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

Shares of Cactus, Inc. (NYSE:WHD - Get Free Report) have been given a consensus rating of "Hold" by the seven analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $56.40.

Several equities analysts recently weighed in on the company. Bank of America increased their target price on Cactus from $44.00 to $48.00 and gave the stock an "underperform" rating in a research report on Monday, October 14th. Barclays lowered shares of Cactus from an "overweight" rating to an "equal weight" rating and set a $61.00 price objective on the stock. in a report on Monday, November 4th. Finally, Stifel Nicolaus lowered their target price 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.

Insider Buying and Selling

In related news, Director Bruce M. Rothstein sold 5,000 shares of the company'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 approximately $794,183.94. This represents a 29.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Steven Bender sold 100,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $65.35, for a total value of $6,535,000.00. Following the completion of the sale, the chief operating officer now owns 57,567 shares of the company's stock, valued at approximately $3,762,003.45. This represents a 63.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 138,500 shares of company stock valued at $8,916,325. 17.72% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cactus

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Pacer Advisors Inc. acquired a new position in Cactus in the 2nd quarter worth $122,623,000. Makaira Partners LLC increased its position in shares of Cactus by 399.6% during the second quarter. Makaira Partners LLC now owns 499,581 shares of the company's stock worth $26,348,000 after acquiring an additional 399,581 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Cactus by 3,604.5% in the second quarter. Principal Financial Group Inc. now owns 326,518 shares of the company's stock worth $17,221,000 after acquiring an additional 317,704 shares in the last quarter. Barlow Wealth Partners Inc. purchased a new position in Cactus in the second quarter valued at about $14,553,000. Finally, Weiss Asset Management LP acquired a new stake in Cactus during the 3rd quarter valued at approximately $13,647,000. 85.11% of the stock is owned by institutional investors and hedge funds.

Cactus Trading Up 1.4 %

Shares of NYSE:WHD traded up $0.96 during trading on Friday, reaching $68.66. The stock had a trading volume of 388,013 shares, compared to its average volume of 673,260. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. The stock has a market cap of $5.46 billion, a P/E ratio of 24.35, a PEG ratio of 3.24 and a beta of 1.95. The business has a fifty day moving average price of $63.09 and a 200-day moving average price of $58.07. Cactus has a fifty-two week low of $37.58 and a fifty-two week high of $70.01.

Cactus (NYSE:WHD - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.04. Cactus had a return on equity of 20.24% and a net margin of 16.57%. The company had revenue of $293.18 million during the quarter, compared to the consensus estimate of $287.47 million. During the same period in the previous year, the firm posted $0.80 EPS. Cactus's revenue was up 1.8% on a year-over-year basis. As a group, analysts anticipate that Cactus will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Monday, December 2nd will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Monday, December 2nd. Cactus's dividend payout ratio is currently 18.44%.

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.