Key Points
- Joel Bender, President of Cactus, sold 106,809 shares on March 10 at an average price of $49.92 for $5.33M, leaving him with 27,793 shares and a reported 79.35% drop in his direct ownership (SEC Form 4).
- Across March 5–10 Bender sold a total of 200,000 shares for roughly $10.04M (63,963 and 29,228-share sales on March 5 and 6), a sizable insider divestiture that may weigh on investor sentiment.
- Cactus beat Q4 estimates (EPS $0.65 vs. $0.58; revenue $261.2M vs. $250.6M) but revenue was down 4% YoY; the company pays a $0.14 quarterly dividend (1.2% yield) and has a consensus analyst rating of Moderate Buy with an average price target of $56.33.
Cactus, Inc. (NYSE:WHD - Get Free Report) President Joel Bender sold 29,228 shares of the company's stock in a transaction on Friday, March 6th. The stock was sold at an average price of $50.01, for a total value of $1,461,692.28. Following the completion of the sale, the president directly owned 213,610 shares in the company, valued at approximately $10,682,636.10. The trade was a 12.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Joel Bender also recently made the following trade(s):
- On Tuesday, March 10th, Joel Bender sold 106,809 shares of Cactus stock. The stock was sold at an average price of $49.92, for a total transaction of $5,331,905.28.
- On Thursday, March 5th, Joel Bender sold 63,963 shares of Cactus stock. The shares were sold at an average price of $50.74, for a total transaction of $3,245,482.62.
Cactus Stock Performance
Shares of NYSE WHD traded down $2.36 during midday trading on Thursday, hitting $46.20. 24,302 shares of the stock traded hands, compared to its average volume of 1,064,846. The firm has a market capitalization of $3.69 billion, a P/E ratio of 19.28, a PEG ratio of 4.77 and a beta of 1.25. Cactus, Inc. has a one year low of $33.20 and a one year high of $59.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.13 and a current ratio of 5.81. The firm has a 50-day moving average of $53.98 and a two-hundred day moving average of $45.94.
Cactus (NYSE:WHD - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. The company had revenue of $261.20 million during the quarter, compared to analyst estimates of $250.60 million. Cactus had a return on equity of 15.18% and a net margin of 15.39%.Cactus's revenue was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 earnings per share. On average, equities analysts forecast that Cactus, Inc. will post 3.08 EPS for the current fiscal year.
Cactus Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Monday, March 2nd. Cactus's payout ratio is currently 23.33%.
Cactus News Summary
Here are the key news stories impacting Cactus this week:
- Positive Sentiment: Stifel Nicolaus published a buy on Cactus, providing independent broker support that can boost investor demand. Cactus (WHD) Gets a Buy from Stifel Nicolaus
- Positive Sentiment: Zacks raised several near-term quarter estimates (notably Q1 2027 to $0.86 from $0.78, and small bumps for Q3/Q4 2026), signaling pockets of improving short-term expectations for earnings.
- Neutral Sentiment: Zacks Research kept a "Hold" rating and issued a FY2028 view (EPS $3.66) — useful for longer-term modeling but not an immediate catalyst.
- Neutral Sentiment: Zacks also released an earnings/strategy note covering the company’s results and risks; that commentary may guide some investors but doesn’t change the rating. Cactus, Inc. Earnings Call: Profits, Deal, and Risks
- Negative Sentiment: Zacks trimmed several near-term estimates (Q1 2026 to $0.60 from $0.64, Q2 2026 to $0.65 from $0.72, and cut FY2026 to $2.64 from $2.72), which lowers short‑term earnings expectations and could pressure the multiple.
- Negative Sentiment: Company president Joel Bender sold large blocks of stock in filings this week (Form 4 disclosures show recent sales of 106,809 shares at ~$49.92 and 29,228 shares at ~$50.01). Large insider selling often weighs on sentiment even if sales are for diversification or liquidity. Form 4 - 106,809-share sale Form 4 - 29,228-share sale
- Negative Sentiment: Additional reporting flagged insider sale coverage and headline risk (e.g., large reported sale totals), which can amplify downward momentum. Cactus (NYSE:WHD) President Sells $3,245,482.62 in Stock
- Negative Sentiment: Broader coverage grouped Cactus with other energy/land names in a story about sharp share moves, which can increase volatility and short-term selling pressure. Texas Pacific Land, Cactus, and BKV shares plummet, what you need to know
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Vest Financial LLC raised its holdings in Cactus by 35.3% in the third quarter. Vest Financial LLC now owns 107,899 shares of the company's stock worth $4,259,000 after purchasing an additional 28,139 shares in the last quarter. Hudson Edge Investment Partners Inc. lifted its position in Cactus by 249.2% during the third quarter. Hudson Edge Investment Partners Inc. now owns 28,388 shares of the company's stock valued at $1,120,000 after acquiring an additional 20,258 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Cactus in the third quarter valued at approximately $1,872,000. AGF Management Ltd. purchased a new position in Cactus in the second quarter worth $672,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in Cactus during the 3rd quarter valued at about $525,000. 85.11% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the stock. Citigroup raised their price objective on shares of Cactus from $55.00 to $63.00 and gave the stock a "buy" rating in a report on Tuesday, March 3rd. Weiss Ratings reissued a "hold (c)" rating on shares of Cactus in a research report on Monday, December 29th. Wall Street Zen raised shares of Cactus from a "hold" rating to a "buy" rating in a research note on Saturday, March 7th. Zacks Research cut shares of Cactus from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 26th. Finally, Barclays increased their price target on Cactus from $56.00 to $62.00 and gave the company an "overweight" rating in a research note on Monday, March 2nd. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $56.33.
Read Our Latest Report on WHD
Cactus Company Profile
(
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
