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

Principal Financial Group Inc. lifted its holdings in shares of DHT Holdings, Inc. (NYSE:DHT) by 21.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 98,565 shares of the shipping company’s stock after purchasing an additional 17,094 shares during the quarter. Principal Financial Group Inc.’s holdings in DHT were worth $1,087,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. US Bancorp DE grew its stake in DHT by 4,149.5% during the 1st quarter. US Bancorp DE now owns 28,854 shares of the shipping company’s stock worth $332,000 after purchasing an additional 28,175 shares in the last quarter. ProShare Advisors LLC grew its position in shares of DHT by 7.2% during the first quarter. ProShare Advisors LLC now owns 24,358 shares of the shipping company’s stock worth $280,000 after buying an additional 1,640 shares in the last quarter. Vanguard Group Inc. grew its position in shares of DHT by 15.2% during the first quarter. Vanguard Group Inc. now owns 998,097 shares of the shipping company’s stock worth $11,478,000 after buying an additional 132,039 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of DHT by 79.6% during the first quarter. Lazard Asset Management LLC now owns 12,522 shares of the shipping company’s stock worth $144,000 after buying an additional 5,549 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in DHT by 14.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 39,082 shares of the shipping company’s stock valued at $450,000 after acquiring an additional 4,836 shares in the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.

Analyst Upgrades and Downgrades

DHT has been the subject of several analyst reports. Stifel Nicolaus lowered their price target on shares of DHT from $13.00 to $11.00 and set a “hold” rating for the company in a report on Wednesday, October 23rd. StockNews.com upgraded shares of DHT from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. BTIG Research began coverage on DHT in a research note on Tuesday, October 15th. They issued a “buy” rating and a $16.00 price target on the stock. Fearnley Fonds raised DHT to a “strong-buy” rating in a research report on Friday, September 27th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $14.00 price objective on shares of DHT in a report on Wednesday, November 13th. Two research 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.50.

DHT Price Performance

Shares of NYSE:DHT opened at $10.23 on Friday. DHT Holdings, Inc. has a 12 month low of $9.28 and a 12 month high of $12.80. The firm has a market capitalization of $1.65 billion, a P/E ratio of 10.23 and a beta of -0.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.41 and a quick ratio of 1.97. The company’s fifty day moving average price is $10.91 and its 200 day moving average price is $11.23.

DHT (NYSE:DHT) last issued its quarterly earnings data on Tuesday, November 12th. The shipping company reported $0.22 earnings per share (EPS) for the quarter, topping 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 company had revenue of $92.64 million for the quarter, compared to analyst estimates of $87.51 million. During the same quarter last year, the company 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 predict that DHT Holdings, Inc. will post 1 earnings per share for the current fiscal year.

DHT Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 22nd will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 8.60%. The ex-dividend date of this dividend is Friday, November 22nd. DHT’s dividend payout ratio (DPR) is 108.00%.

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.