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

Shares of Cactus, Inc. (NYSE:WHD) have been assigned a consensus recommendation of “Hold” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $55.29.

Several equities analysts recently weighed in on WHD shares. Bank of America lifted their target price on shares of Cactus from $40.00 to $43.00 and gave the company an “underperform” rating in a report on Monday, April 15th. Benchmark lowered Cactus from a “buy” rating to a “hold” rating in a research note on Tuesday, January 16th. Finally, Stifel Nicolaus dropped their target price on Cactus from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, January 3rd.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Cactus by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 6,518,664 shares of the company’s stock valued at $295,947,000 after purchasing an additional 148,355 shares during the period. JPMorgan Chase & Co. increased its stake in Cactus by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,378,095 shares of the company’s stock valued at $119,404,000 after buying an additional 108,905 shares during the period. Boston Trust Walden Corp raised its position in shares of Cactus by 1.4% during the 4th quarter. Boston Trust Walden Corp now owns 1,941,115 shares of the company’s stock worth $88,127,000 after buying an additional 26,185 shares in the last quarter. FMR LLC lifted its stake in shares of Cactus by 181.5% in the 3rd quarter. FMR LLC now owns 1,898,398 shares of the company’s stock worth $95,319,000 after acquiring an additional 1,224,079 shares during the period. Finally, Wasatch Advisors LP boosted its holdings in shares of Cactus by 39.1% in the first quarter. Wasatch Advisors LP now owns 1,336,006 shares of the company’s stock valued at $66,921,000 after acquiring an additional 375,829 shares in the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Cactus Stock Performance

Shares of NYSE:WHD opened at $51.22 on Friday. The business has a 50-day moving average of $48.10 and a two-hundred day moving average of $45.46. The firm has a market capitalization of $4.06 billion, a PE ratio of 20.09, a P/E/G ratio of 9.10 and a beta of 1.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 2.00. Cactus has a 12 month low of $31.36 and a 12 month high of $57.00.

Cactus (NYSE:WHD) last posted its earnings results on Thursday, February 29th. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.13. The firm had revenue of $274.87 million during the quarter, compared to the consensus estimate of $268.56 million. Cactus had a net margin of 15.42% and a return on equity of 22.69%. The company’s revenue was up 46.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 EPS. As a group, 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.