Cactus (NYSE:WHD) Cut to “Hold” at Wall Street Zen

Cactus (NYSE:WHD) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.

Several other equities analysts have also weighed in on WHD. Weiss Ratings restated a “hold (c)” rating on shares of Cactus in a report on Tuesday, September 8th. Barclays lifted their target price on shares of Cactus from $74.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, October 15th. Citigroup dropped their target price on shares of Cactus from $75.00 to $73.00 and set a “neutral” rating for the company in a research report on Wednesday, September 30th. Piper Sandler upped their target price 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. Finally, Stifel Nicolaus increased their price target on Cactus from $68.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $73.25.

Cactus Stock Performance

Cactus stock opened at $65.78 on Friday. The company has a current ratio of 3.06, a quick ratio of 1.81 and a debt-to-equity ratio of 0.01. Cactus has a 1 year low of $39.16 and a 1 year high of $74.07. The company has a market cap of $5.27 billion, a PE ratio of 45.68, a PEG ratio of 1.74 and a beta of 1.42. The company’s 50-day moving average is $65.90 and its two-hundred day moving average is $58.34.

Cactus (NYSE:WHD) last issued its earnings results on Wednesday, October 28th. The company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.19. Cactus had a net margin of 6.69% and a return on equity of 17.93%. The company had revenue of $430.89 million for the quarter, compared to analyst estimates of $437.94 million. During the same quarter last year, the firm earned $0.67 EPS. The company’s revenue for the quarter was up 63.2% on a year-over-year basis. Equities analysts anticipate that Cactus will post 3.09 earnings per share for the current year.

Insiders Place Their Bets

In related news, President Joel Bender sold 100,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $70.37, for a total transaction of $7,037,000.00. Following the completion of the sale, the president directly owned 41,519 shares of the company’s stock, valued at approximately $2,921,692.03. This represents a 70.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Stephen Tadlock sold 38,455 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $63.80, for a total value of $2,453,429.00. Following the sale, the chief executive officer directly owned 43,178 shares of the company’s stock, valued at approximately $2,754,756.40. The trade was a 47.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 363,455 shares of company stock valued at $23,767,679 over the last 90 days. 12.91% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cactus

Several large investors have recently made changes to their positions in WHD. Provenance Wealth Advisors LLC acquired a new stake in shares of Cactus during the third quarter worth $303,000. Bridge City Capital LLC boosted its stake in Cactus by 21.3% in the 3rd quarter. Bridge City Capital LLC now owns 80,820 shares of the company’s stock worth $5,029,000 after purchasing an additional 14,202 shares during the period. MGO One Seven LLC boosted its stake in Cactus by 12.6% in the 3rd quarter. MGO One Seven LLC now owns 7,018 shares of the company’s stock worth $437,000 after purchasing an additional 784 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in Cactus by 6.5% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 4,900 shares of the company’s stock worth $305,000 after purchasing an additional 300 shares during the period. Finally, Convergence Financial LLC acquired a new position in Cactus in the 3rd quarter worth $422,000. Institutional investors own 85.11% of the company’s stock.

More Cactus News

Here are the key news stories impacting Cactus this week:

• Positive Sentiment: Third-quarter earnings and revenue increased. Cactus reported higher adjusted earnings and revenue for the third quarter and first nine months of 2026, indicating continued demand for its pressure-control and drilling-related equipment. The results are the most significant near-term catalyst for the stock. Cactus third-quarter earnings results
• Positive Sentiment: The quarterly dividend was approved. Cactus declared a $0.15-per-share quarterly dividend, payable December 17, 2026, maintaining an annualized payout of $0.60 per share. The dividend provides ongoing shareholder support, although the approximately 0.9% yield is modest. Cactus dividend approval
• Neutral Sentiment: Cactus is planning a $100 million Middle East spoolable-products plant. The facility is targeted to begin operations in 2029 and could expand the company’s international growth opportunity. In the near term, however, the investment represents additional capital spending before any expected revenue contribution. Cactus also guided to fourth-quarter Pressure Control EBITDA margins of 23% to 25%, providing a key measure for investors to monitor. Cactus Middle East investment and margin guidance
• Neutral Sentiment: Competitive positioning remains a consideration. A review comparing Cactus with industry competitors offers context on the company’s market position, but does not appear to introduce a major new financial catalyst. Cactus and competition review

About Cactus

Cactus, Inc (NYSE: WHD) designs, manufactures, sells and rents wellhead and pressure-control equipment used in onshore oil and gas drilling and production. Its products are designed to help operators manage pressure and control access to wells during drilling, completion and production activities.

The company’s offerings include wellhead systems, frac stacks, zipper manifolds and other pressure-control equipment. Cactus also provides field services, including equipment installation, maintenance and support, as well as rental services for selected products.