Cactus, Inc. (NYSE:WHD - Get Free Report)'s stock price reached a new 52-week low on Monday . The company traded as low as $45.96 and last traded at $45.62, with a volume of 21428 shares. The stock had previously closed at $47.37.
Wall Street Analyst Weigh In
Separately, Barclays lowered their price objective on shares of Cactus from $61.00 to $54.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $55.00.
Read Our Latest Stock Analysis on Cactus
Cactus Trading Up 3.4 %
The company has a market capitalization of $3.58 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 5.13 and a beta of 2.05. The stock's 50 day moving average is $57.84 and its two-hundred day moving average is $60.28. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01.
Cactus (NYSE:WHD - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.01). The firm had revenue of $272.12 million for the quarter, compared to analysts' expectations of $277.59 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. As a group, sell-side analysts predict that Cactus, Inc. will post 3.08 EPS for the current fiscal year.
Cactus Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Monday, March 3rd will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Monday, March 3rd. Cactus's payout ratio is currently 18.84%.
Hedge Funds Weigh In On Cactus
Several hedge funds and other institutional investors have recently modified their holdings of WHD. Illinois Municipal Retirement Fund increased its holdings in Cactus by 0.5% in 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 during the period. State of Tennessee Department of Treasury grew its stake in shares of Cactus by 0.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 35,828 shares of the company's stock worth $2,091,000 after purchasing an additional 177 shares during the period. O Shaughnessy Asset Management LLC grew its stake in shares of Cactus by 1.8% during the 4th 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 during the period. New York State Teachers Retirement System grew its stake in shares of Cactus by 1.3% during the 4th 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 grew its stake in shares of Cactus by 7.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,369 shares of the company's stock worth $197,000 after purchasing an additional 221 shares during the period. 85.11% of the stock is owned by hedge funds and other institutional investors.
Cactus Company Profile
(
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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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