Tenaris (NYSE:TS) Given New $41.00 Price Target at Stifel Nicolaus

Tenaris (NYSE:TS) had its price objective lowered by Stifel Nicolaus from $43.00 to $41.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the industrial products company’s stock.

A number of other brokerages have also issued reports on TS. Piper Sandler lifted their price target on Tenaris from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 25th. StockNews.com cut shares of Tenaris from a “buy” rating to a “hold” rating in a research report on Saturday, March 22nd. Bank of America lowered shares of Tenaris from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 29th. Barclays raised their price target on shares of Tenaris from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. Finally, Kepler Capital Markets cut Tenaris from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $45.60.

Tenaris Trading Up 0.3 %

NYSE TS opened at $32.07 on Tuesday. The stock has a market capitalization of $18.64 billion, a price-to-earnings ratio of 8.88 and a beta of 1.21. Tenaris has a twelve month low of $27.24 and a twelve month high of $40.87. The stock has a 50-day moving average of $37.06 and a 200 day moving average of $36.59.

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

Tenaris Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, May 21st. Investors of record on Tuesday, May 20th will be issued a dividend of $0.56 per share. This is a boost from Tenaris’s previous semi-annual dividend of $0.54. The ex-dividend date of this dividend is Tuesday, May 20th. Tenaris’s dividend payout ratio (DPR) is 31.02%.

Institutional Trading of Tenaris

A number of institutional investors and hedge funds have recently bought and sold shares of TS. Charles Schwab Investment Management Inc. increased its stake in Tenaris by 48.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 23,132 shares of the industrial products company’s stock worth $735,000 after buying an additional 7,533 shares during the period. Barclays PLC increased its position in shares of Tenaris by 30,000.0% during the third quarter. Barclays PLC now owns 6,020 shares of the industrial products company’s stock worth $192,000 after acquiring an additional 6,000 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Tenaris in the third quarter valued at $2,200,000. Wilmington Savings Fund Society FSB purchased a new position in Tenaris in the third quarter valued at $67,000. Finally, Versant Capital Management Inc acquired a new position in Tenaris during the 4th quarter worth $28,000. 10.45% of the stock is currently owned by hedge funds and other institutional investors.

Tenaris Company 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.