Zacks Research Weighs in on Cactus’ Q3 Earnings (NYSE:WHD)

Cactus, Inc. (NYSE:WHD) – Zacks Research raised their Q3 2026 earnings per share estimates for Cactus in a report released on Wednesday, August 19th. Zacks Research analyst Team now expects that the company will post earnings of $0.78 per share for the quarter, up from their prior estimate of $0.76. The consensus estimate for Cactus’ current full-year earnings is $3.07 per share. Zacks Research also issued estimates for Cactus’ FY2026 earnings at $3.11 EPS, Q1 2027 earnings at $0.75 EPS, Q1 2028 earnings at $1.00 EPS and FY2028 earnings at $4.01 EPS.

Several other brokerages also recently commented on WHD. Barclays increased their target price on Cactus from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Citigroup downgraded Cactus from a “buy” rating to a “neutral” rating in a report on Thursday. Wall Street Zen upgraded shares of Cactus from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of Cactus from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, June 11th. Finally, Stifel Nicolaus increased their price objective on shares of Cactus from $68.00 to $72.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Cactus currently has a consensus rating of “Hold” and an average target price of $65.20.

Cactus Stock Up 0.8%

Shares of Cactus stock opened at $73.70 on Thursday. The company has a 50-day simple moving average of $58.41 and a two-hundred day simple moving average of $55.82. The stock has a market capitalization of $5.91 billion, a PE ratio of 62.99, a price-to-earnings-growth ratio of 2.62 and a beta of 1.36. Cactus has a 52-week low of $33.20 and a 52-week high of $74.07. 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) last released its earnings results on Wednesday, July 29th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.29. Cactus had a return on equity of 16.66% and a net margin of 6.01%.The firm had revenue of $449.53 million for the quarter, compared to analysts’ expectations of $400.82 million. During the same period in the prior year, the firm posted $0.66 earnings per share. The company’s quarterly revenue was up 64.3% on a year-over-year basis.

Hedge Funds Weigh In On Cactus

Several large investors have recently added to or reduced their stakes in WHD. Johnson Financial Group Inc. purchased a new stake in shares of Cactus in the third quarter worth $33,000. Aster Capital Management DIFC Ltd raised its holdings in Cactus by 73.4% during the fourth 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 period. Public Employees Retirement System of Ohio purchased a new position in shares of Cactus in the second quarter valued at about $35,000. Advisors Asset Management Inc. lifted its position in shares of Cactus by 113.8% in the first 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 lifted its position in shares of Cactus by 39,200.0% in the fourth quarter. Global Retirement Partners LLC now owns 1,179 shares of the company’s stock valued at $54,000 after acquiring an additional 1,176 shares in the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Insider Buying and Selling at Cactus

In other news, CEO Steven Bender sold 25,000 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $67.65, for a total value of $1,691,250.00. Following the completion of the sale, the chief executive officer directly owned 99,241 shares in the company, valued at $6,713,653.65. This represents a 20.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Stephen Tadlock sold 38,455 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer 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 position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 263,455 shares of company stock worth $16,261,764. 12.91% of the stock is currently owned by insiders.

Cactus Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 31st will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, August 31st. This represents a $0.60 annualized dividend and a dividend yield of 0.8%. This is a boost from Cactus’s previous quarterly dividend of $0.14. Cactus’s dividend payout ratio is 47.86%.

Cactus Company 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.