15,279 Shares in Tenaris S.A. (NYSE:TS) Purchased by First Trust Advisors LP

First Trust Advisors LP purchased a new position in shares of Tenaris S.A. (NYSE:TS - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 15,279 shares of the industrial products company's stock, valued at approximately $577,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC grew its position 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 worth $35,000 after buying an additional 548 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Tenaris by 78.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 478 shares during the period. Headlands Technologies LLC purchased a new position in shares of Tenaris in the 4th quarter valued at approximately $42,000. Smartleaf Asset Management LLC lifted its stake 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 valued at $65,000 after purchasing an additional 1,284 shares during the period. Finally, Covestor Ltd lifted its stake in shares of Tenaris by 37.2% in the 4th quarter. Covestor Ltd now owns 1,729 shares of the industrial products company's stock valued at $65,000 after purchasing an additional 469 shares during the period. 10.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TS has been the subject of a number of research analyst reports. Piper Sandler raised their target price on Tenaris from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Tuesday, February 25th. Kepler Capital Markets cut Tenaris from a "buy" rating to a "hold" rating in a research note on Friday, January 17th. StockNews.com upgraded Tenaris from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. Bank of America cut Tenaris from a "neutral" rating to an "underperform" rating in a research note on Wednesday, January 29th. Finally, Stifel Nicolaus lowered their price objective on Tenaris from $43.00 to $41.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Tenaris currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.50.

Tenaris Price Performance

Shares of TS traded down $0.42 during trading hours on Thursday, hitting $34.31. The stock had a trading volume of 450,605 shares, compared to its average volume of 1,755,824. Tenaris S.A. has a 12 month low of $27.24 and a 12 month high of $40.87. The firm has a market capitalization of $19.94 billion, a PE ratio of 9.50 and a beta of 1.27. The stock has a fifty day moving average price of $35.16 and a 200 day moving average price of $36.79.

Tenaris (NYSE:TS - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $2.88 billion. During the same quarter in the previous year, the company posted $1.27 earnings per share. Tenaris's revenue for the quarter was down 15.1% on a year-over-year basis. As a group, analysts anticipate that Tenaris S.A. will post 3.14 EPS for the current fiscal year.

Tenaris Increases Dividend

The business 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 dividend of $0.56 per share. The ex-dividend date 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 68.29%.

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.