Massachusetts Financial Services Co. MA Purchases 53,553 Shares of Tenaris S.A. $TS

Key Points

• Massachusetts Financial Services Co. (MFS) raised its stake in Tenaris by 8.9%, buying 53,553 shares to own 656,439 shares worth about $25.24 million (≈0.11% of the company).
• Tenaris beat quarterly expectations with EPS of $0.87 versus $0.76 expected and reported revenue of $3.0 billion (up 5.3% year‑over‑year).
• The company announced a dividend of $1.20 per share payable May 20 (ex‑div May 19); the stock opened at $57.95 with a 12‑month range of $31.76–$60.64 and a consensus analyst rating of "Hold" with a $54.62 target.

Massachusetts Financial Services Co. MA raised its position in Tenaris S.A. (NYSE:TS - Free Report) by 8.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 656,439 shares of the industrial products company's stock after acquiring an additional 53,553 shares during the period. Massachusetts Financial Services Co. MA owned about 0.11% of Tenaris worth $25,240,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of TS. AQR Capital Management LLC lifted its stake in Tenaris by 14.3% in the 1st quarter. AQR Capital Management LLC now owns 23,662 shares of the industrial products company's stock valued at $925,000 after acquiring an additional 2,969 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Tenaris in the 1st quarter valued at approximately $203,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Tenaris in the 1st quarter valued at approximately $5,458,000. JPMorgan Chase & Co. lifted its stake in Tenaris by 77.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 16,877 shares of the industrial products company's stock valued at $631,000 after acquiring an additional 7,363 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in Tenaris by 4.2% in the 2nd quarter. Rhumbline Advisers now owns 8,387 shares of the industrial products company's stock valued at $314,000 after acquiring an additional 338 shares in the last quarter. Institutional investors own 10.45% of the company's stock.

Tenaris Stock Down 1.6%

Shares of Tenaris stock opened at $57.95 on Thursday. Tenaris S.A. has a 12-month low of $31.76 and a 12-month high of $60.64. The stock has a market cap of $31.06 billion, a P/E ratio of 15.88, a P/E/G ratio of 2.07 and a beta of 0.81. The business's 50 day moving average is $54.35 and its 200-day moving average is $44.74.

Tenaris (NYSE:TS - Get Free Report) last announced its quarterly earnings data on Sunday, February 15th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.11. Tenaris had a return on equity of 11.32% and a net margin of 16.13%.The company had revenue of $3 billion for the quarter, compared to analysts' expectations of $2.95 billion. During the same quarter in the prior year, the business posted $0.94 EPS. The business's revenue was up 5.3% compared to the same quarter last year. On average, sell-side analysts expect that Tenaris S.A. will post 3.14 EPS for the current year.

Tenaris Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 20th. Investors of record on Tuesday, May 19th will be issued a dividend of $1.20 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a dividend yield of 450.0%. Tenaris's payout ratio is presently 65.75%.

Analysts Set New Price Targets

TS has been the topic of several research reports. Morgan Stanley boosted their target price on Tenaris from $40.00 to $50.00 and gave the company an "underweight" rating in a research note on Wednesday. Oddo Bhf upgraded Tenaris to an "outperform" rating in a research note on Thursday, February 5th. TD Cowen restated a "buy" rating on shares of Tenaris in a research note on Wednesday, March 18th. Wall Street Zen upgraded Tenaris from a "hold" rating to a "buy" rating in a research note on Saturday, April 4th. Finally, Stifel Nicolaus upped their price objective on Tenaris from $45.00 to $57.00 and gave the stock a "buy" rating in a research note on Monday, February 23rd. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $54.62.

Tenaris Company Profile

Tenaris SA is a global manufacturer and supplier of steel tubular products and related services, primarily serving the oil and gas industry as well as other energy and industrial markets. Its product portfolio centers on seamless and welded steel pipes used for casing, tubing and line pipe applications, alongside a range of specialty and mechanical steel tubes. The company also provides value‑added technical solutions, including premium connections, heat treatment and surface protection, to support drilling, completion and production activities.

Tenaris operates an integrated industrial and commercial network that combines manufacturing, distribution and field services.

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