Cactus, Inc. (NYSE:WHD) Receives $52.33 Consensus Target Price from Analysts

by · The Markets Daily

Cactus, Inc. (NYSE:WHD – Get Free Report) has received a consensus rating of “Hold” from the five research firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $52.40.

Several research firms have recently weighed in on WHD. Stifel Nicolaus lowered their target price on shares of Cactus from $61.00 to $57.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. JPMorgan Chase & Co. decreased their price objective on shares of Cactus from $52.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, May 28th. Finally, Barclays decreased their price objective on shares of Cactus from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Friday, June 20th.

View Our Latest Stock Analysis on Cactus

Cactus Trading Down 0.1%

Shares of Cactus stock opened at $45.92 on Tuesday. The company’s fifty day moving average price is $43.88 and its two-hundred day moving average price is $48.55. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.85 and a quick ratio of 3.47. Cactus has a 52-week low of $33.80 and a 52-week high of $70.01. The firm has a market capitalization of $3.67 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 3.94 and a beta of 1.48.

Cactus (NYSE:WHD – Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.03. Cactus had a net margin of 16.78% and a return on equity of 18.99%. The business had revenue of $280.32 million for the quarter, compared to analyst estimates of $272.22 million. During the same quarter in the prior year, the firm earned $0.75 EPS. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, analysts expect that Cactus will post 3.08 EPS for the current year.

Cactus Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, June 2nd were given a dividend of $0.13 per share. The ex-dividend date was Monday, June 2nd. This represents a $0.52 dividend on an annualized basis and a yield of 1.13%. Cactus’s payout ratio is presently 18.51%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in WHD. Millennium Management LLC acquired a new position in Cactus during the 1st quarter valued at about $28,924,000. Encompass Capital Advisors LLC acquired a new stake in shares of Cactus in the 1st quarter valued at approximately $27,457,000. Pacer Advisors Inc. raised its position in shares of Cactus by 10,002.6% in the 1st quarter. Pacer Advisors Inc. now owns 458,053 shares of the company’s stock valued at $20,993,000 after acquiring an additional 453,519 shares during the period. First Trust Advisors LP raised its position in shares of Cactus by 34.6% in the 4th quarter. First Trust Advisors LP now owns 1,556,565 shares of the company’s stock valued at $90,841,000 after acquiring an additional 400,452 shares during the period. Finally, Federated Hermes Inc. acquired a new stake in shares of Cactus in the 4th quarter valued at approximately $19,235,000. 85.11% of the stock is currently owned by institutional investors and hedge funds.

About Cactus

(Get Free Report

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.

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