11,379 Cactus, Inc. $WHD Shares Sold by State of Alaska Department of Revenue

Posted by Brenda Bartman on Oct 22nd, 2026

State of Alaska Department of Revenue lessened its stake in shares of Cactus, Inc. (NYSE:WHD – Free Report) by 44.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,971 shares of the company’s stock after selling 11,379 shares during the period. State of Alaska Department of Revenue’s holdings in Cactus were worth $868,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio purchased a new position in Cactus during the second quarter worth $35,000. Harbor Investment Advisory LLC bought a new position in Cactus during the second quarter valued at $58,000. Parkside Financial Bank & Trust increased its position in Cactus by 474.5% during the second quarter. Parkside Financial Bank & Trust now owns 1,465 shares of the company’s stock valued at $75,000 after acquiring an additional 1,210 shares during the last quarter. GAMMA Investing LLC increased its position in Cactus by 29.5% during the second quarter. GAMMA Investing LLC now owns 2,532 shares of the company’s stock valued at $130,000 after acquiring an additional 577 shares during the last quarter. Finally, Nykredit A S purchased a new stake in shares of Cactus in the second quarter valued at $133,000. Hedge funds and other institutional investors own 85.11% of the company’s stock.

Cactus Stock Performance

WHD stock opened at $64.20 on Thursday. The company has a quick ratio of 1.81, a current ratio of 2.59 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $67.03 and its two-hundred day simple moving average is $60.28. Cactus, Inc. has a twelve month low of $37.15 and a twelve month high of $74.07. The firm has a market cap of $5.15 billion, a price-to-earnings ratio of 54.88, a PEG ratio of 1.67 and a beta of 1.42.

Cactus (NYSE:WHD – Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.29. The business had revenue of $449.53 million during the quarter, compared to the consensus estimate of $400.82 million. Cactus had a return on equity of 16.66% and a net margin of 6.01%. The business’s revenue for the quarter was up 64.3% compared to the same quarter last year. During the same period last year, the company earned $0.66 earnings per share. Analysts predict that Cactus, Inc. will post 3.08 earnings per share for the current year.

Cactus Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Monday, August 31st were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.60 annualized dividend and a yield of 0.9%. This is a boost from Cactus’s previous quarterly dividend of $0.14. Cactus’s payout ratio is 51.28%.

Insider Activity at Cactus

In related news, CEO Scott Bender sold 100,000 shares of Cactus stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $61.97, for a total transaction of $6,197,000.00. Following the completion of the sale, the chief executive officer owned 120,527 shares in the company, valued at $7,469,058.19. This trade represents a 45.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Stephen Tadlock sold 38,455 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $63.80, for a total transaction of $2,453,429.00. Following the completion of the sale, the chief executive officer directly owned 43,178 shares of the company’s stock, valued at approximately $2,754,756.40. This trade represents a 47.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 463,455 shares of company stock worth $29,495,764. 12.91% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Citigroup lowered their target price on shares of Cactus from $75.00 to $73.00 and set a “neutral” rating for the company in a report on Wednesday, September 30th. Piper Sandler upped their price target on shares of Cactus from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Stifel Nicolaus increased their price objective on shares of Cactus from $68.00 to $72.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Wall Street Zen upgraded Cactus from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cactus in a research report on Tuesday, September 8th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Cactus has a consensus rating of “Hold” and an average price target of $66.60.

Read Our Latest Research Report on Cactus

Cactus Company Profile

(Free Report)

Cactus, Inc (NYSE: WHD) designs, manufactures, sells and rents wellhead and pressure-control equipment used in onshore oil and gas drilling and production. Its products are designed to help operators manage pressure and control access to wells during drilling, completion and production activities.

The company’s offerings include wellhead systems, frac stacks, zipper manifolds and other pressure-control equipment. Cactus also provides field services, including equipment installation, maintenance and support, as well as rental services for selected products.