Cactus, Inc. (NYSE:WHD) Given Consensus Rating of “Moderate Buy” by Analysts

Cactus, Inc. (NYSE:WHD) has been given an average recommendation of “Moderate Buy” by the eight research firms that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $56.3333.

A number of equities analysts recently weighed in on WHD shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Cactus in a research report on Friday, March 27th. Piper Sandler assumed coverage on shares of Cactus in a research note on Tuesday, February 24th. They set an “overweight” rating and a $73.00 price objective for the company. Citigroup raised their target price on shares of Cactus from $55.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. Zacks Research downgraded shares of Cactus from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Finally, Barclays boosted their price target on shares of Cactus from $56.00 to $62.00 and gave the company an “overweight” rating in a report on Monday, March 2nd.

Cactus Price Performance

Shares of NYSE:WHD opened at $47.78 on Friday. Cactus has a one year low of $33.20 and a one year high of $59.25. The stock has a fifty day moving average of $52.42 and a 200-day moving average of $46.61. The company has a market capitalization of $3.82 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 4.73 and a beta of 1.31. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.13 and a current ratio of 5.81.

Cactus (NYSE:WHD) last issued its earnings results on Wednesday, February 25th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The business had revenue of $261.20 million for the quarter, compared to analysts’ expectations of $250.60 million. Cactus had a return on equity of 15.18% and a net margin of 15.39%.The company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 EPS. As a group, equities analysts anticipate that Cactus will post 3.08 EPS for the current fiscal year.

Cactus Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Monday, March 2nd were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.2%. The ex-dividend date was Monday, March 2nd. Cactus’s payout ratio is presently 23.33%.

Insider Transactions at Cactus

In other news, President Joel Bender sold 106,809 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $49.92, for a total value of $5,331,905.28. Following the completion of the sale, the president owned 27,793 shares in the company, valued at $1,387,426.56. This represents a 79.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have sold 200,000 shares of company stock worth $10,039,080. 13.75% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. boosted its position in Cactus by 113.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock worth $47,000 after acquiring an additional 543 shares during the period. AQR Capital Management LLC increased its holdings in shares of Cactus by 101.1% in the 1st quarter. AQR Capital Management LLC now owns 11,427 shares of the company’s stock valued at $524,000 after purchasing an additional 5,745 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Cactus by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,685 shares of the company’s stock valued at $1,819,000 after purchasing an additional 1,733 shares during the period. United Services Automobile Association purchased a new stake in shares of Cactus in the first quarter worth approximately $203,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Cactus by 26.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,931 shares of the company’s stock worth $10,400,000 after purchasing an additional 46,835 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

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