Cactus (WHD) reported third-quarter 2026 revenue of $430.9 million and net income of $74.1 million. Diluted earnings per Class A share were $0.87, while operating income totaled $94.0 million.
The company said it expects consolidated revenue to increase modestly in the fourth quarter. Its board approved construction of a Spoolable Technologies manufacturing facility in the Middle East, expected to commence operations in 2029.
- Third-quarter revenue was $430.9 million, compared with $449.5 million in the second quarter of 2026.
- Net income was $74.1 million, compared with $61.4 million in the prior quarter.
- Pressure Control revenue declined 11.4% sequentially to $304.8 million, while Spoolable Technologies revenue rose 20.2% to $126.9 million.
- Cash and cash equivalents were $354.2 million at September 30, 2026, with no bank debt outstanding.
- Backlog closed the quarter at $615.6 million.
- The board approved a quarterly cash dividend of $0.15 per Class A share, payable December 17, 2026.
$WHD Insider Trading Activity
$WHD insiders have traded $WHD stock on the open market 16 times in the past 6 months. Of those trades, 0 have been purchases and 16 have been sales.
Here’s a breakdown of recent trading of $WHD stock by insiders over the last 6 months:
- SCOTT BENDER (Chairman and CEO) has made 0 purchases and 5 sales selling 400,000 shares for an estimated $25,351,171.
- JOEL BENDER (President) has made 0 purchases and 5 sales selling 400,000 shares for an estimated $25,351,171.
- STEPHEN TADLOCK (EVP/CEO Cactus Intl) sold 38,455 shares for an estimated $2,453,505
- STEVEN BENDER (COO, EVP and CEO-SpoolableTech) sold 25,000 shares for an estimated $1,691,222
- MICHAEL Y MCGOVERN sold 12,000 shares for an estimated $678,840
- JOHN A ODONNELL sold 10,000 shares for an estimated $661,306
- ALAN SEMPLE sold 10,206 shares for an estimated $577,863
- WILLIAM D MARSH (GC, EVP and Secretary) sold 7,178 shares for an estimated $476,009
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$WHD Hedge Fund Activity
We have seen 186 institutional investors add shares of $WHD stock to their portfolio, and 138 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BOSTON PARTNERS added 4,589,743 shares (+inf%) to their portfolio in Q2 2026, for an estimated $235,132,533
- JPMORGAN CHASE & CO added 1,767,266 shares (+inf%) to their portfolio in Q2 2026, for an estimated $90,537,037
- FMR LLC removed 1,683,351 shares (-70.0%) from their portfolio in Q2 2026, for an estimated $86,238,071
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 1,126,984 shares (+167.9%) to their portfolio in Q2 2026, for an estimated $57,735,390
- WEBS CREEK CAPITAL MANAGEMENT LP removed 959,218 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $49,140,738
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 840,656 shares (+inf%) to their portfolio in Q2 2026, for an estimated $43,066,806
- GW&K INVESTMENT MANAGEMENT, LLC added 750,566 shares (+inf%) to their portfolio in Q2 2026, for an estimated $38,451,496
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
