Price T Rowe Associates Inc. MD Grows Stock Position in DHT Holdings, Inc. (NYSE:DHT)

Price T Rowe Associates Inc. MD lifted its position in DHT Holdings, Inc. (NYSE:DHT) by 18.8% in the 4th quarter, HoldingsChannel reports. The firm owned 52,446 shares of the shipping company’s stock after purchasing an additional 8,310 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in DHT were worth $488,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its stake in shares of DHT by 84.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,771 shares of the shipping company’s stock worth $26,000 after acquiring an additional 1,265 shares during the last quarter. Franklin Resources Inc. increased its holdings 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 purchasing an additional 1,740 shares during the period. Russell Investments Group Ltd. increased its holdings in DHT by 0.4% during the 4th quarter. Russell Investments Group Ltd. now owns 552,680 shares of the shipping company’s stock worth $5,134,000 after purchasing an additional 2,277 shares during the period. MetLife Investment Management LLC boosted its position in shares of DHT by 5.0% during the 4th quarter. MetLife Investment Management LLC now owns 79,683 shares of the shipping company’s stock worth $740,000 after acquiring an additional 3,779 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its position in shares of DHT by 822.2% during the 4th quarter. Sterling Capital Management LLC now owns 4,325 shares of the shipping company’s stock worth $40,000 after acquiring an additional 3,856 shares in the last quarter. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DHT has been the subject of several analyst reports. Evercore ISI reduced their price objective on DHT from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd. Jefferies Financial Group reiterated a “buy” rating and issued a $15.00 target price on shares of DHT in a report on Wednesday, May 7th. 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’s stock. Based on data from MarketBeat, DHT presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.94.

DHT Stock Performance

Shares of DHT stock opened at $11.32 on Wednesday. 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 business has a 50 day moving average of $10.51 and a two-hundred day moving average of $10.37. DHT Holdings, Inc. has a 52 week low of $8.67 and a 52 week high of $12.80. The company has a market cap of $1.82 billion, a P/E ratio of 10.11 and a beta of -0.06.

DHT (NYSE:DHT) last issued its quarterly earnings data on Tuesday, May 6th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.12. The business had revenue of $79.34 million during the quarter, compared to the consensus estimate of $84.00 million. DHT had a return on equity of 17.42% and a net margin of 31.72%. The business’s revenue was down 25.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 earnings per share. As a group, analysts anticipate that DHT Holdings, Inc. will post 0.94 EPS for the current year.

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.