Tenaris S.A. (NYSE:TS) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. boosted its stake in shares of Tenaris S.A. (NYSE:TS - Free Report) by 61.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,111 shares of the industrial products company's stock after acquiring an additional 13,374 shares during the period. Crossmark Global Holdings Inc.'s holdings in Tenaris were worth $1,327,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TS. Wellington Management Group LLP lifted its stake in shares of Tenaris by 187.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,546,184 shares of the industrial products company's stock valued at $80,943,000 after purchasing an additional 1,660,300 shares during the last quarter. Holocene Advisors LP bought a new stake in shares of Tenaris during the third quarter valued at approximately $21,454,000. FMR LLC boosted its holdings in shares of Tenaris by 21.3% in the third quarter. FMR LLC now owns 3,503,644 shares of the industrial products company's stock valued at $111,381,000 after purchasing an additional 614,884 shares during the period. Mediolanum International Funds Ltd bought a new position in shares of Tenaris during the 3rd quarter worth $17,129,000. Finally, Point72 Asset Management L.P. grew its holdings in Tenaris by 102.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,050,552 shares of the industrial products company's stock worth $33,397,000 after acquiring an additional 531,860 shares in the last quarter. Hedge funds and other institutional investors own 10.45% of the company's stock.

Wall Street Analyst Weigh In

TS has been the subject of several analyst reports. Piper Sandler assumed coverage on Tenaris in a 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 increased their price target for the stock from $35.00 to $47.00 in a report on Monday, December 9th. StockNews.com raised shares of Tenaris from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Kepler Capital Markets lowered Tenaris from a "buy" rating to a "hold" rating in a report on Friday, January 17th. Finally, Stifel Nicolaus cut their target price on shares of Tenaris from $37.00 to $36.00 and set a "buy" rating for the company in a report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Tenaris presently has a consensus rating of "Moderate Buy" and an average price target of $42.75.

Tenaris Trading Up 0.2 %

Tenaris stock traded up $0.06 during mid-day trading on Friday, hitting $38.57. The company's stock had a trading volume of 1,541,218 shares, compared to its average volume of 907,753. Tenaris S.A. has a 1 year low of $27.24 and a 1 year high of $40.72. The stock's fifty day moving average is $38.14 and its two-hundred day moving average is $33.44. The firm has a market capitalization of $22.42 billion, a PE ratio of 8.40 and a beta of 1.45.

Tenaris Cuts Dividend

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