Cabot (NYSE:CBT) Shares Gap Down – What’s Next?

Shares of Cabot Corporation (NYSE:CBT) gapped down before the market opened on Tuesday . The stock had previously closed at $89.58, but opened at $81.18. Cabot shares last traded at $80.0330, with a volume of 84,941 shares.

Wall Street Analyst Weigh In

CBT has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on shares of Cabot from $68.00 to $70.00 and gave the company an “underweight” rating in a report on Wednesday, May 13th. UBS Group reduced their target price on shares of Cabot from $97.00 to $92.00 and set a “neutral” rating for the company in a report on Wednesday. Wall Street Zen lowered shares of Cabot from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Truist Financial set a $100.00 price target on shares of Cabot in a report on Wednesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cabot in a research report on Tuesday, May 26th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Cabot has an average rating of “Hold” and an average target price of $87.40.

Cabot Trading Up 3.1%

The firm has a market capitalization of $4.36 billion, a P/E ratio of 23.81, a PEG ratio of 10.64 and a beta of 0.84. The company has a quick ratio of 0.96, a current ratio of 1.47 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average of $87.93 and a 200-day moving average of $79.70.

Cabot (NYSE:CBT) last announced its quarterly earnings data on Monday, August 3rd. The specialty chemicals company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.01. The firm had revenue of $982.00 million during the quarter, compared to analysts’ expectations of $943.16 million. Cabot had a return on equity of 20.29% and a net margin of 5.23%.The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.90 EPS. Cabot has set its FY 2026 guidance at 6.150-6.450 EPS. On average, equities research analysts predict that Cabot Corporation will post 6.37 earnings per share for the current fiscal year.

Cabot Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be issued a $0.4725 dividend. This represents a $1.89 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, August 28th. Cabot’s dividend payout ratio (DPR) is 53.24%.

Hedge Funds Weigh In On Cabot

Hedge funds have recently modified their holdings of the business. Torren Management LLC bought a new position in Cabot during the 4th quarter worth $26,000. Rothschild Investment LLC raised its holdings in Cabot by 170.4% during the 4th quarter. Rothschild Investment LLC now owns 411 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 259 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of Cabot by 1,606.9% in the 4th quarter. Global Retirement Partners LLC now owns 495 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 466 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Cabot by 409.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 453 shares of the specialty chemicals company’s stock valued at $38,000 after purchasing an additional 364 shares during the last quarter. Finally, Danske Bank A S bought a new stake in shares of Cabot in the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 93.18% of the company’s stock.

About Cabot

Cabot Corporation is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. Founded in 1882 by Godfrey Lowell Cabot, the company has grown into a diversified manufacturer with operations across North America, Europe, Asia and Latin America. Cabot serves a wide range of end markets, including automotive, industrial, energy, and consumer products, supplying essential ingredients that enhance performance, durability and functionality.

The company operates two primary segments: Reinforcement Materials and Performance Materials.