Cactus (NYSE:WHD) Sets New 12-Month High – Time to Buy?

Shares of Cactus, Inc. (NYSE:WHD) reached a new 52-week high on Friday . The company traded as high as $64.63 and last traded at $61.9570, with a volume of 65441 shares changing hands. The stock had previously closed at $62.00.

Key Cactus News

Here are the key news stories impacting Cactus this week:

• Positive Sentiment: Cactus reported adjusted earnings of $0.93 per share, well above the $0.64–$0.71 analyst estimates and up from $0.66 a year earlier. Revenue rose 64.3% year over year to $449.5 million, exceeding the roughly $400.8 million consensus estimate. WHD Q2 Earnings Beat Estimates on Pressure Control, Spoolable Growth
• Positive Sentiment: International demand for Pressure Control and Spoolable Technologies supported earnings growth and expanded backlog, reinforcing the company’s near-term growth story. Cactus Announces Second Quarter 2026 Results
• Positive Sentiment: The board raised the quarterly dividend by 7.1%, from $0.14 to $0.15 per share, signaling confidence in cash generation and modestly improving shareholder returns. Cactus Q2 Adjusted Earnings, Revenue Rise; Raises Quarterly Dividend by 7%
• Positive Sentiment: Management expects Spoolable Technologies revenue to increase approximately 15%–20% in the third quarter, helping offset weakness elsewhere. Cactus Q3 Spoolable Technologies Outlook
• Neutral Sentiment: Despite the upbeat results, Cactus expects third-quarter Pressure Control revenue to decline about 10%, creating a mixed segment outlook. The stock is trading near its 52-week high, which may limit additional upside unless growth continues to exceed expectations. Cactus Q2 2026 Earnings Call Transcript
• Negative Sentiment: CEO Scott Bender sold 13,300 shares for approximately $732,000, reducing his direct ownership by 9.4%. While the sale may be routine, insider selling can weigh on investor sentiment. Insider Selling: Cactus CEO Sells 13,300 Shares

Wall Street Analysts Forecast Growth

WHD has been the subject of a number of recent research reports. Stifel Nicolaus boosted their price target on Cactus from $68.00 to $72.00 and gave the company a “buy” rating in a research note on Friday. 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 increased their price objective on shares of Cactus from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Citigroup raised their price objective on shares of Cactus from $65.00 to $67.00 and gave the stock a “buy” rating in a report on Thursday, June 18th. Finally, Barclays boosted their target price on shares of Cactus from $62.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $64.40.

Cactus Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.71 and a current ratio of 2.61. The business’s fifty day simple moving average is $55.46 and its 200-day simple moving average is $54.23. The firm has a market capitalization of $5.03 billion, a PE ratio of 53.76, a price-to-earnings-growth ratio of 1.97 and a beta of 1.38.

Cactus (NYSE:WHD) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.29. Cactus had a net margin of 6.01% and a return on equity of 16.81%. The firm had revenue of $449.53 million for the quarter, compared to analysts’ expectations of $400.82 million. During the same quarter last year, the business posted $0.66 earnings per share. The company’s revenue for the quarter was up 64.3% compared to the same quarter last year. As a group, equities research analysts expect that Cactus, Inc. will post 2.92 EPS for the current year.

Cactus Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Monday, August 31st will be paid a dividend of $0.15 per share. 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. This represents a $0.60 annualized dividend and a yield of 1.0%. Cactus’s dividend payout ratio is 47.86%.

Insider Buying and Selling at Cactus

In other Cactus news, Director Michael Y. Mcgovern sold 12,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $56.57, for a total value of $678,840.00. Following the sale, the director owned 15,990 shares in the company, valued at $904,554.30. The trade was a 42.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan Semple sold 10,206 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $56.62, for a total transaction of $577,863.72. Following the completion of the sale, the director owned 29,444 shares in the company, valued at approximately $1,667,119.28. The trade was a 25.74% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 35,506 shares of company stock worth $1,989,135. Insiders own 12.91% of the company’s stock.

Institutional Investors Weigh In On Cactus

Large investors have recently made changes to their positions in 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 valued at $460,000 after buying an additional 208 shares during the last quarter. Covestor Ltd boosted its stake in shares of Cactus by 8.6% in the fourth quarter. Covestor Ltd now owns 2,758 shares of the company’s stock worth $126,000 after buying an additional 219 shares during the last quarter. CANADA LIFE ASSURANCE Co grew 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 acquiring an additional 269 shares during the period. Oregon Public Employees Retirement Fund grew 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 acquiring an additional 300 shares during the period. Finally, California State Teachers Retirement System grew 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 acquiring an additional 306 shares during the period. 85.11% of the stock is owned by institutional investors.

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.