Callan Family Office LLC acquired a new stake in Tenaris S.A. (NYSE:TS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,904 shares of the industrial products company's stock, valued at approximately $450,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of TS. Proficio Capital Partners LLC bought a new position in shares of Tenaris during the fourth quarter valued at approximately $968,000. Assetmark Inc. increased its position in Tenaris by 0.8% during the 4th quarter. Assetmark Inc. now owns 443,185 shares of the industrial products company's stock valued at $16,748,000 after purchasing an additional 3,632 shares during the period. Exencial Wealth Advisors LLC raised its holdings in Tenaris by 0.5% in the 4th quarter. Exencial Wealth Advisors LLC now owns 50,404 shares of the industrial products company's stock worth $1,905,000 after purchasing an additional 270 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Tenaris by 16.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 26,946 shares of the industrial products company's stock worth $1,018,000 after purchasing an additional 3,814 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in Tenaris by 291.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,725 shares of the industrial products company's stock valued at $65,000 after acquiring an additional 1,284 shares in the last quarter. 10.45% of the stock is owned by institutional investors.
Tenaris Trading Down 0.4 %
TS stock traded down $0.15 during midday trading on Thursday, hitting $36.96. The company's stock had a trading volume of 856,094 shares, compared to its average volume of 1,592,950. The company has a market cap of $21.49 billion, a PE ratio of 10.24 and a beta of 1.43. The firm's 50-day moving average is $38.17 and its 200-day moving average is $35.35. Tenaris S.A. has a 12 month low of $27.24 and a 12 month high of $40.72.
Tenaris (NYSE:TS - Get Free Report) last released 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. Tenaris had a return on equity of 11.76% and a net margin of 16.26%. The company had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.71 billion. Analysts expect 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. Stockholders 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 is Tuesday, May 20th. Tenaris's payout ratio is presently 31.02%.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the company. Bank of America lowered Tenaris from a "neutral" rating to an "underperform" rating in a research report on Wednesday, January 29th. Kepler Capital Markets lowered shares of Tenaris from a "buy" rating to a "hold" rating in a research note on Friday, January 17th. Stifel Nicolaus raised their target price on shares of Tenaris from $40.00 to $43.00 and gave the company a "buy" rating in a research note on Friday, February 21st. Piper Sandler upped 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. Finally, StockNews.com cut Tenaris from a "buy" rating to a "hold" rating in a research note on Thursday, March 6th. Two investment 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. Based on data from MarketBeat.com, Tenaris presently has an average rating of "Hold" and a consensus price target of $46.00.
Check Out Our Latest Research Report on Tenaris
About Tenaris
(
Free Report)
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.
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