Cactus, Inc. Class A (WHD)

Over the past six months, Cactus, Inc. stock experienced several notable events. Cactus reported Q4 2025 earnings that beat estimates, but revenue was down compared to the previous year, and the stock price fell. The acquisition of Baker Hughes' Surface Pressure Control business closed, enhancing Cactus's international presence. Geopolitical tensions led to volatility in oil prices, impacting the energy sector and Cactus's stock. Insider selling occurred in mid-March 2026. Cactus declared quarterly cash dividends. Analysts had a consensus price target of $56.33 for Cactus, with a "Moderate Buy" rating.

Demand for Cactus, Inc.'s products and services can be influenced by seasonal patterns, particularly in its Spoolable Technologies segment, which declined seasonally in Q4 2025. The energy sector is subject to cyclicality, meaning demand for its products can fluctuate with oil and gas prices and drilling activity. North American drilling and completion activity has been described as "stable" in recent outlooks.

Cactus, Inc. (WHD) is an oilfield equipment manufacturer specializing in pressure control and spoolable pipe technologies for the energy industry, operating through Pressure Control and Spoolable Technologies segments. The Pressure Control segment provides wellhead systems, production valves, and associated field services. The Spoolable Technologies segment focuses on spoolable pipe technologies used in production, gathering, and takeaway pipelines.

Cactus, Inc. has a significant operational presence in the United States, with 15 service centers located in states such as Texas, New Mexico, Pennsylvania, North Dakota, Louisiana, Oklahoma, Colorado, Utah, and Wyoming. Internationally, the company operates in Australia, Canada, and the Middle East. The acquisition of a controlling interest in Baker Hughes' Surface Pressure Control business expanded Cactus' geographic footprint into the Middle East. The company also has manufacturing facilities in Bossier City, Louisiana, Suzhou, China, and Baytown, Texas.

Cactus, Inc. has a reputation for delivering high-quality products and services, focusing on innovation and safety. The company maintains a strong competitive advantage with its capital-light business model and superior financial health. The company's reputation has been supported by strong financial performance, a strategic acquisition, and a commitment to safety. No specific negative events significantly impacted its brand reputation in the past year.

Cactus, Inc. has significant institutional ownership, with 293 institutional owners and shareholders holding a total of 73,448,160 shares. Major institutional shareholders include BlackRock, Inc., Fmr Llc, and Vanguard Group Inc. Insider ownership is approximately 0.60%. Co-founders Scott Bender and Joel Bender are key individual stakeholders, with management owning about 20% of the company. Cactus WH Enterprises remains the largest holder of Cactus Companies, LLC units.