DHT Holdings, Inc. $DHT Holdings Lowered by LSV Asset Management

LSV Asset Management reduced its stake in DHT Holdings, Inc. (NYSE:DHT) by 8.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,066,312 shares of the shipping company’s stock after selling 100,300 shares during the period. LSV Asset Management owned 0.66% of DHT worth $11,527,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Cerity Partners LLC bought a new position in DHT during the first quarter valued at about $465,000. CWM LLC raised its position in DHT by 223.4% in the first quarter. CWM LLC now owns 3,063 shares of the shipping company’s stock worth $32,000 after acquiring an additional 2,116 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in DHT by 5.5% in the 1st quarter. Victory Capital Management Inc. now owns 531,531 shares of the shipping company’s stock valued at $5,581,000 after acquiring an additional 27,662 shares during the last quarter. Drive Wealth Management LLC bought a new position in shares of DHT during the 1st quarter valued at about $112,000. Finally, Harbour Investments Inc. grew its stake in shares of DHT by 26.7% in the 1st quarter. Harbour Investments Inc. now owns 6,637 shares of the shipping company’s stock worth $70,000 after purchasing an additional 1,400 shares during the last quarter. 58.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Evercore ISI lifted their target price on DHT from $14.00 to $15.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Wall Street Zen raised DHT from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. BTIG Research reissued a “buy” rating and issued a $16.00 price target on shares of DHT in a research note on Thursday, October 30th. Jefferies Financial Group restated a “buy” rating and set a $16.00 price objective on shares of DHT in a report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of DHT in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $14.18.

DHT Trading Down 2.2%

Shares of NYSE DHT opened at $13.33 on Thursday. The business has a 50 day simple moving average of $12.53 and a 200 day simple moving average of $11.80. DHT Holdings, Inc. has a 52 week low of $8.67 and a 52 week high of $13.85. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 10.75 and a beta of -0.01. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.96 and a current ratio of 2.33.

DHT (NYSE:DHT) last posted its earnings results on Wednesday, October 29th. The shipping company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.17 by $0.11. DHT had a net margin of 41.17% and a return on equity of 17.18%. The firm had revenue of $79.10 million for the quarter, compared to the consensus estimate of $78.83 million. During the same period in the prior year, the business posted $0.22 earnings per share. The business’s quarterly revenue was down 14.6% on a year-over-year basis. On average, research analysts predict that DHT Holdings, Inc. will post 0.94 earnings per share for the current fiscal year.

DHT Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 12th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 5.4%. The ex-dividend date was Wednesday, November 12th. DHT’s dividend payout ratio (DPR) is currently 58.06%.

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.