Cactus (NYSE:WHD – Get Rating) had its price target boosted by Morgan Stanley from $50.00 to $55.00 in a research report report published on Monday, Stock Target Advisor reports. They currently have an equal weight rating on the stock.

Separately, Barclays cut their target price on shares of Cactus from $57.00 to $52.00 and set an overweight rating for the company in a research note on Monday, August 8th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Cactus presently has an average rating of Hold and a consensus target price of $54.80.

Cactus Stock Down 3.1 %

Shares of WHD opened at $34.89 on Monday. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 0.44 and a beta of 1.97. Cactus has a 52 week low of $34.70 and a 52 week high of $64.18. The stock's 50-day moving average price is $40.75 and its 200-day moving average price is $46.18. The company has a quick ratio of 3.92, a current ratio of 5.23 and a debt-to-equity ratio of 0.01.

Cactus Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Monday, August 29th were given a $0.11 dividend. The ex-dividend date of this dividend was Friday, August 26th. This represents a $0.44 dividend on an annualized basis and a yield of 1.26%. Cactus's payout ratio is currently 35.48%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in WHD. Federated Hermes Inc. increased its stake in Cactus by 4.5% during the second quarter. Federated Hermes Inc. now owns 1,047,900 shares of the company's stock worth $42,199,000 after purchasing an additional 44,766 shares during the period. Brown Advisory Inc. grew its holdings in shares of Cactus by 0.4% in the second quarter. Brown Advisory Inc. now owns 1,758,458 shares of the company's stock valued at $70,813,000 after purchasing an additional 6,289 shares in the last quarter. Legal & General Group Plc increased its stake in Cactus by 24.0% during the 2nd quarter. Legal & General Group Plc now owns 26,808 shares of the company's stock worth $1,079,000 after buying an additional 5,185 shares during the period. Centiva Capital LP acquired a new stake in Cactus during the 2nd quarter worth approximately $418,000. Finally, Captrust Financial Advisors boosted its position in Cactus by 48.1% in the 2nd quarter. Captrust Financial Advisors now owns 2,120 shares of the company's stock valued at $85,000 after buying an additional 689 shares during the period. 83.96% of the stock is currently owned by institutional investors and hedge funds.

About Cactus

(Get Rating)

Cactus, Inc designs, manufactures, sells, and rents a range of wellheads and pressure control equipment in the United States, Australia, China, and the Kingdom of Saudi Arabia. The company's principal products include Cactus SafeDrill wellhead systems, Cactus SafeLink monobore, SafeClamp, and SafeInject systems, as well as frac stacks, zipper manifolds, and production trees.

Featured Stories

• Get a free copy of the StockNews.com research report on Cactus (WHD)
• MarketBeat Podcast, 3 Stocks to Watch Newmont Mining, Walmart, AMC
• Is the Market Overreacting with Shopify Stock?
• MO Money: Why Altria Group Stock is Rallying
• Fed Raises Rates: 3 Stocks to Watch Newmont Mining, Walmart, AMC
• Three Consumer Stocks That Could Outperform In Q4

Receive News & Ratings for Cactus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cactus and related companies with MarketBeat.com's FREE daily email newsletter.