Tenaris S.A. (NYSE:TS) Shares Sold by OLD Mission Capital LLC

OLD Mission Capital LLC lessened its position in Tenaris S.A. (NYSE:TS - Free Report) by 29.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 282,867 shares of the industrial products company's stock after selling 118,316 shares during the quarter. OLD Mission Capital LLC's holdings in Tenaris were worth $10,690,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TS. Versant Capital Management Inc acquired a new stake in shares of Tenaris in the fourth quarter valued at $28,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Tenaris in the 3rd quarter valued at about $33,000. GAMMA Investing LLC boosted its stake in shares of Tenaris by 140.2% in the 4th 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. EverSource Wealth Advisors LLC grew its position in shares of Tenaris by 78.9% during the fourth 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 in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Tenaris by 291.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,725 shares of the industrial products company's stock worth $65,000 after buying an additional 1,284 shares during the period. Institutional investors and hedge funds own 10.45% of the company's stock.

Tenaris Price Performance

Shares of TS stock traded down $2.75 during midday trading on Friday, hitting $33.15. The company had a trading volume of 3,667,250 shares, compared to its average volume of 1,531,987. The stock has a market cap of $19.27 billion, a price-to-earnings ratio of 9.18 and a beta of 1.43. The company's 50 day simple moving average is $38.32 and its 200 day simple moving average is $36.46. Tenaris S.A. has a 52-week low of $27.24 and a 52-week high of $40.87.

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Tenaris (NYSE:TS - Get Free Report) last announced 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. Tenaris had a net margin of 16.26% and a return on equity of 11.76%. The company had revenue of $2.85 billion for the quarter, compared to analysts' expectations of $2.71 billion. Analysts anticipate that Tenaris S.A. will post 3.14 EPS for the current year.

Tenaris Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Tuesday, May 20th will be issued a $0.56 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This is a positive change from Tenaris's previous semi-annual dividend of $0.54. Tenaris's payout ratio is currently 31.02%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Kepler Capital Markets cut shares of 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 raised their target price for the stock from $35.00 to $47.00 in a research report on Monday, December 9th. Barclays upped their price target on Tenaris from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Stifel Nicolaus boosted their price objective on shares of Tenaris from $40.00 to $43.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Bank of America downgraded shares of Tenaris from a "neutral" rating to an "underperform" rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average 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.