Cactus (NYSE:WHD) Stock Price Up 4.3% – Time to Buy?

Cactus, Inc. (NYSE:WHD)’s stock price rose 4.3% during trading on Thursday . The company traded as high as $37.93 and last traded at $37.76. Approximately 215,820 shares changed hands during trading, a decline of 72% from the average daily volume of 772,478 shares. The stock had previously closed at $36.19.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Barclays reduced their target price on shares of Cactus from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 5th. Stifel Nicolaus dropped their target price on Cactus from $64.00 to $61.00 and set a “buy” rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Cactus currently has an average rating of “Hold” and a consensus price target of $53.80.

Cactus Stock Performance

The stock has a market capitalization of $3.00 billion, a P/E ratio of 13.38, a P/E/G ratio of 5.13 and a beta of 1.74. The company has a quick ratio of 2.67, a current ratio of 3.82 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of $46.97 and a two-hundred day simple moving average of $56.98.

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

Cactus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend was Monday, March 3rd. Cactus’s dividend payout ratio is 18.84%.

Institutional Trading of Cactus

Several hedge funds and other institutional investors have recently modified their holdings of WHD. Oarsman Capital Inc. bought a new stake in shares of Cactus during the fourth quarter worth approximately $26,000. Smartleaf Asset Management LLC boosted its position in shares of Cactus by 74.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 522 shares of the company’s stock valued at $30,000 after acquiring an additional 223 shares during the period. Versant Capital Management Inc increased its position in Cactus by 165.4% during the fourth quarter. Versant Capital Management Inc now owns 576 shares of the company’s stock worth $34,000 after acquiring an additional 359 shares during the period. Jones Financial Companies Lllp raised its stake in Cactus by 66.9% in the 4th quarter. Jones Financial Companies Lllp now owns 841 shares of the company’s stock worth $49,000 after purchasing an additional 337 shares in the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Cactus in the 4th quarter valued at about $76,000. Institutional investors own 85.11% of the company’s stock.

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.