Benchmark Reiterates “Hold” Rating for Cactus (NYSE:WHD)

Cactus (NYSE:WHD)‘s stock had its “hold” rating restated by analysts at Benchmark in a report issued on Monday, Benzinga reports.

Separately, Bank of America lifted their price target on Cactus from $40.00 to $43.00 and gave the company an “underperform” rating in a research note on Monday, April 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $55.14.

Cactus Trading Down 0.4 %

Shares of NYSE:WHD opened at $51.47 on Monday. The company has a market capitalization of $4.08 billion, a P/E ratio of 20.51, a P/E/G ratio of 9.11 and a beta of 1.95. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.24 and a quick ratio of 2.17. The business’s 50 day simple moving average is $49.44 and its 200 day simple moving average is $45.56. Cactus has a 1 year low of $31.36 and a 1 year high of $57.00.

Cactus (NYSE:WHD) last issued its earnings results on Wednesday, May 1st. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.67 by $0.08. Cactus had a net margin of 14.46% and a return on equity of 22.46%. The company had revenue of $274.12 million during the quarter, compared to analysts’ expectations of $270.70 million. During the same period in the previous year, the company earned $0.64 EPS. The business’s revenue for the quarter was up 20.0% compared to the same quarter last year. On average, research analysts anticipate that Cactus will post 2.87 EPS for the current fiscal year.

Insider Buying and Selling at Cactus

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

Institutional Investors Weigh In On Cactus

A number of hedge funds have recently modified their holdings of WHD. Principal Securities Inc. purchased a new stake in Cactus in the 4th quarter worth about $30,000. NBC Securities Inc. bought a new position in Cactus during the third quarter worth about $36,000. GAMMA Investing LLC purchased a new position in shares of Cactus in the fourth quarter worth about $33,000. Signaturefd LLC raised its position in shares of Cactus by 164.5% in the third quarter. Signaturefd LLC now owns 857 shares of the company’s stock valued at $43,000 after purchasing an additional 533 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Cactus during the 3rd quarter valued at approximately $70,000. 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.