DHT Holdings, Inc. (NYSE:DHT) Stock Has Consensus Price Target of $21.00

Shares of DHT Holdings, Inc. (NYSE:DHT – Get Free Report) have been assigned an average rating of “Moderate Buy” from the five analysts that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $21.00.

A number of analysts recently weighed in on the stock. Weiss Ratings raised shares of DHT from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, September 8th. BTIG Research boosted their price target on shares of DHT from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, September 18th.

Get Our Latest Research Report on DHT

Insider Transactions at DHT

In related news, Director Sophie Rossini sold 33,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $20.04, for a total value of $661,320.00. Following the completion of the sale, the director owned 78,543 shares in the company, valued at $1,574,001.72. The trade was a 29.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jon Eglin sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $19.99, for a total value of $999,500.00. Following the completion of the sale, the insider directly owned 324,622 shares of the company’s stock, valued at approximately $6,489,193.78. This represents a 13.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 583,803 shares of company stock worth $11,843,097. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DHT. Baron Wealth Management LLC grew its holdings in shares of DHT by 4.2% during the 1st quarter. Baron Wealth Management LLC now owns 14,750 shares of the shipping company’s stock worth $269,000 after acquiring an additional 592 shares during the period. Harbour Investments Inc. boosted its position in shares of DHT by 16.0% during the fourth quarter. Harbour Investments Inc. now owns 7,237 shares of the shipping company’s stock valued at $88,000 after purchasing an additional 1,000 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of DHT by 32.0% during the first quarter. PNC Financial Services Group Inc. now owns 4,846 shares of the shipping company’s stock valued at $89,000 after purchasing an additional 1,175 shares in the last quarter. Savant Capital LLC grew its stake in DHT by 7.6% in the fourth quarter. Savant Capital LLC now owns 19,083 shares of the shipping company’s stock worth $233,000 after purchasing an additional 1,345 shares during the period. Finally, Triumph Capital Management grew its stake in DHT by 155.0% in the second quarter. Triumph Capital Management now owns 3,697 shares of the shipping company’s stock worth $61,000 after purchasing an additional 2,247 shares during the period. Institutional investors own 58.53% of the company’s stock.

DHT Trading Up 0.4%

Shares of DHT stock opened at $23.66 on Friday. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 8.05 and a beta of -0.03. The company’s fifty day simple moving average is $20.30 and its two-hundred day simple moving average is $18.68. DHT has a 1 year low of $10.83 and a 1 year high of $23.72. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.64 and a quick ratio of 3.32.

DHT (NYSE:DHT – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The shipping company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.04. DHT had a return on equity of 39.40% and a net margin of 65.52%.The firm had revenue of $254.96 million during the quarter, compared to analyst estimates of $247.17 million. During the same period last year, the company earned $0.35 earnings per share. The business’s revenue for the quarter was up 174.8% on a year-over-year basis.

DHT Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 17th were paid a $1.22 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $4.88 dividend on an annualized basis and a yield of 20.6%. This is a boost from DHT’s previous quarterly dividend of $0.64. DHT’s dividend payout ratio is presently 165.99%.

About DHT

(Get Free Report)

DHT Holdings, Inc (NYSE: DHT) is a maritime transportation company that owns and operates crude oil tankers. The company primarily focuses on very large crude carriers (VLCCs), which transport substantial volumes of crude oil between major production and refining regions around the world.

DHT provides ocean transportation services through a combination of time charters, voyage charters and pool arrangements. Its vessels serve the international energy industry by moving crude oil from exporting regions to refineries and storage facilities in global markets.

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Analyst Recommendations for DHT (NYSE:DHT)

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