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

Principal Financial Group Inc. boosted its stake in DHT Holdings, Inc. (NYSE:DHT) by 21.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 98,565 shares of the shipping company’s stock after purchasing an additional 17,094 shares during the period. Principal Financial Group Inc. owned about 0.06% of DHT worth $1,087,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DHT. Quarry LP boosted its position in shares of DHT by 2,494.6% during the second quarter. Quarry LP now owns 3,866 shares of the shipping company’s stock worth $45,000 after buying an additional 3,717 shares during the period. Sunbelt Securities Inc. acquired a new position in DHT during the 3rd quarter worth about $50,000. Nisa Investment Advisors LLC boosted its holdings in 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 acquiring an additional 2,361 shares during the period. Point72 Hong Kong Ltd acquired a new position in DHT in the 2nd quarter valued at about $80,000. Finally, Soros Fund Management LLC purchased a new stake in DHT during the third quarter worth about $114,000. Institutional investors and hedge funds own 58.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DHT. StockNews.com raised shares of DHT from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Fearnley Fonds raised DHT to a “strong-buy” rating in a research report on Friday, September 27th. Jefferies Financial Group reiterated a “buy” rating and set a $14.00 target price on shares of DHT in a research note on Wednesday, November 13th. BTIG Research began coverage on shares of DHT in a research note on Tuesday, October 15th. They issued a “buy” rating and a $16.00 price target on the stock. Finally, Stifel Nicolaus cut their price target on shares of DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, DHT has a consensus rating of “Moderate Buy” and an average target price of $13.54.

DHT Price Performance

Shares of DHT opened at $9.35 on Friday. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 9.35 and a beta of -0.38. DHT Holdings, Inc. has a fifty-two week low of $8.67 and a fifty-two week high of $12.80. The firm has a 50-day simple moving average of $9.79 and a 200-day simple moving average 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 posted its quarterly earnings data on Tuesday, November 12th. The shipping company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The company had revenue of $92.64 million during the quarter, compared to analysts’ expectations of $87.51 million. DHT had a return on equity of 15.58% and a net margin of 27.72%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the firm earned $0.19 EPS. On average, equities research analysts anticipate that DHT Holdings, Inc. will post 1 earnings per share for the current year.

DHT Cuts Dividend

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

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.