Cactus, Inc. Class A (WHD)

Over the past six months, Cactus, Inc. has experienced increased interest from institutional investors, contributing to a rise in WHD shares, which were up 24% this year as of late January 2026. The company's third-quarter fiscal 2025 earnings report, which revealed an adjusted EBITDA of $87 million on $264 million in revenue and a net income of $50 million, also likely contributed to positive investor sentiment. As of January 30, 2026, the share price was $56.23, a decline of 5.83% from January 31, 2025. The stock has experienced some volatility, with a -22.80% change over the past year and a 52-week range between $33.20 and $65.35. Analyst ratings for WHD currently lean towards a "Hold" consensus, with an average rating score of 2.29 based on recent reports.

Cactus, Inc.'s performance is closely tied to the cyclical nature of the oil and gas industry, with fluctuations in oil prices and drilling activity impacting demand. The company must navigate the volatility of the energy sector, which can lead to unpredictable financial performance. There can be seasonal adjustments, such as a potential downturn in Spoolable Technologies revenues during the fourth quarter. Natural gas prices also vary seasonally. The company's ability to remain profitable even during downturns, such as in 2020, illustrates the durability of its business.

Cactus, Inc. is a leading provider of pressure control and spoolable pipe technologies for the oil and gas industry, offering a range of wellhead systems and specialized equipment. The company operates in the Energy sector, focusing on Oil & Gas Equipment & Services, with product segments including Pressure Control (Cactus Wellhead) and Spoolable Technologies (FlexSteel). Cactus acquired FlexSteel in February 2023 and a majority interest in Baker Hughes' Surface Pressure Control business in January 2026.

Cactus, Inc. is headquartered in Houston, Texas, with service centers and pipe yards in the United States, Canada, and Australia. It also has rental and service operations in the Middle East and other international markets. Manufacturing facilities are located in Bossier City, Louisiana; Baytown, Texas; and Suzhou, China. The acquisition of Baker Hughes' Surface Pressure Control business is expected to significantly diversify Cactus's geographic footprint, with approximately 85% of the acquired business's revenue originating from the Middle East.

Cactus, Inc. has a strong market position with its Cactus Wellhead brand, known for its pressure control equipment. The company emphasizes operational excellence and is recognized for integrity and responsiveness. The acquisition of FlexSteel has enhanced its brand portfolio. Ongoing litigation with Cameron regarding patent infringement presents a potential risk to its reputation.

Cactus, Inc. has 593 institutional owners and shareholders holding a total of 92,389,235 shares. Major institutional owners include BlackRock, Inc., Fmr Llc, Vanguard Group Inc, IJR - iShares Core S&P Small-Cap ETF, Wellington Management Group Llp, T. Rowe Price Investment Management, Inc., State Street Corp, Jpmorgan Chase & Co, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, and Geode Capital Management, Llc. As of September 30, 2025, BlackRock, Inc. held 14.31% of the holding, Cactus WH Enterprises, LLC held 14.24% (as of August 27, 2025), FMR LLC held 13.50%, and The Vanguard Group, Inc. held 10.97%. Cactus WH Enterprises is owned by Scott Bender, Joel Bender, Steven Bender, and certain other employees, holding approximately 12.8% of the company's voting power as of December 31, 2024. Management, including CEO Scott Bender and his brother Joel Bender, owns about 20% of the company.