J2 Capital Management Inc Invests $513,000 in Tenaris S.A. (NYSE:TS)

J2 Capital Management Inc bought a new stake in Tenaris S.A. (NYSE:TS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,569 shares of the industrial products company's stock, valued at approximately $513,000.

Several other large investors have also recently bought and sold shares of TS. Versant Capital Management Inc acquired a new stake in shares of Tenaris in the 4th quarter valued at approximately $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Tenaris during the third quarter valued at $33,000. GAMMA Investing LLC lifted its stake in shares of Tenaris by 140.2% during the fourth quarter. GAMMA Investing LLC now owns 939 shares of the industrial products company's stock valued at $35,000 after buying an additional 548 shares during the period. Covestor Ltd acquired a new stake in shares of Tenaris during the third quarter worth $40,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Tenaris by 36.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,420 shares of the industrial products company's stock valued at $45,000 after acquiring an additional 377 shares during the last quarter. Hedge funds and other institutional investors own 10.45% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TS. StockNews.com upgraded Tenaris from a "hold" rating to a "buy" rating in a report on Friday. Kepler Capital Markets lowered Tenaris from a "buy" rating to a "hold" rating in a report on Friday. Piper Sandler initiated coverage on shares of Tenaris in a research report on Thursday, December 19th. They set an "overweight" rating and a $48.00 price objective for the company. Jefferies Financial Group upgraded shares of Tenaris from a "hold" rating to a "buy" rating and upped their price target for the stock from $35.00 to $47.00 in a research report on Monday, December 9th. Finally, Stifel Nicolaus reduced their price target on Tenaris from $37.00 to $36.00 and set a "buy" rating for the company in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $42.75.

Tenaris Trading Down 0.8 %

Tenaris stock traded down $0.32 on Friday, reaching $38.62. 1,486,897 shares of the stock were exchanged, compared to its average volume of 1,073,752. The firm has a fifty day moving average price of $37.97 and a two-hundred day moving average price of $33.20. The stock has a market cap of $22.45 billion, a PE ratio of 8.41 and a beta of 1.45. Tenaris S.A. has a twelve month low of $27.24 and a twelve month high of $40.72.

Tenaris Cuts Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Wednesday, November 20th. Shareholders of record on Tuesday, November 19th were paid a dividend of $0.54 per share. This represents a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, November 19th. Tenaris's dividend payout ratio is 23.53%.

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.