TORM plc (TRMD) Stock Price & Analysis
TORM plc (TRMD) closed at USD 38.53 on Thursday, October 22, 2026, down 2.08% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 39.35; the Oct 22, 2026 session ranged USD 38.03–39.19 on volume of 1,284,682 shares. Market capitalization is $3.96B, with a 52-week range of USD 19.3–41.86 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:48 UTC.
Also available as compact Markdown for AI agents: nexqual.com/TRMD.md
Key facts (TRMD)
- 2 of 80 tracked superinvestors hold TRMD (13F, Q2 2026): 1 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $19.2M; 2 not under a Rule 10b5-1 plan ($19.2M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 1.50 on a 1–5 scale) (2 analysts), mean target USD 41.5 (range 38–45).
- Total return with dividends: 1Y +105.1% vs S&P 500 +14.9%; 5Y +786.2% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 1.56, revenue estimate $356M.
Superinvestors (SEC 13F-HR, Q2 2026) (TRMD)
2 of 80 tracked investors hold TRMD. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Howard Marks | Oaktree Capital | 13.87% | $524M | Reduced -14.7% |
| Sarah Ketterer | Causeway Capital Management | <0.01% | $290K | New position |
Insider sales (SEC Form 4, open-market, last ~7 months) (TRMD)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-18…2026-09-22 | Balle Kim | Chief Financial Officer | 42,533 | $1.6M | 98.2% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-18…2026-05-20 | Meldgaard Jacob Balslev | Chief Executive Officer | 549,147 | $17.6M | 100% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (TRMD)
Consensus Buy (mean 1.50 on a 1–5 scale), 2 analysts; mean target USD 41.5 (low 38, high 45).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-27 | Evercore ISI Group | Target raised | Outperform | $37 → $38 |
| 2026-07-22 | Evercore ISI Group | Target raised | Outperform | $35 → $37 |
Total return (dividends reinvested) (TRMD)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +105.1% | +786.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +105.6% | +54.5% |
| Volatility (annualized) | 39.8% | 44.3% |
| Max drawdown | -23.5% (May 2026→Jun 2026) | -59.0% (Jul 2024→Mar 2025) |
Companies that name TRMD in their SEC reports
| Relationship to TRMD | Company | Filing | Sentence |
|---|---|---|---|
| partner | Hafnia Ltd (HAFN) | 20-F Apr 17, 2026 | “On September 11, 2025, we entered into a sale and purchase agreement with OCM Njord Holdings S.a.r.l. for the acquisition of 14,156,061 Class A Shares of TORM plc ("TORM", CSE ticker code "TRMD” |
TRMD analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.56 | $2.70 | -42.2% | $355.6M | 1 |
| Next quarter (ends Dec 2026) | $1.61 | $1.46 | +10.3% | $399.2M | 1 |
| Current fiscal year (ends Dec 2026) | $7.60 | $9.12 | -16.7% | $1.53B | 1 |
| Next fiscal year (ends Dec 2027) | $4.32 | $4.47 | -3.4% | $1.45B | 1 |
TRMD options: expected move
Options price a move of about ±13.7% (±$5.28) by Nov 20, 2026, which includes earnings on Nov 4, 2026.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 49.7% | ±13.7% |
| Dec 18, 2026 | 56 | 54.0% | ±16.7% |
| Jan 15, 2027 | 84 | 49.2% | ±18.4% |
| Apr 16, 2027 | 175 | 52.1% | ±27.7% |
30-day implied volatility 50.6% vs 45.4% realized over the last 30 trading days. Put/call ratio (volume) 2.03. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:48 UTC)
| Price | USD 38.53 |
|---|---|
| Change | ▼ 2.08% (down) |
| Previous Close | USD 39.35 |
| Open | USD 38.57 |
| Day Range | USD 38.03 – 39.19 |
| 52-Week Range | USD 19.3 – 41.86 |
