Tenaris S.A. (NYSE:TS) Shares Purchased by Fox Run Management L.L.C.

Fox Run Management L.L.C. increased its stake in shares of Tenaris S.A. (NYSE:TS) by 48.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,155 shares of the industrial products company’s stock after purchasing an additional 7,210 shares during the quarter. Fox Run Management L.L.C.’s holdings in Tenaris were worth $837,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cadence Wealth Management LLC grew its stake in Tenaris by 3.3% during the 4th quarter. Cadence Wealth Management LLC now owns 18,149 shares of the industrial products company’s stock worth $686,000 after purchasing an additional 583 shares in the last quarter. Signaturefd LLC lifted its holdings in Tenaris by 2.3% during the 4th quarter. Signaturefd LLC now owns 18,647 shares of the industrial products company’s stock worth $705,000 after buying an additional 418 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Tenaris by 78.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the industrial products company’s stock worth $41,000 after buying an additional 478 shares during the last quarter. West Family Investments Inc. lifted its holdings in Tenaris by 20.8% during the 4th quarter. West Family Investments Inc. now owns 7,616 shares of the industrial products company’s stock worth $288,000 after buying an additional 1,309 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Tenaris during the 4th quarter worth about $868,000. 10.45% of the stock is owned by institutional investors and hedge funds.

Tenaris Stock Performance

Tenaris stock opened at $39.36 on Monday. Tenaris S.A. has a fifty-two week low of $27.24 and a fifty-two week high of $40.73. The company has a market capitalization of $22.88 billion, a P/E ratio of 10.90 and a beta of 1.43. The stock has a 50-day simple moving average of $38.27 and a 200-day simple moving average of $35.89.

Tenaris (NYSE:TS) last posted its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.63 by $0.31. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.71 billion. Tenaris had a return on equity of 11.76% and a net margin of 16.26%. As a group, analysts forecast that Tenaris S.A. will post 3.14 earnings per share for the current year.

Tenaris Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Tuesday, May 20th will be paid a dividend of $0.56 per share. The ex-dividend date is Tuesday, May 20th. This is an increase from Tenaris’s previous semi-annual dividend of $0.54. Tenaris’s dividend payout ratio is currently 31.02%.

Analyst Upgrades and Downgrades

TS has been the subject of a number of recent analyst reports. Kepler Capital Markets downgraded Tenaris from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Jefferies Financial Group raised Tenaris from a “hold” rating to a “buy” rating and lifted their price target for the stock from $35.00 to $47.00 in a report on Monday, December 9th. Bank of America downgraded Tenaris from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 29th. Piper Sandler lifted their price target on Tenaris from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Tuesday, February 25th. Finally, Stifel Nicolaus boosted their target price on Tenaris from $40.00 to $43.00 and gave the company a “buy” rating in a report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $46.00.

Tenaris Profile

Tenaris SA, together with its subsidiaries, produces and sells seamless and welded steel tubular products and related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, line pipes, cold-drawn pipes, and premium joints and couplings; and coiled tubing products for oil and gas drilling and workovers, and subsea pipelines.