Brokerages Set Cactus, Inc. (NYSE:WHD) Target Price at $50.20

Cactus, Inc. (NYSE:WHD) has been given an average recommendation of “Hold” by the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $50.20.

A number of research firms have recently issued reports on WHD. Barclays boosted their price target on shares of Cactus from $51.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday. Wall Street Zen upgraded shares of Cactus from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Stifel Nicolaus raised their price target on Cactus from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Citigroup upgraded Cactus from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $45.00 to $55.00 in a report on Thursday, December 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cactus in a research note on Monday, December 15th.

Hedge Funds Weigh In On Cactus

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nuveen LLC acquired a new stake in Cactus during the first quarter worth approximately $11,494,000. Russell Investments Group Ltd. raised its stake in Cactus by 20.3% during the 1st quarter. Russell Investments Group Ltd. now owns 30,229 shares of the company’s stock valued at $1,385,000 after acquiring an additional 5,105 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Cactus by 12.1% during the first quarter. Wellington Management Group LLP now owns 1,508,103 shares of the company’s stock worth $69,116,000 after purchasing an additional 162,374 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Cactus in the 1st quarter worth $57,000. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in Cactus by 7.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,947,835 shares of the company’s stock valued at $135,100,000 after purchasing an additional 195,496 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Cactus Stock Performance

Shares of Cactus stock opened at $45.59 on Friday. The firm has a market cap of $3.64 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 4.92 and a beta of 1.29. The company has a quick ratio of 3.74, a current ratio of 5.28 and a debt-to-equity ratio of 0.01. Cactus has a 52 week low of $33.20 and a 52 week high of $65.35. The business’s fifty day simple moving average is $41.99 and its 200-day simple moving average is $42.18.

Cactus (NYSE:WHD) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.09. Cactus had a return on equity of 16.02% and a net margin of 15.86%.The firm had revenue of $263.95 million during the quarter, compared to the consensus estimate of $253.89 million. During the same period last year, the company earned $0.74 EPS. The company’s quarterly revenue was down 10.0% on a year-over-year basis. Equities analysts forecast that Cactus will post 3.08 earnings per share for the current year.

Cactus Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Monday, December 1st were issued a $0.14 dividend. The ex-dividend date was Monday, December 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.2%. Cactus’s payout ratio is 22.31%.

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. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells.