28,288 Shares in Tenaris S.A. (NYSE:TS) Bought by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC bought a new stake in Tenaris S.A. (NYSE:TS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 28,288 shares of the industrial products company's stock, valued at approximately $1,069,000.

Several other hedge funds also recently modified their holdings of TS. Versant Capital Management Inc purchased a new position in Tenaris during the fourth quarter worth about $28,000. GAMMA Investing LLC lifted its holdings in shares of Tenaris by 140.2% during the 4th quarter. GAMMA Investing LLC now owns 939 shares of the industrial products company's stock worth $35,000 after acquiring an additional 548 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Tenaris by 78.9% in 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 during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Tenaris in the fourth quarter worth approximately $42,000. Finally, Smartleaf Asset Management LLC grew its holdings in Tenaris by 291.2% in the fourth 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. 10.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TS has been the topic of a number of research analyst reports. Bank of America lowered shares of Tenaris from a "neutral" rating to an "underperform" rating in a report on Wednesday, January 29th. Kepler Capital Markets cut Tenaris from a "buy" rating to a "hold" rating in a report on Friday, January 17th. Barclays set a $48.00 price target on Tenaris and gave the company an "overweight" rating in a research report on Tuesday, May 6th. Piper Sandler raised their price objective on Tenaris from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Tuesday, February 25th. Finally, StockNews.com raised Tenaris from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. One 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's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $46.50.

Tenaris Stock Performance

Tenaris stock traded up $0.11 during trading on Tuesday, reaching $34.84. 313,312 shares of the company's stock were exchanged, compared to its average volume of 1,754,509. Tenaris S.A. has a 52-week low of $27.24 and a 52-week high of $40.87. The firm has a market cap of $20.26 billion, a price-to-earnings ratio of 9.65 and a beta of 1.27. The company's 50-day moving average is $35.26 and its two-hundred day moving average is $36.81.

Tenaris (NYSE:TS - Get Free Report) last issued 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. Tenaris had a return on equity of 11.76% and a net margin of 16.26%. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter in the prior year, the business earned $1.27 earnings per share. The company's revenue was down 15.1% compared to the same quarter last year. Analysts anticipate that Tenaris S.A. will post 3.14 EPS for the current 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 $0.56 dividend. The ex-dividend date is Tuesday, May 20th. This is a boost from Tenaris's previous semi-annual dividend of $0.54. Tenaris's dividend payout ratio is currently 68.29%.

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.