Royce & Associates LP Increases Holdings in Cactus, Inc. $WHD

Posted by Brian Himes on May 27th, 2026

Royce & Associates LP raised its stake in shares of Cactus, Inc. (NYSE:WHD – Free Report) by 7.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 398,549 shares of the company’s stock after buying an additional 28,973 shares during the quarter. Royce & Associates LP’s holdings in Cactus were worth $18,206,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in WHD. Wellington Management Group LLP raised its stake in Cactus by 52.8% during the third quarter. Wellington Management Group LLP now owns 3,304,595 shares of the company’s stock valued at $130,432,000 after buying an additional 1,141,249 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in Cactus during the second quarter valued at $30,648,000. Capital Research Global Investors purchased a new position in Cactus during the third quarter valued at $19,563,000. Ameriprise Financial Inc. raised its stake in Cactus by 130.7% during the second quarter. Ameriprise Financial Inc. now owns 694,149 shares of the company’s stock valued at $30,340,000 after buying an additional 393,260 shares during the last quarter. Finally, Danske Bank A S raised its stake in Cactus by 1,199.5% during the fourth quarter. Danske Bank A S now owns 352,367 shares of the company’s stock valued at $16,096,000 after buying an additional 325,252 shares during the last quarter. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Cactus Stock Up 0.6%

WHD stock opened at $62.65 on Wednesday. Cactus, Inc. has a 1-year low of $33.20 and a 1-year high of $64.30. The business has a fifty day moving average price of $53.37 and a 200-day moving average price of $50.84. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.61 and a quick ratio of 1.71. The stock has a market capitalization of $5.02 billion, a P/E ratio of 59.10, a P/E/G ratio of 2.45 and a beta of 1.37.

Cactus (NYSE:WHD – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.05. Cactus had a return on equity of 15.43% and a net margin of 6.17%.The firm had revenue of $388.35 million during the quarter, compared to analysts’ expectations of $380.42 million. During the same quarter in the previous year, the business earned $0.73 earnings per share. The company’s revenue was up 38.5% on a year-over-year basis. Equities analysts forecast that Cactus, Inc. will post 2.86 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, June 18th. Stockholders of record on Monday, June 1st will be paid a $0.14 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.56 annualized dividend and a dividend yield of 0.9%. Cactus’s payout ratio is currently 52.83%.

Insider Transactions at Cactus

In other news, President Joel Bender sold 106,809 shares of the business’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $49.92, for a total value of $5,331,905.28. Following the completion of the transaction, the president owned 27,793 shares in the company, valued at $1,387,426.56. The trade was a 79.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $577,863.72. Following the completion of the transaction, the director owned 29,444 shares of the company’s stock, valued at $1,667,119.28. This represents a 25.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 222,206 shares of company stock worth $11,295,784 over the last quarter. 12.91% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on WHD shares. Barclays lifted their price objective on Cactus from $62.00 to $70.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Stifel Nicolaus lifted their price objective on Cactus from $59.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Cactus in a report on Friday, March 27th. Wall Street Zen cut Cactus from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, Citigroup boosted their price target on Cactus from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.50.

Get Our Latest Stock Analysis on WHD

Cactus Company Profile

(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.