Cactus (NYSE:WHD) Sets New 1-Year High – Time to Buy?

by · The Markets Daily

Cactus, Inc. (NYSE:WHD – Get Free Report)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $74.07 and last traded at $73.9060, with a volume of 50257 shares changing hands. The stock had previously closed at $73.13.

Trending Headlines about Cactus

Here are the key news stories impacting Cactus this week:

  • Positive Sentiment: Higher oil prices and increasing energy activity could support drilling and completion demand, potentially benefiting Cactus’s wellhead and pressure-control equipment businesses. Should Higher Oil Prices And Rising Energy Activity Require Action From Cactus Investors?
  • Positive Sentiment: Zacks highlighted Cactus’s strong recent momentum after the stock reached a fresh 52-week high and gained 7.92% over one week. The company’s fundamentals and expected earnings growth remain supportive, although the article questions how much upside remains. Cactus Hits Fresh High Cactus Is Up 7.92 Percent in One Week
  • Positive Sentiment: Zacks Research raised its FY2026 EPS forecast to $3.11 from $2.91, lifted Q3 2026 and FY2028 estimates modestly, and increased its Q1 2028 forecast to $1.00 from $0.98. These revisions indicate expectations for continued earnings growth. Cactus Earnings Estimate Revisions
  • Neutral Sentiment: Cactus’s GF Score was reported at 97, reflecting strong historical profitability, growth, and financial strength measures. However, the score is backward-looking and does not eliminate concerns about the stock’s elevated valuation after its substantial rally. Cactus GF Score
  • Negative Sentiment: Citi downgraded Cactus following its strong year-to-date performance, suggesting the recent rally may have limited additional upside or that the shares have become fully valued. The downgrade likely contributed to profit-taking. Cactus Cut at Citi
  • Negative Sentiment: Zacks lowered its Q1 2027 EPS estimate to $0.75 from $0.84, introducing a near-term earnings caution despite upward revisions elsewhere. Investors may view the mixed estimates as evidence that growth could be uneven.

Wall Street Analyst Weigh In

WHD has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Cactus from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of Cactus from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Stifel Nicolaus increased their price objective on shares of Cactus from $68.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Citigroup lowered shares of Cactus from a “buy” rating to a “neutral” rating and raised their target price for the company from $67.00 to $75.00 in a report on Thursday. Finally, Barclays boosted their target price on shares of Cactus from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $66.80.

View Our Latest Analysis on WHD

Cactus Stock Performance

The stock has a fifty day simple moving average of $58.62 and a two-hundred day simple moving average of $55.91. The stock has a market cap of $5.55 billion, a price-to-earnings ratio of 59.21, a P/E/G ratio of 2.60 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.

Cactus (NYSE:WHD – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.29. Cactus had a return on equity of 16.66% and a net margin of 6.01%.The company had revenue of $449.53 million for the quarter, compared to analyst estimates of $400.82 million. During the same quarter last year, the company posted $0.66 EPS. The company’s revenue for the quarter was up 64.3% compared to the same quarter last year. Analysts expect that Cactus, Inc. will post 3.12 EPS for the current fiscal year.

Cactus Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 31st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.9%. This is a boost from Cactus’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Monday, August 31st. Cactus’s payout ratio is 47.86%.

Insiders Place Their Bets

In other news, CEO Steven Bender sold 25,000 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $67.65, for a total value of $1,691,250.00. Following the completion of the transaction, the chief executive officer owned 99,241 shares of the company’s stock, valued at approximately $6,713,653.65. This represents a 20.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Scott Bender sold 100,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 120,527 shares in the company, valued at approximately $7,700,470.03. The trade was a 45.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 263,455 shares of company stock worth $16,261,764. Insiders own 12.91% of the company’s stock.

Hedge Funds Weigh In On Cactus

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Johnson Financial Group Inc. bought a new stake in shares of Cactus during the third quarter worth $33,000. Aster Capital Management DIFC Ltd lifted its stake in shares of Cactus by 73.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 742 shares of the company’s stock valued at $34,000 after acquiring an additional 314 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Cactus during the 2nd quarter valued at $35,000. Advisors Asset Management Inc. boosted its holdings in shares of Cactus by 113.8% during the 1st quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock valued at $47,000 after acquiring an additional 543 shares in the last quarter. Finally, Global Retirement Partners LLC grew its position in Cactus by 39,200.0% during the 4th quarter. Global Retirement Partners LLC now owns 1,179 shares of the company’s stock worth $54,000 after acquiring an additional 1,176 shares during the last quarter. Institutional investors own 85.11% of the company’s stock.

About Cactus

(Get Free Report)

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.

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