DHT Holdings, Inc. (NYSE:DHT) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. grew its stake in shares of DHT Holdings, Inc. (NYSE:DHT) by 21.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 98,565 shares of the shipping company’s stock after acquiring an additional 17,094 shares during the period. Principal Financial Group Inc.’s holdings in DHT were worth $1,087,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Franklin Resources Inc. lifted its position in shares of DHT by 8.4% during the 3rd quarter. Franklin Resources Inc. now owns 51,870 shares of the shipping company’s stock valued at $588,000 after acquiring an additional 4,000 shares during the period. Sanctuary Advisors LLC acquired a new stake in DHT in the third quarter valued at $134,000. Virtu Financial LLC purchased a new position in shares of DHT in the third quarter valued at $149,000. Hohimer Wealth Management LLC purchased a new position in shares of DHT in the third quarter valued at $173,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of DHT during the 3rd quarter worth $50,000. 58.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on DHT shares. Jefferies Financial Group restated a “buy” rating and set a $14.00 target price on shares of DHT in a report on Wednesday, November 13th. Fearnley Fonds upgraded DHT to a “strong-buy” rating in a research report on Friday, September 27th. StockNews.com upgraded DHT from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Kepler Capital Markets cut DHT from a “buy” rating to a “hold” rating and set a $9.70 price target for the company. in a report on Thursday, December 12th. Finally, Stifel Nicolaus decreased their price objective on DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, DHT currently has an average rating of “Moderate Buy” and an average target price of $13.54.

DHT Stock Down 3.0 %

DHT stock opened at $9.35 on Friday. DHT Holdings, Inc. has a one year low of $8.67 and a one year high of $12.80. The stock has a market capitalization of $1.51 billion, a P/E ratio of 9.35 and a beta of -0.38. The company has a 50 day moving average price of $9.79 and a two-hundred day moving average price of $10.68. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.97 and a current ratio of 2.41.

DHT (NYSE:DHT) last released its earnings results on Tuesday, November 12th. The shipping company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02. DHT had a return on equity of 15.58% and a net margin of 27.72%. The firm had revenue of $92.64 million during the quarter, compared to analyst estimates of $87.51 million. During the same period in the prior year, the firm posted $0.19 earnings per share. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. As a group, sell-side analysts expect that DHT Holdings, Inc. will post 1 EPS for the current year.

DHT Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 22nd were issued a dividend of $0.22 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.88 annualized dividend and a dividend yield of 9.41%. DHT’s payout ratio is currently 88.00%.

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.