Is Cactus Inc (NYSE: WHD) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that Cactus Announces Timing of Fourth Quarter and Full Year 2023 Earnings Release and Conference Call.

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Stocks Info

WHD belongs to the Energy sector of the NYSE while operating in the Oil & Gas Equipment & Services industry. The current market capitalization of Cactus Inc is $2.98B. A total of 0.77 million shares were traded on the day, compared to an average of 706.74K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, WHD has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 29 BUYs and 30 SELLs from insiders. Insiders purchased 715,028 shares during that period but sold 658,141.

In the most recent transaction, Bender Scott sold 141,300 shares of WHD for 55.41 per share on Sep 08. After the transaction, the Chairman and CEO now owns 78,020 company shares. In a previous transaction on Sep 08, Bender Joel sold 141,300 shares at 55.41 per share. WHD shares that President owns now total 114,982.

Among the insiders who sold shares, Bender Steven disposed of 19,362 shares on Sep 08 at a per-share price of $55.06. This resulted in the Chief Operating Officer holding 40,000 shares of WHD after the transaction. In another insider transaction, Bender Joel sold 108,700 shares at $56.18 per share on Sep 07. Company shares held by the President now total 256,282.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Cactus Inc pays an annual dividend of $0.46, resulting in a dividend yield of 1.00%, and it has a price to earnings (P/E) ratio of 19.88. WHD’s most recent ex-dividend date was 2/23/2024 when it declared a $0.12 quarterly dividend that was paid in cash on 3/14/2024. Previously, the company paid the dividend on 12/14/2023 with an ex-dividend date of 11/24/2023. The WHD stock dividend was $0.12 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for WHD in the last 3 months, the mean price target is $53.30 with high estimates of $63.00 and low estimates of $40.00. In terms of 52-week highs and lows, WHD has a high of $57.00 and a low of $31.36.

As of this writing, WHD has an earnings estimate of $Home Depot, Inc. (The) per share for the current quarter. EPS was calculated based on a consensus of Warner Bros. Discovery, Inc. – estimates, with a high estimate of $Church & Dwight Company, Inc. per share and a lower estimate of $Whirlpool Corporation.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. WHD’s latest balance sheet shows that the firm has $301.67M in Cash & Short Term Investments as of fiscal 2021. There were $33.21M in debt and $92.57M in liabilities at the time. Its Book Value Per Share was $12.57, while its Total Shareholder’s Equity was $595.03M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for WHD is Buy with a score of 3.43.

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