Royal Bank of Canada Sells 17,859 Shares of Cactus, Inc. $WHD

Royal Bank of Canada decreased its position in shares of Cactus, Inc. (NYSE:WHD) by 46.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,684 shares of the company’s stock after selling 17,859 shares during the period. Royal Bank of Canada’s holdings in Cactus were worth $979,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of WHD. Johnson Financial Group Inc. acquired a new position in shares of Cactus in the 3rd quarter worth approximately $33,000. Aster Capital Management DIFC Ltd increased its holdings in Cactus by 73.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 742 shares of the company’s stock valued at $34,000 after purchasing an additional 314 shares in the last quarter. Advisors Asset Management Inc. raised its position in Cactus by 113.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock valued at $47,000 after purchasing an additional 543 shares during the last quarter. Global Retirement Partners LLC raised its position in Cactus by 39,200.0% in the 4th quarter. Global Retirement Partners LLC now owns 1,179 shares of the company’s stock valued at $54,000 after purchasing an additional 1,176 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its position in Cactus by 335.1% in the 4th quarter. Hantz Financial Services Inc. now owns 1,710 shares of the company’s stock valued at $78,000 after purchasing an additional 1,317 shares during the last quarter. Institutional investors own 85.11% of the company’s stock.

Key Stories Impacting Cactus

Here are the key news stories impacting Cactus this week:

• Positive Sentiment: Zacks Research raised its FY2026 EPS forecast to $3.11 from $2.91, increased its Q3 2026 estimate to $0.78 from $0.76, and lifted its FY2028 forecast to $4.01 from $3.99. These revisions suggest improving expectations for the company’s longer-term earnings outlook. Cactus analyst estimates
• Positive Sentiment: Recent coverage highlighted Cactus’s 7.92% one-week gain and fresh 52-week high, supporting the stock’s momentum narrative. The company’s latest reported quarter also substantially exceeded revenue and EPS expectations, with revenue up 64.3% year over year. Cactus momentum analysis
• Neutral Sentiment: Discussion of higher oil prices and rising energy activity could support demand for Cactus’s pressure-control equipment, but the articles do not identify a specific new contract or measurable earnings impact. Oil prices and Cactus investors
• Negative Sentiment: Zacks Research reduced EPS forecasts across Q4 2026 and Q1–Q4 2027. Its FY2027 estimate fell to $3.14 from $3.55, while quarterly cuts included Q1 2027 to $0.75 from $0.84, Q2 to $0.78 from $0.87, Q3 to $0.80 from $0.90, and Q4 to $0.82 from $0.94. The revisions signal weaker expected near-term earnings momentum.
• Negative Sentiment: Citigroup downgraded Cactus after its strong year-to-date performance, and shares subsequently declined 6.6% in the August 20 session. With the stock near its 52-week high and trading at a relatively elevated earnings multiple, the downgrade increases the risk of profit-taking. Citi cuts Cactus

Insider Transactions at Cactus

In other Cactus news, CEO Scott Bender sold 100,000 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $63.89, for a total transaction of $6,389,000.00. Following the transaction, the chief executive officer directly owned 120,527 shares in the company, valued at approximately $7,700,470.03. This represents a 45.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Stephen Tadlock sold 38,455 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $63.80, for a total transaction of $2,453,429.00. Following the completion of the transaction, the chief executive officer directly owned 43,178 shares in the company, valued at $2,754,756.40. This trade represents a 47.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 263,455 shares of company stock valued at $16,261,764 in the last three months. Company insiders own 12.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on WHD. Stifel Nicolaus increased their target price on Cactus from $68.00 to $72.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Citigroup cut Cactus from a “buy” rating to a “neutral” rating and lifted their price target for the company from $67.00 to $75.00 in a report on Thursday. Barclays upped their price target on shares of Cactus from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Weiss Ratings raised shares of Cactus from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Finally, Piper Sandler raised their price objective on shares of Cactus from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $66.80.

Cactus Stock Up 1.2%

NYSE:WHD opened at $69.70 on Friday. The company has a market cap of $5.59 billion, a price-to-earnings ratio of 59.57, a P/E/G ratio of 2.43 and a beta of 1.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.81 and a current ratio of 2.59. The stock’s fifty day moving average price is $58.84 and its two-hundred day moving average price is $56.00. Cactus, Inc. has a 52-week low of $33.20 and a 52-week high of $74.07.

Cactus (NYSE:WHD) last released its earnings results on Wednesday, July 29th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.64 by $0.29. The company had revenue of $449.53 million during the quarter, compared to analysts’ expectations of $400.82 million. Cactus had a return on equity of 16.66% and a net margin of 6.01%.The business’s revenue for the quarter was up 64.3% on a year-over-year basis. During the same period last year, the firm earned $0.66 EPS. On average, analysts anticipate that Cactus, Inc. will post 3.12 EPS for the current year.

Cactus Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 31st will be issued a $0.15 dividend. This is a positive change from Cactus’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, August 31st. Cactus’s dividend payout ratio (DPR) is 47.86%.

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. Its products are sold and rented primarily for onshore unconventional oil and gas wells for drilling, completion, and production phases of the wells.