Cactus (NYSE:WHD) Price Target Lowered to $61.00 at Stifel Nicolaus

Cactus (NYSE:WHD) had its price objective cut by Stifel Nicolaus from $64.00 to $61.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Separately, Barclays decreased their price target on Cactus from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $53.80.

Cactus Stock Performance

WHD stock opened at $36.36 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.67 and a current ratio of 3.82. Cactus has a 1 year low of $33.80 and a 1 year high of $70.01. The stock’s fifty day moving average is $48.34 and its two-hundred day moving average is $57.44. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 5.13 and a beta of 1.74.

Cactus (NYSE:WHD) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.01). The firm had revenue of $272.12 million during the quarter, compared to analyst estimates of $277.59 million. Cactus had a net margin of 16.57% and a return on equity of 20.24%. On average, research analysts predict that Cactus will post 3.08 EPS for the current year.

Cactus Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Monday, March 3rd were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Monday, March 3rd. Cactus’s dividend payout ratio (DPR) is presently 18.84%.

Institutional Trading of Cactus

Several institutional investors have recently modified their holdings of WHD. First Trust Advisors LP raised its position in Cactus by 34.6% in the fourth quarter. First Trust Advisors LP now owns 1,556,565 shares of the company’s stock worth $90,841,000 after acquiring an additional 400,452 shares in the last quarter. Federated Hermes Inc. bought a new stake in shares of Cactus in the 4th quarter worth approximately $19,235,000. Raymond James Financial Inc. acquired a new stake in Cactus during the fourth quarter valued at approximately $16,377,000. Point72 Asset Management L.P. bought a new stake in Cactus during the fourth quarter worth approximately $14,285,000. Finally, Tudor Investment Corp ET AL grew its position in Cactus by 487.1% in the fourth quarter. Tudor Investment Corp ET AL now owns 282,271 shares of the company’s stock worth $16,473,000 after buying an additional 234,191 shares during the last quarter. Institutional investors and hedge funds 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.