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

Shares of Cactus, Inc. (NYSE:WHD) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $50.20.

WHD has been the topic of a number of research reports. Zacks Research raised shares of Cactus from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cactus in a report on Monday, December 29th. Barclays increased their price target on Cactus from $51.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 17th. Bank of America upgraded Cactus from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $39.00 to $40.00 in a research report on Wednesday, October 29th. Finally, Citigroup upgraded Cactus from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $45.00 to $55.00 in a research note on Thursday, December 11th.

Cactus Trading Up 1.3%

Shares of WHD opened at $53.25 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.28 and a quick ratio of 3.74. Cactus has a 12 month low of $33.20 and a 12 month high of $65.35. The stock has a market cap of $4.25 billion, a PE ratio of 21.22, a P/E/G ratio of 5.41 and a beta of 1.26. The stock’s 50-day moving average is $45.80 and its two-hundred day moving average is $42.72.

Cactus (NYSE:WHD) last announced its earnings results on Wednesday, October 29th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.09. The company had revenue of $263.95 million during the quarter, compared to the consensus estimate of $253.89 million. Cactus had a return on equity of 16.02% and a net margin of 15.86%.The company’s revenue was down 10.0% on a year-over-year basis. During the same period last year, the firm earned $0.74 earnings per share. Equities analysts forecast that Cactus will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Stockholders of record on Monday, December 1st were paid a $0.14 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.56 annualized dividend and a dividend yield of 1.1%. Cactus’s dividend payout ratio is presently 22.31%.

Institutional Trading of Cactus

A number of hedge funds and other institutional investors have recently made changes to their positions in WHD. Salomon & Ludwin LLC bought a new position in shares of Cactus in the third quarter valued at approximately $25,000. EverSource Wealth Advisors LLC lifted its position in Cactus by 67.6% in the third quarter. EverSource Wealth Advisors LLC now owns 642 shares of the company’s stock worth $25,000 after purchasing an additional 259 shares during the period. Johnson Financial Group Inc. bought a new position in Cactus during the 3rd quarter valued at $33,000. Huntington National Bank boosted its stake in Cactus by 55.4% during the 3rd quarter. Huntington National Bank now owns 1,094 shares of the company’s stock valued at $43,000 after purchasing an additional 390 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Cactus by 113.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock valued at $47,000 after purchasing an additional 543 shares during the period. 85.11% of the stock is currently owned by institutional investors.

Cactus Company Profile

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.