Torm (NASDAQ:TRMD) Sets New 1-Year High – Still a Buy?

Posted by Geri Gentry on Sep 10th, 2026

Shares of Torm Plc (NASDAQ:TRMD – Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $35.94 and last traded at $35.46, with a volume of 1550172 shares traded. The stock had previously closed at $34.94.

Analyst Upgrades and Downgrades

TRMD has been the topic of several recent analyst reports. Evercore reiterated an “outperform” rating and issued a $38.00 price target on shares of Torm in a research note on Wednesday, August 26th. Weiss Ratings upgraded shares of Torm from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 28th. Wall Street Zen downgraded shares of Torm from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Finally, Pareto Securities lowered shares of Torm from a “hold” rating to a “hold” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

Get Our Latest Research Report on TRMD

Torm Stock Up 1.5%

The company has a market capitalization of $3.62 billion, a PE ratio of 5.84 and a beta of 0.12. The company has a current ratio of 2.27, a quick ratio of 1.97 and a debt-to-equity ratio of 0.33. The firm has a 50 day simple moving average of $30.47 and a two-hundred day simple moving average of $29.75.

Torm (NASDAQ:TRMD – Get Free Report) last released its quarterly earnings results on Wednesday, August 26th. The company reported $3.25 EPS for the quarter, missing the consensus estimate of $3.31 by ($0.06). Torm had a return on equity of 27.24% and a net margin of 35.51%.The company had revenue of $662.80 million for the quarter, compared to analysts’ expectations of $499.01 million.

Torm Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be paid a $2.40 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $9.60 annualized dividend and a yield of 27.1%. This is an increase from Torm’s previous quarterly dividend of $0.70. Torm’s dividend payout ratio is presently 33.61%.

Institutional Trading of Torm

Several hedge funds have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Torm by 0.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,064,258 shares of the company’s stock valued at $86,032,000 after acquiring an additional 21,280 shares in the last quarter. Vanguard Group Inc. lifted its position in Torm by 0.5% in the fourth 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 period. Norges Bank acquired a new stake in Torm in the fourth quarter valued at about $24,830,000. Renaissance Technologies LLC boosted its holdings in Torm by 25.8% in the 4th quarter. Renaissance Technologies LLC now owns 536,425 shares of the company’s stock valued at $10,503,000 after purchasing an additional 110,000 shares in the last quarter. Finally, Brevan Howard Capital Management LP purchased a new stake in Torm in the 2nd quarter valued at approximately $7,523,000. Institutional investors and hedge funds 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.