Fox Run Management L.L.C. Acquires 7,210 Shares of Tenaris S.A. (NYSE:TS)

Fox Run Management L.L.C. boosted its stake in Tenaris S.A. (NYSE:TS - Free Report) by 48.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,155 shares of the industrial products company's stock after acquiring an additional 7,210 shares during the quarter. Fox Run Management L.L.C.'s holdings in Tenaris were worth $837,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Exencial Wealth Advisors LLC grew its stake in shares of Tenaris by 0.5% during the 4th quarter. Exencial Wealth Advisors LLC now owns 50,404 shares of the industrial products company's stock worth $1,905,000 after acquiring an additional 270 shares in the last quarter. Signaturefd LLC boosted its holdings in Tenaris by 2.3% during the fourth quarter. Signaturefd LLC now owns 18,647 shares of the industrial products company's stock worth $705,000 after purchasing an additional 418 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in 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 purchasing an additional 478 shares during the last quarter. Ballentine Partners LLC increased its stake in Tenaris by 6.1% in the 4th quarter. Ballentine Partners LLC now owns 8,928 shares of the industrial products company's stock valued at $337,000 after buying an additional 516 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in 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 last quarter. 10.45% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several brokerages have recently weighed in on TS. StockNews.com cut Tenaris from a "buy" rating to a "hold" rating in a report on Saturday, March 22nd. Barclays raised their price target on Tenaris from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. Jefferies Financial Group upgraded Tenaris from a "hold" rating to a "buy" rating and upped their price objective for the stock from $35.00 to $47.00 in a research note on Monday, December 9th. Kepler Capital Markets downgraded shares of Tenaris from a "buy" rating to a "hold" rating in a report on Friday, January 17th. Finally, Bank of America cut shares of Tenaris from a "neutral" rating to an "underperform" rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $46.00.

Tenaris Price Performance

TS stock traded down $0.21 during midday trading on Friday, reaching $39.46. 141,370 shares of the company were exchanged, compared to its average volume of 1,486,887. Tenaris S.A. has a one year low of $27.24 and a one year high of $40.87. The firm has a market capitalization of $22.94 billion, a price-to-earnings ratio of 10.93 and a beta of 1.43. The business has a 50-day moving average price of $38.34 and a two-hundred day moving average price of $36.10.

Tenaris (NYSE:TS - Get Free Report) last announced its earnings results on Wednesday, February 19th. The industrial products company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.63 by $0.31. The business had revenue of $2.85 billion during 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%. As a group, analysts anticipate that Tenaris S.A. will post 3.14 earnings per share 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. Stockholders of record on Tuesday, May 20th will be given a $0.56 dividend. This is an increase 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 is presently 31.02%.

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.