Caxton Associates LP Takes $680,000 Position in Tenaris S.A. (NYSE:TS)

Caxton Associates LP acquired a new position in shares of Tenaris S.A. (NYSE:TS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 18,000 shares of the industrial products company's stock, valued at approximately $680,000.

Several other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc acquired a new stake in Tenaris in the fourth quarter valued at approximately $28,000. GAMMA Investing LLC boosted its holdings in shares of Tenaris by 140.2% during 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 during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Tenaris by 78.9% during the 4th 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 period. Headlands Technologies LLC acquired a new position in shares of Tenaris during the fourth quarter worth $42,000. Finally, Smartleaf Asset Management LLC increased its position in shares of Tenaris by 291.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,725 shares of the industrial products company's stock worth $65,000 after purchasing an additional 1,284 shares during the last quarter. 10.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on TS shares. Piper Sandler lifted their price target on shares of Tenaris from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Bank of America lowered Tenaris from a "neutral" rating to an "underperform" rating in a research report on Wednesday, January 29th. BNP Paribas started coverage on shares of Tenaris in a research report on Tuesday, April 22nd. They issued an "outperform" rating on the stock. StockNews.com raised shares of Tenaris from a "hold" rating to a "buy" rating in a report on Monday, May 5th. Finally, Stifel Nicolaus lowered their price target on shares of Tenaris from $43.00 to $41.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Tenaris has an average rating of "Moderate Buy" and a consensus target price of $46.50.

Tenaris Price Performance

TS stock traded up $0.44 during trading on Friday, hitting $34.06. 896,647 shares of the company traded hands, compared to its average volume of 1,758,732. The company has a market cap of $19.80 billion, a PE ratio of 9.43 and a beta of 1.27. The stock's 50-day simple moving average is $35.32 and its 200 day simple moving average is $36.72. Tenaris S.A. has a 1 year low of $27.24 and a 1 year high of $40.87.

Tenaris (NYSE:TS - Get Free Report) last announced its earnings results on Wednesday, April 30th. The industrial products company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.14. The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.88 billion. Tenaris had a net margin of 16.26% and a return on equity of 11.76%. Tenaris's revenue was down 15.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.27 earnings per share. Research analysts expect that Tenaris S.A. will post 3.14 earnings per share for the current year.

Tenaris Increases Dividend

The firm also recently declared 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. This is a boost 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 34.15%.

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.