Cactus (NYSE:WHD) Hits New 1-Year Low - What's Next?

Shares of Cactus, Inc. (NYSE:WHD - Get Free Report) hit a new 52-week low on Wednesday . The stock traded as low as $34.48 and last traded at $35.01, with a volume of 1241171 shares traded. The stock had previously closed at $37.53.

Wall Street Analysts Forecast Growth

Separately, Barclays decreased 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $55.00.

Cactus Price Performance

The company has a current ratio of 3.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.92 billion, a P/E ratio of 13.02, a price-to-earnings-growth ratio of 5.13 and a beta of 1.74. The business has a 50-day moving average of $49.29 and a two-hundred day moving average of $57.73.

Cactus (NYSE:WHD - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $277.59 million. On average, sell-side analysts anticipate that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

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Cactus Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Monday, March 3rd were paid a $0.13 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $0.52 annualized dividend and a dividend yield of 1.42%. Cactus's dividend payout ratio is 18.84%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Oarsman Capital Inc. acquired a new position in shares of Cactus in the fourth quarter worth approximately $26,000. Smartleaf Asset Management LLC boosted its stake in shares of Cactus by 74.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 522 shares of the company's stock valued at $30,000 after purchasing an additional 223 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Cactus by 165.4% during the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company's stock worth $34,000 after buying an additional 359 shares during the period. Jones Financial Companies Lllp raised its stake in Cactus by 66.9% during the fourth quarter. Jones Financial Companies Lllp now owns 841 shares of the company's stock worth $49,000 after buying an additional 337 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in Cactus in the fourth quarter valued at $76,000. 85.11% of the stock is owned by 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.