Fox Run Management L.L.C. lifted its position in Tenaris S.A. (NYSE:TS – Get Rating) by 33.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 24,716 shares of the industrial products company's stock after acquiring an additional 6,174 shares during the period. Fox Run Management L.L.C.'s holdings in Tenaris were worth $869,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Financial Management Professionals Inc. bought a new position in shares of Tenaris during the 4th quarter worth approximately $28,000. Captrust Financial Advisors raised its stake in Tenaris by 155.8% in the 2nd quarter. Captrust Financial Advisors now owns 1,110 shares of the industrial products company's stock valued at $29,000 after acquiring an additional 676 shares during the period. Ronald Blue Trust Inc. lifted its holdings in Tenaris by 50.7% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,278 shares of the industrial products company's stock valued at $32,000 after purchasing an additional 430 shares during the last quarter. IFP Advisors Inc boosted its position in Tenaris by 345.2% during the third quarter. IFP Advisors Inc now owns 926 shares of the industrial products company's stock worth $45,000 after purchasing an additional 718 shares during the period. Finally, Macquarie Group Ltd. acquired a new position in shares of Tenaris in the third quarter valued at $45,000. 12.15% of the stock is currently owned by institutional investors and hedge funds.
Get Tenaris alerts:Analysts Set New Price Targets
Several analysts recently commented on TS shares. Piper Sandler reduced their target price on shares of Tenaris from $49.00 to $44.00 in a report on Monday. Cowen upped their target price on Tenaris from $45.00 to $49.00 in a research report on Friday, February 17th. Morgan Stanley dropped their price target on Tenaris from $44.00 to $40.00 in a report on Tuesday, April 18th. Finally, StockNews.com lowered Tenaris from a "strong-buy" rating to a "buy" rating in a report on Thursday, April 13th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Tenaris presently has a consensus rating of "Moderate Buy" and an average target price of $44.14.
Tenaris Stock Down 0.4 %
TS stock traded down $0.12 during midday trading on Monday, reaching $28.59. 469,272 shares of the company's stock traded hands, compared to its average volume of 2,221,995. The company has a market cap of $16.88 billion, a price-to-earnings ratio of 5.34, a P/E/G ratio of 2.27 and a beta of 1.44. The firm's fifty day moving average price is $30.37 and its 200-day moving average price is $32.28. Tenaris S.A. has a 52 week low of $22.24 and a 52 week high of $38.00.
Tenaris (NYSE:TS – Get Rating) last posted its quarterly earnings data on Wednesday, February 15th. The industrial products company reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.01). The business had revenue of $3.62 billion during the quarter, compared to analysts' expectations of $3.60 billion. Tenaris had a return on equity of 23.75% and a net margin of 23.49%. Analysts forecast that Tenaris S.A. will post 6.03 earnings per share for the current year.
Tenaris Increases Dividend
The company also recently declared a semi-annual dividend, which will be paid on Wednesday, May 24th. Stockholders of record on Tuesday, May 23rd will be issued a $0.68 dividend. The ex-dividend date is Monday, May 22nd. This is a boost from Tenaris's previous semi-annual dividend of $0.56. Tenaris's dividend payout ratio is presently 12.62%.
Tenaris Profile
(Get Rating)
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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