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

Shares of Cactus, Inc. (NYSE:WHD - Get Free Report) have earned a consensus rating of "Hold" from the seven research firms that are currently covering the firm, MarketBeat 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 twelve-month price objective among analysts that have issued a report on the stock in the last year is $55.00.

Separately, Barclays lowered their price objective on Cactus from $61.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Wednesday.

Institutional Investors Weigh In On Cactus

A number of large investors have recently bought and sold shares of WHD. Bridgewater Associates LP bought a new stake in shares of Cactus during the third quarter worth $9,501,000. JPMorgan Chase & Co. lifted its position in Cactus by 1.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,102,984 shares of the company's stock worth $185,155,000 after buying an additional 52,085 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Cactus by 4.4% during the 4th quarter. Principal Financial Group Inc. now owns 357,313 shares of the company's stock worth $20,853,000 after acquiring an additional 15,035 shares during the last quarter. New York State Common Retirement Fund increased its position in Cactus by 2.7% in the 4th quarter. New York State Common Retirement Fund now owns 183,077 shares of the company's stock valued at $10,684,000 after acquiring an additional 4,890 shares in the last quarter. Finally, Citigroup Inc. raised its stake in shares of Cactus by 81.2% in the third quarter. Citigroup Inc. now owns 89,464 shares of the company's stock worth $5,338,000 after acquiring an additional 40,099 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors.

Cactus Stock Performance

Shares of NYSE WHD traded down $1.88 during trading hours on Wednesday, reaching $46.66. The stock had a trading volume of 64,912 shares, compared to its average volume of 528,401. The company has a market cap of $3.71 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 5.13 and a beta of 1.97. Cactus has a twelve month low of $44.57 and a twelve month high of $70.01. The business's fifty day moving average is $59.53 and its two-hundred day moving average is $60.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.82 and a quick ratio of 2.67.

Cactus (NYSE:WHD - Get Free Report) last issued its earnings results 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). Cactus had a net margin of 16.57% and a return on equity of 20.24%. The business had revenue of $272.12 million for the quarter, compared to analyst estimates of $277.59 million. As a group, research analysts expect that Cactus will post 3.08 EPS for the current year.

Cactus Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Monday, March 3rd. Cactus's payout ratio is 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.

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