Cabot (NYSE:CBT) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Cabot Corporation (NYSE:CBT) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $71.72 and traded as high as $76.67. Cabot shares last traded at $75.3450, with a volume of 325,539 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CBT. Mizuho set a $75.00 target price on Cabot and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. UBS Group increased their price objective on Cabot from $74.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Zacks Research raised shares of Cabot from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 27th. JPMorgan Chase & Co. lowered their price target on shares of Cabot from $75.00 to $54.00 and set an “underweight” rating on the stock in a research report on Friday, November 28th. Finally, Jefferies Financial Group restated a “buy” rating and set a $85.00 target price on shares of Cabot in a research report on Wednesday, February 4th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $73.75.

Cabot Stock Performance

The stock has a 50 day moving average of $70.99 and a 200 day moving average of $71.72. The company has a quick ratio of 1.09, a current ratio of 1.67 and a debt-to-equity ratio of 0.49. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of 13.20, a P/E/G ratio of 3.98 and a beta of 0.88.

Cabot (NYSE:CBT) last released its earnings results on Tuesday, February 3rd. The specialty chemicals company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.40 by $0.13. The firm had revenue of $849.00 million for the quarter, compared to analyst estimates of $889.11 million. Cabot had a net margin of 8.62% and a return on equity of 22.82%. The business’s quarterly revenue was down 11.1% compared to the same quarter last year. During the same period last year, the firm earned $1.76 EPS. Cabot has set its FY 2026 guidance at 6.000-6.500 EPS. As a group, analysts anticipate that Cabot Corporation will post 7.57 EPS for the current fiscal year.

Cabot Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a $0.45 dividend. The ex-dividend date is Friday, February 27th. This represents a $1.80 annualized dividend and a dividend yield of 2.4%. Cabot’s dividend payout ratio (DPR) is presently 31.52%.

Institutional Trading of Cabot

Institutional investors and hedge funds have recently modified their holdings of the business. Torren Management LLC acquired a new position in Cabot during the fourth quarter worth about $26,000. Smartleaf Asset Management LLC increased its position in Cabot by 598.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 349 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 299 shares in the last quarter. Rothschild Investment LLC lifted its stake in Cabot by 170.4% in the 4th quarter. Rothschild Investment LLC now owns 411 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 259 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in Cabot in the second quarter valued at approximately $28,000. Finally, Parkside Financial Bank & Trust grew its stake in shares of Cabot by 95.5% during the second quarter. Parkside Financial Bank & Trust now owns 387 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 189 shares during the last quarter. 93.18% of the stock is currently owned by institutional investors.

Cabot Company Profile

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.