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

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

Analysts Set New Price Targets

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

DHT Stock Up 0.3 %

The company has a quick ratio of 1.50, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average of $10.87 and a two-hundred day moving average of $10.54. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 9.43 and a beta of -0.38.

DHT (NYSE:DHT) last posted its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share 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, sell-side analysts anticipate that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 25th. Stockholders of record on Tuesday, February 18th were issued a dividend of $0.17 per share. The ex-dividend date was Tuesday, February 18th. This represents a $0.68 annualized dividend and a dividend yield of 6.44%. DHT’s dividend payout ratio (DPR) is presently 60.71%.

Institutional Investors Weigh In On DHT

Several hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its position in DHT by 84.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company’s stock valued at $26,000 after purchasing an additional 1,265 shares during the last quarter. Stifel Financial Corp increased its stake in shares of DHT by 7.7% in the third quarter. Stifel Financial Corp now owns 21,272 shares of the shipping company’s stock valued at $235,000 after buying an additional 1,514 shares during the period. Vident Advisory LLC raised its holdings in DHT by 3.2% in the 4th quarter. Vident Advisory LLC now owns 53,228 shares of the shipping company’s stock valued at $495,000 after buying an additional 1,665 shares during the last quarter. Franklin Resources Inc. boosted its position in DHT by 3.4% during the 4th quarter. Franklin Resources Inc. now owns 53,610 shares of the shipping company’s stock worth $498,000 after buying an additional 1,740 shares during the period. Finally, EP Wealth Advisors LLC grew its holdings in DHT by 9.1% during the 4th quarter. EP Wealth Advisors LLC now owns 26,115 shares of the shipping company’s stock worth $243,000 after acquiring an additional 2,177 shares during the last quarter. Institutional investors and hedge funds own 58.53% of the company’s stock.

About DHT

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.