Insider Selling: Cactus (NYSE:WHD) President Sells $1,461,692.28 in Stock

Cactus, Inc. (NYSE:WHD) President Joel Bender sold 29,228 shares of Cactus stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $50.01, for a total value of $1,461,692.28. Following the completion of the sale, the president directly owned 213,610 shares in the company, valued at $10,682,636.10. This represents a 12.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Joel Bender also recently made the following trade(s):

• On Tuesday, March 10th, Joel Bender sold 106,809 shares of Cactus stock. The stock was sold at an average price of $49.92, for a total value of $5,331,905.28.
• On Thursday, March 5th, Joel Bender sold 63,963 shares of Cactus stock. The shares were sold at an average price of $50.74, for a total value of $3,245,482.62.

Cactus Trading Up 0.9%

Shares of WHD stock opened at $46.43 on Friday. The stock’s fifty day moving average is $53.98 and its two-hundred day moving average is $45.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.13 and a current ratio of 5.81. The firm has a market capitalization of $3.71 billion, a P/E ratio of 19.35, a PEG ratio of 4.55 and a beta of 1.25. Cactus, Inc. has a fifty-two week low of $33.20 and a fifty-two week high of $59.25.

Cactus (NYSE:WHD) last announced its earnings results on Wednesday, February 25th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.07. Cactus had a net margin of 15.39% and a return on equity of 15.18%. The company had revenue of $261.20 million for the quarter, compared to analysts’ expectations of $250.60 million. During the same quarter in the previous year, the company posted $0.71 EPS. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. Research analysts expect that Cactus, Inc. will post 3.08 earnings per share for the current fiscal year.

Cactus Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Monday, March 2nd will be given a dividend of $0.14 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.56 dividend on an annualized basis and a yield of 1.2%. Cactus’s payout ratio is presently 23.33%.

Analyst Ratings Changes

A number of research firms have commented on WHD. Zacks Research downgraded shares of Cactus from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Weiss Ratings restated a “hold (c)” rating on shares of Cactus in a report on Monday, December 29th. Piper Sandler started coverage on Cactus in a research report on Tuesday, February 24th. They issued an “overweight” rating and a $73.00 price target for the company. Barclays lifted their price objective on Cactus from $56.00 to $62.00 and gave the stock an “overweight” rating in a research report on Monday, March 2nd. Finally, Citigroup boosted their price objective on Cactus from $55.00 to $63.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Cactus presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.33.

Hedge Funds Weigh In On Cactus

Institutional investors and hedge funds have recently bought and sold shares of the company. Advisors Asset Management Inc. grew its stake in shares of Cactus by 113.8% in the 1st quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock valued at $47,000 after buying an additional 543 shares during the period. AQR Capital Management LLC raised its position in shares of Cactus by 101.1% during the 1st quarter. AQR Capital Management LLC now owns 11,427 shares of the company’s stock valued at $524,000 after buying an additional 5,745 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Cactus by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,685 shares of the company’s stock valued at $1,819,000 after acquiring an additional 1,733 shares during the last quarter. United Services Automobile Association acquired a new position in Cactus in the first quarter valued at approximately $203,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Cactus by 26.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,931 shares of the company’s stock worth $10,400,000 after acquiring an additional 46,835 shares during the period. 85.11% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Cactus

Here are the key news stories impacting Cactus this week:

• Positive Sentiment: Stifel Nicolaus published a buy on Cactus, giving independent broker support that can boost demand from discretionary investors. Cactus (WHD) Gets a Buy from Stifel Nicolaus
• Positive Sentiment: Several research shops raised near‑term targets/estimates and price objectives (e.g., Citigroup and Barclays increased price targets; Zacks raised Q1 2027 to $0.86 and bumped a few 2026 quarters), signaling pockets of improved short‑term earnings expectations and analyst support.
• Neutral Sentiment: Zacks Research retains a “Hold” on WHD and published a FY2028 view (EPS $3.66). That keeps the consensus framework intact but does not constitute an upgrade to conviction for many investors.
• Neutral Sentiment: Latest quarterly results (Feb. 25) showed an EPS beat ($0.65 vs. $0.58) and better‑than‑expected revenue, though revenue was down ~4% year‑over‑year — supportive for fundamentals but mixed on growth momentum.
• Neutral Sentiment: Company declared a quarterly dividend ($0.14; annualized $0.56, ~1.2% yield), a modest income signal but unlikely to be a major catalyst.
• Negative Sentiment: Zacks cut several near‑term EPS forecasts (multiple Q1–Q3 2026 cuts and FY2026 trimmed to $2.64), which lowers short‑term earnings expectations and can pressure valuation multiples.
• Negative Sentiment: Material insider selling by President Joel Bender: recent Form 4 filings show large blocks sold (106,809 shares at ~$49.92 and prior lots at ~$50.01 and ~$50.74). Heavy insider sales are often viewed negatively by the market even if for personal/liquidity reasons. Form 4 – 106,809-share sale Form 4 – 29,228-share sale
• Negative Sentiment: Media coverage highlighting the large insider sales and grouping Cactus with other volatile energy/land names can amplify headline-driven selling and short-term volatility. Coverage: President Sells

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.