Cactus, Inc. (NYSE:WHD) Receives $58.00 Consensus Target Price from Analysts

Shares of Cactus, Inc. (NYSE:WHD) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $60.50.

A number of research analysts have recently commented on the stock. Stifel Nicolaus upped their price target on shares of Cactus from $59.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday. Zacks Research cut shares of Cactus from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Barclays increased their target price on shares of Cactus from $62.00 to $70.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Piper Sandler increased their target price on shares of Cactus from $69.00 to $72.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Citigroup increased their target price on shares of Cactus from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Monday, May 11th.

Insiders Place Their Bets

In other Cactus news, President Joel Bender sold 106,809 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $49.92, for a total transaction of $5,331,905.28. Following the transaction, the president directly owned 27,793 shares in the company, valued at $1,387,426.56. This represents a 79.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Y. Mcgovern sold 12,000 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $56.57, for a total transaction of $678,840.00. Following the transaction, the director owned 15,990 shares in the company, valued at approximately $904,554.30. The trade was a 42.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 222,206 shares of company stock worth $11,295,784 in the last three months. Corporate insiders own 12.91% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its holdings in Cactus by 67.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 642 shares of the company’s stock worth $25,000 after acquiring an additional 259 shares in the last quarter. Aster Capital Management DIFC Ltd grew its holdings in Cactus by 73.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 742 shares of the company’s stock worth $34,000 after acquiring an additional 314 shares in the last quarter. Johnson Financial Group Inc. bought a new position in Cactus during the 3rd quarter worth about $33,000. Advisors Asset Management Inc. boosted its holdings 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 in the last quarter. Finally, Huntington National Bank boosted its holdings in shares of Cactus by 55.4% in the 3rd quarter. Huntington National Bank now owns 1,094 shares of the company’s stock valued at $43,000 after buying an additional 390 shares in the last quarter. 85.11% of the stock is currently owned by institutional investors.

Cactus Trading Up 0.2%

NYSE WHD opened at $62.22 on Monday. The company’s 50-day moving average price is $52.72 and its 200-day moving average price is $50.52. The company has a current ratio of 2.61, a quick ratio of 1.71 and a debt-to-equity ratio of 0.01. The stock has a market cap of $4.99 billion, a PE ratio of 58.70, a PEG ratio of 2.45 and a beta of 1.37. Cactus has a 12 month low of $33.20 and a 12 month high of $62.75.

Cactus (NYSE:WHD) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. The firm had revenue of $388.35 million for the quarter, compared to analysts’ expectations of $380.42 million. Cactus had a net margin of 6.17% and a return on equity of 15.43%. The business’s revenue for the quarter was up 38.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 earnings per share. Equities research analysts forecast that Cactus will post 2.86 earnings per share for the current year.

Cactus Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, June 1st. Cactus’s dividend payout ratio is presently 52.83%.

Cactus News Roundup

Here are the key news stories impacting Cactus this week:

• Positive Sentiment: Zacks Research raised its EPS estimates for Cactus across several future periods, including FY2026 to $2.83, FY2027 to $3.42, and FY2028 to $3.81, reflecting improved earnings expectations.
• Positive Sentiment: The firm also lifted near- and mid-term quarterly forecasts, including Q2 2026, Q4 2026, Q2 2027, Q3 2027, Q4 2027 and Q1 2028, suggesting analysts see a steadier earnings trajectory ahead.
• Neutral Sentiment: Despite the higher estimates, Zacks Research maintained a Hold rating on Cactus, Inc. (NYSE: WHD), indicating limited conviction in the stock at current levels.

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.