American Century Companies Inc. Buys 468,281 Shares of DHT Holdings, Inc. (NYSE:DHT)

American Century Companies Inc. increased its position in shares of DHT Holdings, Inc. (NYSE:DHT) by 13.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,053,584 shares of the shipping company’s stock after acquiring an additional 468,281 shares during the period. American Century Companies Inc. owned about 2.51% of DHT worth $37,658,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DHT. Victory Capital Management Inc. lifted its stake in DHT by 24.1% in the 3rd quarter. Victory Capital Management Inc. now owns 34,341 shares of the shipping company’s stock valued at $379,000 after purchasing an additional 6,673 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of DHT in the 3rd quarter valued at about $611,000. Raymond James Trust N.A. acquired a new stake in shares of DHT in the third quarter valued at about $159,000. FMR LLC raised its holdings in DHT by 10.0% during the 3rd quarter. FMR LLC now owns 24,193,014 shares of the shipping company’s stock worth $266,849,000 after purchasing an additional 2,195,916 shares during the last quarter. Finally, Quantbot Technologies LP grew its holdings in DHT by 107.4% during the 3rd quarter. Quantbot Technologies LP now owns 205,971 shares of the shipping company’s stock worth $2,272,000 after acquiring an additional 106,683 shares during the period. Institutional investors own 58.53% of the company’s stock.

DHT Stock Down 3.2 %

DHT stock opened at $10.54 on Friday. DHT Holdings, Inc. has a 1-year low of $8.67 and a 1-year high of $12.80. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 9.41 and a beta of -0.38. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. The firm’s fifty day moving average price is $10.87 and its two-hundred day moving average price is $10.54.

DHT (NYSE:DHT) last issued its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.22 by $0.12. DHT had a return on equity of 17.42% and a net margin of 31.72%. On average, equities 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 disclosed a quarterly dividend, which was paid on Tuesday, February 25th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 6.45%. The ex-dividend date of this dividend was Tuesday, February 18th. DHT’s dividend payout ratio (DPR) is presently 60.71%.

Analysts Set New Price Targets

Several brokerages recently issued reports on DHT. Kepler Capital Markets lowered shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 target price on the stock. in a research note on Thursday, December 12th. Jefferies Financial Group raised their target price on DHT from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.68.

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.