Timber Hill LLC bought a new stake in shares of Tenaris SA (NYSE:TS) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,004 shares of the industrial products company’s stock, valued at approximately $205,000.
Several other hedge funds have also recently modified their holdings of the stock. Kernodle & Katon Asset Management Group LLC acquired a new position in shares of Tenaris SA during the third quarter valued at $129,000. Advisor Group Inc. boosted its position in shares of Tenaris SA by 16.0% in the third quarter. Advisor Group Inc. now owns 4,789 shares of the industrial products company’s stock valued at $136,000 after buying an additional 662 shares during the last quarter. Tyers Asset Management LLC acquired a new position in shares of Tenaris SA during the fourth quarter valued at $173,000. Flinton Capital Management LLC acquired a new position in shares of Tenaris SA during the fourth quarter valued at $210,000. Finally, American National Insurance Co. TX purchased a new position in Tenaris SA during the fourth quarter valued at approximately $211,000. Institutional investors own 16.47% of the company’s stock.
Tenaris SA (NYSE:TS) traded up 1.66% on Friday, reaching $32.44. 1,657,985 shares of the company were exchanged. The firm has a market capitalization of $19.15 billion, a P/E ratio of 79.12 and a beta of 0.91. Tenaris SA has a 12-month low of $25.19 and a 12-month high of $37.21. The firm has a 50-day moving average of $32.28 and a 200 day moving average of $33.11.
Tenaris SA (NYSE:TS) last posted its earnings results on Wednesday, February 22nd. The industrial products company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.03. The company had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Tenaris SA had a negative net margin of 0.52% and a negative return on equity of 0.21%. Tenaris SA’s quarterly revenue was down 23.8% on a year-over-year basis. During the same period last year, the company posted ($0.08) earnings per share. On average, equities analysts predict that Tenaris SA will post $0.52 earnings per share for the current year.
The business also recently announced a dividend, which will be paid on Wednesday, May 24th. Investors of record on Tuesday, May 23rd will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Friday, May 19th. Tenaris SA’s payout ratio is -1,300.00%.
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TS has been the topic of several recent analyst reports. Scotiabank set a $40.00 target price on shares of Tenaris SA and gave the stock a “buy” rating in a research report on Saturday, April 1st. Zacks Investment Research raised shares of Tenaris SA from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Tuesday, January 24th. Evercore ISI raised shares of Tenaris SA from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Monday, February 27th. Loop Capital raised shares of Tenaris SA from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. raised shares of Tenaris SA from an “underweight” rating to a “neutral” rating and set a $35.00 price target on the stock in a report on Thursday, January 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $38.14.
Tenaris SA Company Profile
Tenaris SA is a holding company, which is a steel producer with production facilities in Mexico, Argentina, Colombia, United States and Guatemala. The Company supplies round steel bars and flat steel products for its pipes business. It operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods (OCTG) used in drilling operations, and for other industrial applications with production processes that include in the transformation of steel into tubular products.
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