Principal Financial Group Inc. Purchases 9,341 Shares of DHT Holdings, Inc. (NYSE:DHT)

Principal Financial Group Inc. boosted its stake in DHT Holdings, Inc. (NYSE:DHT) by 9.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 107,906 shares of the shipping company’s stock after buying an additional 9,341 shares during the quarter. Principal Financial Group Inc. owned approximately 0.07% of DHT worth $1,002,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DHT. Pekin Hardy Strauss Inc. raised its position in shares of DHT by 1.5% in the third quarter. Pekin Hardy Strauss Inc. now owns 69,000 shares of the shipping company’s stock valued at $761,000 after purchasing an additional 1,000 shares during the period. Stifel Financial Corp grew its position in DHT by 7.7% in the third quarter. Stifel Financial Corp now owns 21,272 shares of the shipping company’s stock worth $235,000 after acquiring an additional 1,514 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of DHT by 52.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,888 shares of the shipping company’s stock valued at $76,000 after purchasing an additional 2,361 shares during the last quarter. Spire Wealth Management purchased a new stake in shares of DHT in the 4th quarter valued at $36,000. Finally, Franklin Resources Inc. grew its stake in shares of DHT by 8.4% during the third quarter. Franklin Resources Inc. now owns 51,870 shares of the shipping company’s stock valued at $588,000 after buying an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Analyst Ratings Changes

DHT has been the subject of a number of recent analyst reports. Kepler Capital Markets lowered shares of 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. StockNews.com raised shares of DHT from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, Jefferies Financial Group raised their price target on DHT from $13.00 to $14.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $12.68.

DHT Stock Performance

NYSE:DHT opened at $10.59 on Friday. The stock has a 50-day moving average price of $10.66 and a 200 day moving average price of $10.55. 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 Holdings, Inc. has a 12-month low of $8.67 and a 12-month high of $12.80. The stock has a market capitalization of $1.71 billion, a P/E ratio of 9.46 and a beta of -0.39.

DHT (NYSE:DHT) last announced its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.42%. Equities research analysts forecast that DHT Holdings, Inc. will post 0.94 EPS for the current fiscal year.

DHT Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Investors of record on Tuesday, February 18th were paid 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 6.42%. DHT’s dividend payout ratio (DPR) is currently 60.71%.

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.