Crossmark Global Holdings Inc. Boosts Position in Tenaris S.A. (NYSE:TS)

Crossmark Global Holdings Inc. grew its stake in Tenaris S.A. (NYSE:TS) by 21.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,737 shares of the industrial products company’s stock after buying an additional 3,845 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Tenaris were worth $691,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Van ECK Associates Corp increased its holdings in shares of Tenaris by 10.9% during the 2nd quarter. Van ECK Associates Corp now owns 3,183,299 shares of the industrial products company’s stock worth $97,154,000 after buying an additional 313,185 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Tenaris by 46.2% during the second quarter. Renaissance Technologies LLC now owns 2,592,044 shares of the industrial products company’s stock worth $79,109,000 after buying an additional 819,500 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Tenaris by 3.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,782,729 shares of the industrial products company’s stock valued at $70,009,000 after acquiring an additional 56,935 shares during the last quarter. Kiltearn Partners LLP increased its stake in Tenaris by 49.9% in the first quarter. Kiltearn Partners LLP now owns 743,959 shares of the industrial products company’s stock valued at $29,379,000 after purchasing an additional 247,559 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Tenaris by 20,284.0% during the 1st quarter. Acadian Asset Management LLC now owns 550,979 shares of the industrial products company’s stock worth $21,623,000 after acquiring an additional 548,276 shares during the period. 10.45% of the stock is owned by institutional investors and hedge funds.

Tenaris Stock Performance

TS stock opened at $37.00 on Friday. The firm has a 50 day simple moving average of $31.97 and a 200 day simple moving average of $31.47. Tenaris S.A. has a 52 week low of $27.24 and a 52 week high of $40.72. The stock has a market cap of $21.51 billion, a P/E ratio of 8.06 and a beta of 1.43.

Tenaris Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Tuesday, November 19th will be issued a dividend of $0.54 per share. This represents a dividend yield of 3.6%. The ex-dividend date is Tuesday, November 19th. Tenaris’s dividend payout ratio is 34.86%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TS. Stifel Nicolaus reduced their target price on Tenaris from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, October 11th. StockNews.com raised shares of Tenaris from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Tenaris currently has a consensus rating of “Hold” and a consensus target price of $38.67.

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.