Cactus, Inc. (NYSE:WHD) Given Average Recommendation of “Hold” by Brokerages

Shares of Cactus, Inc. (NYSE:WHDGet Rating) have earned a consensus rating of “Hold” from the ten brokerages that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $58.14.

WHD has been the topic of a number of research analyst reports. Benchmark initiated coverage on Cactus in a research note on Thursday. They issued a “buy” rating and a $70.00 target price on the stock. Barclays cut Cactus from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $52.00 to $48.00 in a research note on Thursday, October 6th. Bank of America increased their target price on Cactus from $45.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, November 8th. Citigroup upped their price target on shares of Cactus from $47.00 to $58.00 in a research report on Sunday, November 13th. Finally, Morgan Stanley upped their price target on shares of Cactus from $50.00 to $55.00 and gave the company an “equal weight” rating in a research report on Monday, September 26th.

Cactus Trading Down 1.0 %

Cactus stock opened at $52.22 on Friday. The stock has a market cap of $3.96 billion, a P/E ratio of 33.91, a PEG ratio of 0.47 and a beta of 1.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.51 and a current ratio of 4.74. Cactus has a fifty-two week low of $34.70 and a fifty-two week high of $64.18. The firm’s fifty day moving average price is $52.40 and its 200-day moving average price is $45.98.

Cactus (NYSE:WHDGet Rating) last released its earnings results on Monday, November 7th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $184.50 million for the quarter, compared to analysts’ expectations of $183.08 million. Cactus had a return on equity of 14.60% and a net margin of 14.94%. The firm’s revenue was up 59.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.19 earnings per share. Equities research analysts forecast that Cactus will post 1.78 earnings per share for the current fiscal year.

Cactus Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 16th. Shareholders of record on Monday, February 27th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, February 24th. This represents a $0.44 annualized dividend and a yield of 0.84%. Cactus’s payout ratio is 28.57%.

Institutional Trading of Cactus

Institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Cactus by 866.7% during the second quarter. EverSource Wealth Advisors LLC now owns 667 shares of the company’s stock worth $27,000 after purchasing an additional 598 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of Cactus by 492.3% during the second quarter. BNP Paribas Arbitrage SA now owns 36,505 shares of the company’s stock worth $1,470,000 after purchasing an additional 30,342 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in shares of Cactus by 14.5% during the second quarter. State Board of Administration of Florida Retirement System now owns 15,439 shares of the company’s stock worth $622,000 after purchasing an additional 1,960 shares during the period. Federated Hermes Inc. boosted its holdings in shares of Cactus by 4.5% during the second quarter. Federated Hermes Inc. now owns 1,047,900 shares of the company’s stock worth $42,199,000 after purchasing an additional 44,766 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Cactus by 336.4% during the second quarter. Assenagon Asset Management S.A. now owns 50,975 shares of the company’s stock worth $2,053,000 after purchasing an additional 39,295 shares during the period. 83.06% of the stock is currently owned by hedge funds and other institutional investors.

Cactus Company Profile

(Get Rating)

Cactus, Inc designs, manufactures, sells, and rents a range of wellheads and pressure control equipment in the United States, Australia, China, and the Kingdom of Saudi Arabia. The company's principal products include Cactus SafeDrill wellhead systems, Cactus SafeLink monobore, SafeClamp, and SafeInject systems, as well as frac stacks, zipper manifolds, and production trees.

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Analyst Recommendations for Cactus (NYSE:WHD)

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