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

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

Other equities research analysts also recently issued reports about the company. Piper Sandler lifted their target price on Cactus from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Weiss Ratings restated a “hold (c)” rating on shares of Cactus in a research note on Tuesday, September 8th. Stifel Nicolaus upped their price target on Cactus from $68.00 to $72.00 and gave the company a “buy” rating in a report on Friday, July 31st. Citigroup reduced their price objective on Cactus from $75.00 to $73.00 and set a “neutral” rating for the company in a research report on Wednesday, September 30th. Finally, Barclays lifted their price objective on Cactus from $74.00 to $75.00 and gave the stock an “overweight” rating in a report on Thursday, October 15th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $73.25.

Cactus Trading Up 0.4%

Shares of Cactus stock opened at $65.78 on Friday. Cactus has a 1 year low of $39.16 and a 1 year high of $74.07. The company’s fifty day simple moving average is $65.90 and its 200-day simple moving average is $58.34. The company has a market cap of $5.27 billion, a price-to-earnings ratio of 45.68, a PEG ratio of 1.74 and a beta of 1.42. 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 (NYSE:WHD) last released its earnings results on Wednesday, October 28th. The company reported $0.96 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 firm had revenue of $430.89 million during the quarter, compared to analysts’ expectations of $437.94 million. During the same period in the prior year, the company earned $0.67 EPS. The business’s quarterly revenue was up 63.2% compared to the same quarter last year. As a group, sell-side analysts expect that Cactus will post 3.09 EPS for the current year.

Insider Activity

In related 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 transaction of $1,691,250.00. Following the completion of the sale, the chief executive officer owned 99,241 shares in the company, valued at $6,713,653.65. This trade represents a 20.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Joel Bender sold 100,000 shares of the stock in a transaction dated 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 sale, the president owned 41,519 shares of the company’s stock, valued at $2,921,692.03. This trade represents a 70.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 363,455 shares of company stock worth $23,767,679 in the last quarter. 12.91% of the stock is owned by company insiders.

Institutional Trading of Cactus

Several hedge funds have recently modified their holdings of WHD. First Trust Advisors LP increased its holdings in shares of Cactus by 13.7% in the first quarter. First Trust Advisors LP now owns 2,090,619 shares of the company’s stock valued at $99,033,000 after purchasing an additional 251,283 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Cactus by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,821,142 shares of the company’s stock worth $86,266,000 after buying an additional 53,576 shares in the last quarter. Jennison Associates LLC lifted its holdings in Cactus by 202.3% during the 1st quarter. Jennison Associates LLC now owns 1,713,701 shares of the company’s stock worth $81,178,000 after buying an additional 1,146,766 shares in the last quarter. Encompass Capital Advisors LLC bought a new position in Cactus in the 1st quarter valued at $36,262,000. Finally, Bank of America Corp DE boosted its position in Cactus by 34.8% in the 1st quarter. Bank of America Corp DE now owns 659,889 shares of the company’s stock valued at $31,259,000 after buying an additional 170,534 shares during the last quarter. Institutional investors and hedge funds own 85.11% of the company’s stock.

Key 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.