DHT (NYSE:DHT) Stock Price Up 2.5% - Should You Buy?

DHT Holdings, Inc. (NYSE:DHT - Get Free Report) traded up 2.5% on Friday . The stock traded as high as $10.74 and last traded at $10.80. 147,923 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 1,742,883 shares. The stock had previously closed at $10.53.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on DHT shares. Jefferies Financial Group increased their price objective on shares of DHT from $13.00 to $14.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Kepler Capital Markets downgraded shares of DHT from a "buy" rating to a "hold" rating and set a $9.70 price objective for the company. in a research note on Thursday, December 12th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $12.68.

DHT Stock Up 0.6 %

The business's 50-day simple moving average is $10.86 and its 200-day simple moving average is $10.54. The company has a market capitalization of $1.70 billion, a PE ratio of 9.43 and a beta of -0.38. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32.

DHT (NYSE:DHT - Get Free Report) last posted its earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.42%. As a group, equities research analysts anticipate that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

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DHT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were given a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $0.68 annualized dividend and a yield of 6.44%. DHT's dividend payout ratio is presently 60.71%.

Institutional Trading of DHT

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of DHT by 10.0% during the 3rd quarter. FMR LLC now owns 24,193,014 shares of the shipping company's stock worth $266,849,000 after acquiring an additional 2,195,916 shares in the last quarter. DME Capital Management LP boosted its position in DHT by 20.8% during the fourth quarter. DME Capital Management LP now owns 5,245,984 shares of the shipping company's stock worth $48,735,000 after purchasing an additional 902,704 shares in the last quarter. Bridgeway Capital Management LLC acquired a new stake in DHT in the fourth quarter valued at approximately $8,126,000. Victory Capital Management Inc. increased its position in shares of DHT by 1,367.3% in the fourth quarter. Victory Capital Management Inc. now owns 503,869 shares of the shipping company's stock valued at $4,681,000 after buying an additional 469,528 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of DHT by 13.1% during the 4th quarter. American Century Companies Inc. now owns 4,053,584 shares of the shipping company's stock worth $37,658,000 after buying an additional 468,281 shares during the period. Institutional investors and hedge funds own 58.53% of the company's stock.

DHT Company Profile

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. The company also offers technical management services. As of March 15, 2024, it had a fleet of 24 very large crude carriers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.