Cactus (NYSE:WHD) Issues Earnings Results

Cactus (NYSE:WHD) released its quarterly earnings data on Wednesday. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.29, FiscalAI reports. The company had revenue of $449.53 million for the quarter, compared to analysts’ expectations of $400.82 million. Cactus had a net margin of 6.17% and a return on equity of 15.43%. The firm’s revenue for the quarter was up 64.3% on a year-over-year basis. During the same quarter last year, the company earned $0.66 earnings per share.

Cactus Stock Performance

WHD stock traded up $6.54 on Thursday, hitting $58.87. The company’s stock had a trading volume of 493,378 shares, compared to its average volume of 907,116. The firm has a 50 day moving average of $55.46 and a two-hundred day moving average of $54.16. Cactus has a 1 year low of $33.20 and a 1 year high of $64.30. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 55.78, a price-to-earnings-growth ratio of 2.00 and a beta of 1.38. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 31st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, August 31st. This is a positive change from Cactus’s previous quarterly dividend of $0.14. Cactus’s dividend payout ratio is presently 52.83%.

Key Stories Impacting Cactus

Here are the key news stories impacting Cactus this week:

• Positive Sentiment: Cactus reported second-quarter EPS of $0.93, well above estimates ranging from $0.64 to $0.71 and up from $0.66 a year earlier. Revenue rose 64.3% year over year to $449.53 million, exceeding the $400.82 million consensus estimate. The significant earnings and revenue beats are the primary catalysts supporting the stock. Cactus Announces Second Quarter 2026 Results
• Positive Sentiment: The company raised its quarterly dividend 7.1% to $0.15 per share, or $0.60 annualized, with a 1.1% yield. The dividend is payable September 11 to shareholders of record August 31, signaling continued confidence in cash generation. Cactus Dividend and Stock Information
• Neutral Sentiment: Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $63.60. However, Cactus trades at a relatively elevated valuation, with a P/E ratio above 50, leaving the stock sensitive to any slowdown in future growth.
• Negative Sentiment: CEO Scott Bender sold 13,300 shares for approximately $732,431, reducing his direct ownership by 9.4%. Although insider sales can reflect personal liquidity or diversification rather than a change in business outlook, the transaction may create some near-term investor caution. Insider Selling: Cactus CEO Sells Shares

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Stifel Nicolaus reaffirmed 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. Citigroup boosted their price target on shares of Cactus from $65.00 to $67.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Piper Sandler upped their price objective on shares of Cactus from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Barclays raised their price objective on Cactus from $62.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Finally, Weiss Ratings upgraded Cactus from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $63.60.

Insiders Place Their Bets

In other Cactus news, CEO Scott Bender sold 13,300 shares of the firm’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $55.07, for a total transaction of $732,431.00. Following the transaction, the chief executive officer directly owned 128,219 shares of the company’s stock, valued at approximately $7,061,020.33. This trade represents a 9.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael Y. Mcgovern sold 12,000 shares of Cactus stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $56.57, for a total transaction of $678,840.00. Following the completion of the transaction, the director owned 15,990 shares in the company, valued at approximately $904,554.30. This represents a 42.87% decrease in their ownership of the stock. 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 valued at $1,989,135. Insiders own 12.91% of the company’s stock.

Hedge Funds Weigh In On Cactus

Several institutional investors have recently added to or reduced their stakes in the stock. State of Tennessee Department of Treasury lifted its position in Cactus by 12.1% during the 4th quarter. State of Tennessee Department of Treasury now owns 35,452 shares of the company’s stock worth $1,619,000 after acquiring an additional 3,823 shares during the period. EP Wealth Advisors LLC acquired a new position in shares of Cactus in the fourth quarter valued at approximately $335,000. Cim LLC purchased a new stake in shares of Cactus during the fourth quarter worth approximately $218,000. Voloridge Investment Management LLC raised its stake in shares of Cactus by 25.9% during the fourth quarter. Voloridge Investment Management LLC now owns 74,035 shares of the company’s stock worth $3,382,000 after purchasing an additional 15,229 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Cactus by 20.0% during the fourth quarter. Wellington Management Group LLP now owns 3,963,961 shares of the company’s stock worth $181,074,000 after purchasing an additional 659,366 shares during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.

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.