Cactus (NYSE:WHD) Cut to “Hold” at Zacks Research

Zacks Research cut shares of Cactus (NYSE:WHD) from a strong-buy rating to a hold rating in a report released on Monday,Zacks.com reports. Zacks Research also issued estimates for Cactus’ Q1 2026 earnings at $0.64 EPS, Q2 2026 earnings at $0.72 EPS and FY2026 earnings at $2.72 EPS.

A number of other research analysts also recently commented on the stock. Citigroup upgraded shares of Cactus from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $45.00 to $55.00 in a research note on Thursday, December 11th. Bank of America upgraded Cactus from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $39.00 to $40.00 in a report on Wednesday, October 29th. Weiss Ratings restated a “hold (c)” rating on shares of Cactus in a research note on Monday, December 29th. Stifel Nicolaus lifted their target price on Cactus from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Barclays boosted their target price on Cactus from $51.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, December 17th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $50.20.

Cactus Stock Down 2.8%

Cactus stock opened at $54.86 on Monday. The company has a market cap of $4.38 billion, a P/E ratio of 21.86, a price-to-earnings-growth ratio of 5.77 and a beta of 1.26. The company has a fifty day simple moving average of $47.69 and a 200 day simple moving average of $43.20. The company has a current ratio of 5.28, a quick ratio of 3.74 and a debt-to-equity ratio of 0.01. Cactus has a 1-year low of $33.20 and a 1-year high of $62.60.

Cactus (NYSE:WHD) last released its earnings results on Wednesday, October 29th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.09. Cactus had a net margin of 15.86% and a return on equity of 16.02%. The business had revenue of $263.95 million during the quarter, compared to analysts’ expectations of $253.89 million. During the same period last year, the business earned $0.74 earnings per share. The firm’s revenue was down 10.0% on a year-over-year basis. Research analysts anticipate that Cactus will post 3.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cactus

A number of hedge funds and other institutional investors have recently modified their holdings of WHD. Advisors Asset Management Inc. grew its stake in shares of Cactus by 113.8% in the first quarter. Advisors Asset Management Inc. now owns 1,020 shares of the company’s stock valued at $47,000 after acquiring an additional 543 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Cactus by 101.1% in the 1st quarter. AQR Capital Management LLC now owns 11,427 shares of the company’s stock valued at $524,000 after purchasing an additional 5,745 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Cactus by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,685 shares of the company’s stock valued at $1,819,000 after purchasing an additional 1,733 shares during the period. United Services Automobile Association acquired a new position in shares of Cactus during the 1st quarter worth approximately $203,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Cactus by 26.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 226,931 shares of the company’s stock worth $10,400,000 after purchasing an additional 46,835 shares during the period. Institutional investors and hedge funds own 85.11% of the company’s stock.

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.