" from the seven analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $56.40.

Several analysts have recently issued reports on the company. Bank of America upped their price objective on Cactus from $44.00 to $48.00 and gave the company an "underperform" rating in a research report on Monday, October 14th. Stifel Nicolaus decreased their price target on shares of Cactus from $69.00 to $67.00 and set a "buy" rating on the stock in a research note on Friday, October 11th. Finally, 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 research report on Monday, November 4th.

Cactus Price Performance

NYSE:WHD traded up $0.39 during mid-day trading on Thursday, hitting $57.74. 251,817 shares of the company's stock traded hands, compared to its average volume of 728,405. 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 company has a market cap of $4.60 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 2.98 and a beta of 1.97. The firm's 50 day simple moving average is $63.19 and its 200 day simple moving average is $59.59. Cactus has a 1 year low of $37.58 and a 1 year high of $70.01.

Cactus (NYSE:WHD - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $287.47 million. During the same period last year, the company posted $0.80 EPS. The company's revenue was up 1.8% on a year-over-year basis. Sell-side analysts expect that Cactus will post 3.08 EPS for the current year.

Cactus Dividend Announcement

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

Insider Activity

In other news, Director Bruce M. Rothstein sold 5,000 shares of the business's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $65.22, for a total transaction of $326,100.00. Following the completion of the sale, the director now directly owns 12,177 shares of the company's stock, valued at $794,183.94. The trade was a 29.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Steven Bender sold 100,000 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $65.35, for a total value of $6,535,000.00. Following the sale, the chief operating officer now owns 57,567 shares of the company's stock, valued at approximately $3,762,003.45. The trade was a 63.47 % decrease in their ownership of the stock. 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 90 days. 16.84% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cactus

Large investors have recently made changes to their positions in the business. New York State Teachers Retirement System raised its holdings in shares of Cactus by 1.3% during the 3rd quarter. New York State Teachers Retirement System now owns 15,500 shares of the company's stock valued at $925,000 after buying an additional 200 shares during the period. Dana Investment Advisors Inc. grew its position in Cactus by 0.6% in the second quarter. Dana Investment Advisors Inc. now owns 31,807 shares of the company's stock valued at $1,678,000 after acquiring an additional 202 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Cactus by 0.8% during the third quarter. The Manufacturers Life Insurance Company now owns 36,560 shares of the company's stock valued at $2,182,000 after purchasing an additional 301 shares during the period. Nisa Investment Advisors LLC lifted its position 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 purchasing an additional 307 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in shares of Cactus in the third quarter valued at $34,000. Institutional investors and hedge funds own 85.11% of the company's stock.

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.