Nomura Holdings Inc. bought a new position in shares of Tenaris S.A. (NYSE:TS – Get Rating) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 134,630 shares of the industrial products company's stock, valued at approximately $3,479,000.
Other large investors have also bought and sold shares of the company. Ronald Blue Trust Inc. bought a new stake in Tenaris during the 2nd quarter worth approximately $26,000. Captrust Financial Advisors grew its stake in shares of Tenaris by 155.8% during the 2nd quarter. Captrust Financial Advisors now owns 1,110 shares of the industrial products company's stock worth $29,000 after acquiring an additional 676 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Tenaris by 345.2% during the 3rd quarter. IFP Advisors Inc now owns 926 shares of the industrial products company's stock worth $45,000 after acquiring an additional 718 shares in the last quarter. Macquarie Group Ltd. bought a new position in shares of Tenaris during the 3rd quarter worth approximately $45,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Tenaris during the 2nd quarter worth approximately $76,000. 12.15% of the stock is owned by institutional investors.
Get Tenaris alerts:Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on TS shares. Morgan Stanley raised their price target on shares of Tenaris from $42.00 to $44.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 21st. Cowen raised their price target on shares of Tenaris from $45.00 to $49.00 in a research note on Friday, February 17th. Grupo Santander cut shares of Tenaris from an "outperform" rating to a "neutral" rating in a research note on Monday, November 28th. StockNews.com raised shares of Tenaris from a "buy" rating to a "strong-buy" rating in a research note on Friday, February 17th. Finally, Piper Sandler raised their price target on shares of Tenaris from $33.00 to $45.00 and gave the stock an "overweight" rating in a research note on Friday, November 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Tenaris presently has a consensus rating of "Moderate Buy" and an average price target of $40.64.
Tenaris Trading Down 2.6 %
NYSE:TS opened at $31.86 on Friday. Tenaris S.A. has a 1-year low of $22.24 and a 1-year high of $38.00. The firm has a fifty day simple moving average of $34.29 and a 200 day simple moving average of $31.88. The stock has a market capitalization of $18.81 billion, a PE ratio of 7.36, a P/E/G ratio of 2.54 and a beta of 1.46.
Tenaris Company Profile
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Tenaris SA manufactures and supplies steel pipe products. It operates through the Tubes and Other segments. The Tubes segment consists of the production and sale of both seamless and welded steel tubular products and related services mainly for the oil and gas industry, particularly oil country tubular goods used in drilling operations, and for other industrial applications with production processes that consist in the transformation of steel into tubular products.
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