DHT (NYSE:DHT) Shares Climb 6.6% – Time to Buy?

Shares of DHT Holdings, Inc. (NYSE:DHT) were up 6.6% on Monday. The stock traded as high as $26.47 and last traded at $26.27. Approximately 1,134,158 shares changed hands during trading, a decline of 70% from the average daily volume of 3,774,376 shares. The stock had previously closed at $24.64.

Key Headlines Impacting DHT

Here are the key news stories impacting DHT this week:

• Positive Sentiment: DHT estimated third-quarter 2026 fleet time charter equivalent (TCE) earnings of $141,300 per day, including $167,100 per day for VLCCs operating in the spot market. DHT Holdings Q3 2026 fleet earnings and Q4 bookings
• Positive Sentiment: The key catalyst was the fourth-quarter booking outlook: approximately 50% of available VLCC spot days were booked at an average of $509,100 per day, substantially above third-quarter spot-market earnings. DHT Holdings stock gains as spot rates jump
• Positive Sentiment: Including both spot and time-charter contracts, about 78% of fourth-quarter revenue days were estimated at an average of $225,200 per day. Investors viewed the combination of high spot rates and strong coverage as evidence of robust tanker demand and tight vessel supply. DHT Holdings strong Q3 earnings and Q4 bookings

Wall Street Analysts Forecast Growth

DHT has been the subject of a number of research analyst reports. Weiss Ratings upgraded DHT from a “buy (b+)” rating to a “buy (a)” rating in a report on Thursday, October 8th. BTIG Research boosted their price target on shares of DHT from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, September 18th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, DHT presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

DHT Price Performance

The stock has a market cap of $4.28 billion, a price-to-earnings ratio of 8.98 and a beta of -0.03. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.32 and a current ratio of 3.64. The company has a 50-day moving average of $21.19 and a 200-day moving average of $19.04.

DHT (NYSE:DHT) last issued its earnings results on Wednesday, August 5th. The shipping company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.04. DHT had a net margin of 65.52% and a return on equity of 39.40%. The business had revenue of $254.96 million for the quarter, compared to the consensus estimate of $247.17 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The business’s quarterly revenue was up 174.8% compared to the same quarter last year.

DHT Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 17th were issued a $1.22 dividend. This represents a $4.88 annualized dividend and a yield of 18.3%. This is a positive change from DHT’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Monday, August 17th. DHT’s dividend payout ratio is currently 165.99%.

Insider Transactions at DHT

In other DHT news, Director Svenn Edvardsen sold 341,007 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $20.29, for a total transaction of $6,919,032.03. Following the sale, the director owned 395,705 shares in the company, valued at approximately $8,028,854.45. This represents a 46.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Erik Lind sold 30,000 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $22.46, for a total value of $673,800.00. Following the completion of the sale, the director owned 132,294 shares in the company, valued at $2,971,323.24. This represents a 18.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 583,803 shares of company stock worth $11,843,097 in the last 90 days.

Institutional Investors Weigh In On DHT

Hedge funds and other institutional investors have recently made changes to their positions in the business. Baron Wealth Management LLC grew its position in 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 last quarter. PNC Financial Services Group Inc. boosted its position in DHT by 32.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,846 shares of the shipping company’s stock valued at $89,000 after acquiring an additional 1,175 shares in the last quarter. Triumph Capital Management boosted its position in shares of DHT by 155.0% during the second quarter. Triumph Capital Management now owns 3,697 shares of the shipping company’s stock valued at $61,000 after purchasing an additional 2,247 shares in the last quarter. Western Wealth Management LLC bought a new position in shares of DHT in the 1st quarter worth about $46,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of DHT by 568.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,554 shares of the shipping company’s stock valued at $43,000 after purchasing an additional 3,022 shares during the last quarter. Hedge funds and other institutional investors own 58.53% of the company’s stock.

DHT Company Profile

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.