Cactus (NYSE:WHD) Reaches New 1-Year High – Here’s Why

Posted by Brian Himes on Aug 6th, 2026

Cactus, Inc. (NYSE:WHD – Get Free Report) shares hit a new 52-week high on Thursday . The company traded as high as $68.00 and last traded at $65.9110, with a volume of 861779 shares traded. The stock had previously closed at $67.21.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WHD. Weiss Ratings raised Cactus from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Piper Sandler boosted their price target on Cactus from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Barclays upped their price objective on Cactus from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday. Stifel Nicolaus increased their price objective on Cactus from $68.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Citigroup lifted their price objective on Cactus from $65.00 to $67.00 and gave the stock a “buy” rating in a research report on Thursday, June 18th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $65.20.

Check Out Our Latest Stock Report on WHD

Cactus Trading Down 1.9%

The company has a debt-to-equity ratio of 0.01, a current ratio of 2.59 and a quick ratio of 1.81. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 56.33, a price-to-earnings-growth ratio of 2.41 and a beta of 1.36. The business’s 50-day moving average price is $55.75 and its two-hundred day moving average price is $54.61.

Cactus (NYSE:WHD – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.29. The firm had revenue of $449.53 million for the quarter, compared to analyst estimates of $400.82 million. Cactus had a net margin of 6.01% and a return on equity of 16.66%. Cactus’s revenue was up 64.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.66 earnings per share. Equities analysts expect that Cactus, Inc. will post 3.07 earnings per share for the current year.

Cactus Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.9%. This is a positive change from Cactus’s previous quarterly dividend of $0.14. The ex-dividend date is Monday, August 31st. Cactus’s payout ratio is 47.86%.

Insiders Place Their Bets

In related news, CEO Stephen Tadlock sold 38,455 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer directly owned 43,178 shares in the company, valued at approximately $2,754,756.40. This represents a 47.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alan Semple sold 10,206 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $56.62, for a total value of $577,863.72. Following the transaction, the director owned 29,444 shares in the company, valued at $1,667,119.28. This trade represents a 25.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 260,661 shares of company stock valued at $15,827,218. 12.91% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cactus

A number of institutional investors have recently bought and sold shares of WHD. Aster Capital Management DIFC Ltd grew its holdings in Cactus by 73.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 742 shares of the company’s stock valued at $34,000 after purchasing an additional 314 shares during the period. Johnson Financial Group Inc. purchased a new position in Cactus during the third quarter worth approximately $33,000. Advisors Asset Management Inc. raised its stake in Cactus by 113.8% during the first quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock worth $47,000 after purchasing an additional 543 shares during the period. Harbor Investment Advisory LLC acquired a new position in shares of Cactus in the 2nd quarter valued at $58,000. Finally, Global Retirement Partners LLC boosted its holdings in shares of Cactus by 39,200.0% in the 4th quarter. Global Retirement Partners LLC now owns 1,179 shares of the company’s stock valued at $54,000 after purchasing an additional 1,176 shares during the last quarter. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

About Cactus

(Get Free Report)

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.