DHT Holdings Inc (NYSE: DHT) is 13.05% higher on its value in year-to-date trading and has touched a low of $7.30 and a high of $11.90 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DHT stock was last observed hovering at around $11.22 in the last trading session, with the day’s loss setting it -0.13%.
Currently trading at $11.09, the stock is 1.04% and 1.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.25 million and changing -1.16% at the moment leaves the stock 11.59% off its SMA200. DHT registered 5.02% gain for a year compared to 6-month gain of 23.22%. The firm has a 50-day simple moving average (SMA 50) of $3.82 and a 200-day simple moving average (SMA200) of $7.04.
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The stock witnessed a -5.05% loss in the last 1 month and extending the period to 3 months gives it a 16.37%, and is 2.12% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.35% over the week and 2.28% over the month.
DHT Holdings Inc (DHT) has around 1252 employees, a market worth around $1.79B and $556.08M in sales. Current P/E ratio is 11.17 and Fwd P/E is 4.89. Profit margin for the company is 29.02%. Distance from 52-week low is 51.92% and -6.81% from its 52-week high. The company has generated returns on investments over the last 12 months (11.32%).
DHT Holdings Inc quarterly earnings per share for the current quarter are estimated at $0.33 with sales reaching $126.31M over the same period.The EPS is expected to grow by 63.30% this year, but quarterly earnings will post 26.90% year-over-year. Quarterly sales are estimated to grow 34.50% in year-over-year returns.
DHT Holdings Inc (DHT) Top Institutional Holders
264 institutions hold shares in DHT Holdings Inc (DHT), with institutional investors hold 72.21% of the company’s shares. The shares outstanding are 161.00M, and float is at 133.72M with Short Float at 2.00%. Institutions hold 59.97% of the Float.
The top institutional shareholder in the company is Dimensional Fund Advisors LP with over 13.19 million shares valued at $112.5 million. The investor’s holdings represent 8.11% of the DHT Shares outstanding. As of Jun 29, 2023, the second largest holder is FMR, LLC with 11.31 million shares valued at $96.51 million to account for 6.96% of the shares outstanding. The other top investors are Blackrock Inc. which holds 9.57 million shares representing 5.88% and valued at over $81.64 million, while Goldman Sachs Group Inc holds 3.02% of the shares totaling 4.91 million with a market value of $41.85 million.
