Analysts Set Cactus, Inc. (NYSE:WHD) Target Price at $55.29

Shares of Cactus, Inc. (NYSE:WHD) have received an average rating of “Hold” from the seven analysts that are currently 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 given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $55.29.

WHD has been the subject of several recent analyst reports. Bank of America raised their target price on Cactus from $40.00 to $43.00 and gave the stock an “underperform” rating in a research note on Monday, April 15th. Stifel Nicolaus decreased their target price on Cactus from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, January 3rd. Finally, Benchmark cut Cactus from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th.

Insiders Place Their Bets

In other news, CEO Scott Bender sold 78,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $45.79, for a total value of $3,571,620.00. Following the transaction, the chief executive officer now owns 20 shares in the company, valued at $915.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Cactus news, CEO Scott Bender sold 78,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $45.79, for a total value of $3,571,620.00. Following the transaction, the chief executive officer now owns 20 shares of the company’s stock, valued at $915.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP William D. Marsh sold 1,700 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $46.20, for a total value of $78,540.00. Following the completion of the transaction, the executive vice president now directly owns 3,911 shares in the company, valued at approximately $180,688.20. The disclosure for this sale can be found here. Corporate insiders own 16.84% of the company’s stock.

Hedge Funds Weigh In On Cactus

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Securities Inc. purchased a new stake in Cactus during the 4th quarter valued at about $30,000. NBC Securities Inc. bought a new position in Cactus during the 3rd quarter valued at approximately $36,000. GAMMA Investing LLC bought a new position in Cactus during the 4th quarter valued at approximately $33,000. Signaturefd LLC boosted its stake in Cactus by 164.5% during the 3rd quarter. Signaturefd LLC now owns 857 shares of the company’s stock valued at $43,000 after purchasing an additional 533 shares during the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in Cactus during the 3rd quarter valued at $70,000. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

Cactus Trading Down 0.5 %

Shares of WHD stock opened at $52.32 on Friday. The stock has a market cap of $4.15 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 9.21 and a beta of 1.96. The stock has a 50-day moving average of $48.30 and a 200-day moving average of $45.50. The company has a current ratio of 3.17, a quick ratio of 2.00 and a debt-to-equity ratio of 0.01. Cactus has a 1-year low of $31.36 and a 1-year high of $57.00.

Cactus (NYSE:WHD) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.13. The company had revenue of $274.87 million during the quarter, compared to analysts’ expectations of $268.56 million. Cactus had a return on equity of 22.69% and a net margin of 15.42%. The business’s quarterly revenue was up 46.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 earnings per share. On average, equities research analysts forecast that Cactus will post 2.87 earnings per share for the current year.

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.