Lazard Asset Management LLC Sells 22,789 Shares of Cactus, Inc. $WHD

Lazard Asset Management LLC trimmed its holdings in shares of Cactus, Inc. (NYSE:WHD) by 14.5% in the first quarter, HoldingsChannel.com reports. The fund owned 133,857 shares of the company’s stock after selling 22,789 shares during the period. Lazard Asset Management LLC’s holdings in Cactus were worth $6,341,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Maryland State Retirement & Pension System raised its stake in shares of Cactus by 2.1% during the 4th quarter. Maryland State Retirement & Pension System now owns 10,066 shares of the company’s stock worth $460,000 after purchasing an additional 208 shares during the period. Covestor Ltd grew its position in Cactus by 8.6% during the fourth quarter. Covestor Ltd now owns 2,758 shares of the company’s stock valued at $126,000 after buying an additional 219 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in Cactus by 0.5% during the second quarter. CANADA LIFE ASSURANCE Co now owns 57,938 shares of the company’s stock worth $2,532,000 after buying an additional 269 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Cactus by 1.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 15,734 shares of the company’s stock worth $719,000 after buying an additional 300 shares during the last quarter. Finally, California State Teachers Retirement System increased its holdings in Cactus by 0.5% during the second quarter. California State Teachers Retirement System now owns 66,538 shares of the company’s stock worth $2,909,000 after buying an additional 306 shares during the last quarter. 85.11% of the stock is currently owned by institutional investors.

Trending Headlines about Cactus

Here are the key news stories impacting Cactus this week:

• Positive Sentiment: Cactus reported adjusted earnings of $0.93 per share, above consensus estimates ranging from $0.64 to $0.71 and up from $0.66 a year earlier. Revenue rose 64.3% year over year to $449.5 million, surpassing the $400.8 million consensus estimate. Cactus Q2 Adjusted Earnings, Revenue Rise; Raises Quarterly Dividend by 7%
• Positive Sentiment: Management raised the quarterly dividend by 7.1%, from $0.14 to $0.15 per share, payable September 11 to shareholders of record August 31. The increase reinforces the company’s shareholder-return strategy. Cactus Announces Second Quarter 2026 Results
• Positive Sentiment: The Spoolable Technologies segment is expected to grow revenue approximately 15% to 20% sequentially in the third quarter, providing an important growth driver. Analysts remain generally constructive, with a consensus rating of “Moderate Buy” and an average price target of $63.60. Cactus expects Spoolable Technologies revenue to rise 15%-20% in Q3
• Neutral Sentiment: The outlook is mixed by segment: Pressure Control revenue is expected to decline about 10% in the third quarter, partially offsetting growth in Spoolable Technologies. Investors will likely monitor whether the faster-growing segment can sustain the company’s overall momentum.
• Negative Sentiment: CEO Scott Bender sold 13,300 shares for approximately $732,000, reducing his direct holdings by 9.4%. The sale is a potential sentiment overhang, although he continues to own 128,219 shares. Insider Selling: Cactus CEO Sells 13,300 Shares

Cactus Stock Performance

Shares of WHD stock opened at $62.06 on Friday. The firm’s 50 day moving average is $55.46 and its 200 day moving average is $54.23. The stock has a market capitalization of $4.98 billion, a P/E ratio of 53.04, a PEG ratio of 1.97 and a beta of 1.38. Cactus, Inc. has a 12 month low of $33.20 and a 12 month high of $64.30. The company has a current ratio of 2.61, a quick ratio of 1.71 and a debt-to-equity ratio of 0.01.

Cactus (NYSE:WHD) last issued its earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.29. The business had revenue of $449.53 million for the quarter, compared to analysts’ expectations of $400.82 million. Cactus had a net margin of 6.01% and a return on equity of 16.81%. The business’s revenue for the quarter was up 64.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.66 EPS. On average, sell-side analysts anticipate that Cactus, Inc. will post 2.92 earnings per share for the current year.

Cactus Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 31st will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. This is a boost from Cactus’s previous quarterly dividend of $0.14. The ex-dividend date is Monday, August 31st. Cactus’s dividend payout ratio (DPR) is presently 47.86%.

Insider Activity at Cactus

In other Cactus news, CEO Scott Bender sold 13,300 shares of the firm’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $55.07, for a total value of $732,431.00. Following the completion of the transaction, the chief executive officer owned 128,219 shares in the company, valued at $7,061,020.33. This trade represents a 9.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the director directly owned 15,990 shares of the company’s stock, valued at $904,554.30. The trade was a 42.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 35,506 shares of company stock worth $1,989,135. 12.91% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Cactus Profile

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.