Cactus, Inc. $WHD Shares Acquired by Jennison Associates LLC

Jennison Associates LLC increased its position in shares of Cactus, Inc. (NYSE:WHD) by 202.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,713,701 shares of the company’s stock after buying an additional 1,146,766 shares during the period. Jennison Associates LLC’s holdings in Cactus were worth $81,178,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in WHD. Paradice Investment Management LLC grew its stake in shares of Cactus by 16.1% during the fourth quarter. Paradice Investment Management LLC now owns 675,932 shares of the company’s stock valued at $30,877,000 after acquiring an additional 93,714 shares in the last quarter. VELA Investment Management LLC lifted its stake in shares of Cactus by 24.2% in the fourth quarter. VELA Investment Management LLC now owns 146,042 shares of the company’s stock worth $6,671,000 after acquiring an additional 28,493 shares in the last quarter. UBS Group AG lifted its stake in shares of Cactus by 81.8% in the fourth quarter. UBS Group AG now owns 380,513 shares of the company’s stock worth $17,382,000 after acquiring an additional 171,223 shares in the last quarter. Vest Financial LLC boosted its holdings in Cactus by 24.7% in the fourth quarter. Vest Financial LLC now owns 134,568 shares of the company’s stock valued at $6,147,000 after purchasing an additional 26,669 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Cactus during the 4th quarter valued at approximately $2,053,000. Institutional investors and hedge funds own 85.11% of the company’s stock.

Cactus Stock Performance

Shares of WHD opened at $54.64 on Monday. The business’s fifty day moving average price is $56.13 and its 200 day moving average price is $53.81. Cactus, Inc. has a 12-month low of $33.20 and a 12-month high of $64.30. The stock has a market capitalization of $4.38 billion, a PE ratio of 51.55, a price-to-earnings-growth ratio of 2.05 and a beta of 1.38. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.61 and a quick ratio of 1.71.

Cactus (NYSE:WHD) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. Cactus had a net margin of 6.17% and a return on equity of 15.43%. The firm had revenue of $388.35 million during the quarter, compared to the consensus estimate of $380.42 million. During the same quarter in the previous year, the company posted $0.73 earnings per share. The firm’s revenue was up 38.5% on a year-over-year basis. Equities research analysts forecast that Cactus, Inc. will post 2.92 EPS for the current year.

Cactus Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 1st were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, June 1st. Cactus’s dividend payout ratio (DPR) is presently 52.83%.

Key Cactus News

Here are the key news stories impacting Cactus this week:

• Positive Sentiment: Zacks Research raised its earnings forecasts for Cactus across multiple future periods, including FY2027 to $3.55 per share and FY2028 to $3.99 per share, implying improved outlook and potentially supporting the stock.
• Positive Sentiment: Analysts also increased near- and medium-term quarterly EPS estimates, including Q4 2026, Q2 2027, Q3 2027, Q4 2027, Q1 2028, and Q2 2028, reinforcing expectations for steady earnings growth.
• Neutral Sentiment: Cactus announced it will release second-quarter 2026 earnings after market close on July 29 and host a conference call on July 30, setting up a near-term event that could move the shares depending on results. Article Title

Analysts Set New Price Targets

WHD has been the topic of a number of recent analyst reports. Barclays upped their target price on Cactus from $62.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Citigroup increased their price objective on shares of Cactus from $65.00 to $67.00 and gave the company a “buy” rating in a research note on Thursday, June 18th. Piper Sandler raised their price objective on shares of Cactus from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Weiss Ratings raised shares of Cactus from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $68.00 target price (up from $66.00) on shares of Cactus in a research report on Tuesday, June 16th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Cactus has a consensus rating of “Moderate Buy” and an average target price of $63.60.

Insider Activity

In other news, Director Michael Y. Mcgovern sold 12,000 shares of Cactus stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $56.57, for a total value of $678,840.00. Following the completion of the transaction, the director directly owned 15,990 shares of the company’s stock, valued at approximately $904,554.30. The trade was a 42.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Alan Semple sold 10,206 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $56.62, for a total transaction of $577,863.72. Following the sale, the director directly owned 29,444 shares of the company’s stock, valued at approximately $1,667,119.28. This represents a 25.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 12.91% of the company’s stock.

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.