Torm (NASDAQ:TRMD) Stock Price Up 7.3% – Time to Buy?

Posted by Brian Himes on Jul 2nd, 2026

Torm Plc (NASDAQ:TRMD – Get Free Report)’s share price was up 7.3% during trading on Thursday . The company traded as high as $28.06 and last traded at $28.1790. Approximately 202,769 shares were traded during mid-day trading, a decline of 76% from the average session volume of 846,494 shares. The stock had previously closed at $26.25.

Analyst Upgrades and Downgrades

TRMD has been the topic of several research analyst reports. Evercore set a $35.00 target price on Torm in a report on Tuesday, April 21st. Wall Street Zen cut Torm from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 13th. Pareto Securities downgraded shares of Torm from a “hold” rating to a “hold” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Torm in a report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.00.

Read Our Latest Research Report on TRMD

Torm Trading Up 6.3%

The company has a quick ratio of 1.20, a current ratio of 1.40 and a debt-to-equity ratio of 0.35. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 8.19 and a beta of 0.10. The business’s fifty day moving average is $30.26 and its two-hundred day moving average is $26.94.

Torm (NASDAQ:TRMD – Get Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.15). Torm had a return on equity of 15.81% and a net margin of 24.45%.The firm had revenue of $402.00 million for the quarter, compared to analyst estimates of $297.43 million.

Torm Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Stockholders of record on Thursday, May 28th were given a dividend of $0.70 per share. The ex-dividend date was Thursday, May 28th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.0%. Torm’s payout ratio is presently 60.00%.

Insider Activity

In other news, CEO Jacob Balslev Meldgaard sold 379,014 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $31.94, for a total transaction of $12,105,707.16. Following the transaction, the chief executive officer owned 348,411 shares of the company’s stock, valued at $11,128,247.34. This represents a 52.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.37% of the stock is owned by company insiders.

Hedge Funds Weigh In On Torm

Several hedge funds have recently added to or reduced their stakes in TRMD. Arrowstreet Capital Limited Partnership raised its holdings in Torm by 0.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,064,258 shares of the company’s stock worth $86,032,000 after purchasing an additional 21,280 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Torm by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,341,185 shares of the company’s stock valued at $46,629,000 after purchasing an additional 11,457 shares during the last quarter. Norges Bank bought a new position in shares of Torm in the 4th quarter valued at about $24,830,000. Renaissance Technologies LLC grew its position in shares of Torm by 25.8% during the 4th quarter. Renaissance Technologies LLC now owns 536,425 shares of the company’s stock worth $10,503,000 after buying an additional 110,000 shares during the period. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of Torm during the 2nd quarter worth approximately $7,523,000. Institutional investors own 73.89% of the company’s stock.

About Torm

(Get Free Report)

Torm A/S (NASDAQ: TRMD) is an international shipping company specializing in the transportation of refined petroleum products. The firm owns and operates a modern fleet of product tankers, including both Handysize and MR vessels, which are designed to carry a broad range of clean petroleum cargoes such as gasoline, jet fuel and diesel. Torm’s core business revolves around voyage and time-charter contracts with major oil companies, trading houses and other energy sector clients around the world.

The company’s fleet is deployed on global trade routes, with particular focus on major refining and consumption regions in Europe, North America and Asia.