| Volume | 1,284,682 shares |
| Market Cap | $3.96B |
| Exchange | NMS |
Technical Analysis (TRMD)
Nexqual's technical model rates TRMD "BUY" based on 4 bullish and 1 bearish signals across 127 daily candles, as of October 23, 2026 at 09:48 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 52.23 (neutral) |
| vs SMA50 | Above (USD 35.55) |
| MACD | 0.9 (positive) |
Analyst Ratings (TRMD)
Wall Street analysts rate TRMD "Buy" based on 2 analysts, with a mean price target of USD 41.5 (range USD 38–45), per Nexqual as of October 23, 2026 at 09:48 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 2 |
| Mean Target | USD 41.5 |
| High Target | USD 45 |
| Low Target | USD 38 |
| Buy / Hold / Sell | 2 / 0 / 0 |
Earnings (TRMD)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD 1.56 |
| Revenue Estimate | $355.61M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 3.26 vs est 3.9 ▼ miss |
| 2026-03-31 | USD 1.17 vs est 1.23 ▼ miss |
| 2025-12-31 | USD 0.85 vs est 0.85 ▲ beat |
| 2025-09-30 | USD 0.84 vs est 0.77 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Financials & Fundamentals (TRMD)
| Total Revenue | $1.76B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +110.30% |
| Gross Margin | +58.36% |
| Operating Margin | +53.58% |
| Profit Margin | +35.52% |
| ROE | +26.84% |
| Debt / Equity | 0.42 |
| Current Ratio | 2.27 |
| Total Cash | $377.20M |
| Total Debt | $1.08B |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Financial Health Score (TRMD)
Nexqual rates TORM plc's overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:48 UTC.
| Growth | Critical — Revenue -14% YoY (annual), sharp decline |
|---|---|
| Profitability | Strong — Gross margin 58%, operating 54% (last 12 months) |
| Balance Sheet | Strong — $377M cash vs $1.08B debt |
| Cash Flow | Solid — Operating cash flow $710M (TTM) |
| Efficiency | Strong — ROE 27%, ROA 11.9% |
Ownership (TRMD)
| Insider Ownership | +20.43% |
|---|---|
| Institutional Ownership | +31.79% |
| Shares Outstanding | 102.71M |
| Float | 81.98M |
| Short % of Float | +2.44% |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Leadership (TRMD)
TORM plc is led by Jacob Balslev Meldgaard, CEO & Executive Director, per Nexqual as of October 23, 2026 at 09:48 UTC.
| CEO & Executive Director | Jacob Balslev Meldgaard |
|---|---|
| Chief Financial Officer | Kim Balle |
Major Backers & Investors (TRMD)
Notable institutional backers of TORM plc include Oaktree Capital Management LP, Arrowstreet Capital, Limited Partnership, American Century ETF Trust-Avantis International Small Cap Value ETF, according to Nexqual as of October 23, 2026 at 09:48 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Oaktree Capital Management LP | 19.79% |
| Arrowstreet Capital, Limited Partnership | 3.02% |
| American Century ETF Trust-Avantis International Small Cap Value ETF | 1.95% |
| Acadian Asset Management. LLC | 1.5% |
| JPMorgan | 1.48% |
| Barclays Plc | 1.47% |
| NORGES BANK | 1.21% |
| Shaw D.E. & Co., Inc. | 1.1% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 1.94% |
Source: Nexqual, October 23, 2026 at 09:48 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| DHT | DHT Holdings, Inc. | USD 24.12 | ▼ 0.17% |
| STNG | Scorpio Tankers Inc. | USD 82.44 | ▼ 0.7% |
| BWLP | BW LPG Limited | USD 24.73 | ▼ 1.94% |
| GLNG | Golar LNG Limited | USD 44.03 | ▼ 2.13% |
| TNK | Teekay Tankers Ltd. | USD 95.31 | ▼ 0.71% |
| CMBT | CMB.TECH NV | USD 18.08 | ▼ 1.42% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:48 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt