282,380 Shares in Tenaris S.A. (NYSE:TS) Purchased by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC bought a new stake in shares of Tenaris S.A. (NYSE:TS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 282,380 shares of the industrial products company's stock, valued at approximately $10,671,000.

A number of other large investors have also added to or reduced their stakes in TS. Versant Capital Management Inc bought a new stake in Tenaris in the fourth quarter valued at approximately $28,000. GAMMA Investing LLC raised its holdings in Tenaris by 140.2% in the fourth quarter. GAMMA Investing LLC now owns 939 shares of the industrial products company's stock worth $35,000 after purchasing an additional 548 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake 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 acquiring an additional 478 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Tenaris in the 4th quarter worth approximately $42,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of Tenaris by 291.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,725 shares of the industrial products company's stock worth $65,000 after acquiring an additional 1,284 shares during the last quarter. Hedge funds and other institutional investors own 10.45% of the company's stock.

Tenaris Price Performance

Shares of NYSE:TS traded down $0.44 during midday trading on Wednesday, hitting $33.01. The company had a trading volume of 1,345,945 shares, compared to its average volume of 1,758,367. The business's 50-day simple moving average is $35.43 and its 200-day simple moving average is $36.70. The stock has a market cap of $19.19 billion, a price-to-earnings ratio of 9.14 and a beta of 1.27. Tenaris S.A. has a twelve month low of $27.24 and a twelve month high of $40.87.

Tenaris (NYSE:TS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.94 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.14. Tenaris had a return on equity of 11.76% and a net margin of 16.26%. The business had revenue of $2.92 billion during the quarter, compared to analysts' expectations of $2.88 billion. During the same period in the previous year, the firm posted $1.27 earnings per share. The company's revenue was down 15.1% on a year-over-year basis. As a group, sell-side analysts forecast that Tenaris S.A. will post 3.14 EPS for the current 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 issued 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 payout ratio is presently 34.15%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. StockNews.com raised Tenaris from a "hold" rating to a "buy" rating in a research report on Monday. Stifel Nicolaus decreased their target price on shares of Tenaris from $43.00 to $41.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. BNP Paribas initiated coverage on Tenaris in a research note on Tuesday, April 22nd. They issued an "outperform" rating for the company. Bank of America cut shares of Tenaris from a "neutral" rating to an "underperform" rating in a research note on Wednesday, January 29th. Finally, Piper Sandler increased their price target on Tenaris from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $46.50.

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.