13,569 Shares in Tenaris S.A. (NYSE:TS) Acquired by J2 Capital Management Inc

J2 Capital Management Inc bought a new stake in Tenaris S.A. (NYSE:TS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,569 shares of the industrial products company’s stock, valued at approximately $513,000.

Several other large investors have also modified their holdings of TS. GAMMA Investing LLC raised its stake 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 valued at $35,000 after acquiring an additional 548 shares during the period. Versant Capital Management Inc acquired a new position in Tenaris during the fourth quarter worth $28,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Tenaris during the third quarter worth $67,000. World Investment Advisors LLC acquired a new stake in shares of Tenaris in the third quarter valued at $2,200,000. Finally, Barclays PLC grew its stake in shares of Tenaris by 30,000.0% in the third quarter. Barclays PLC now owns 6,020 shares of the industrial products company’s stock valued at $192,000 after buying an additional 6,000 shares in the last quarter. Institutional investors and hedge funds own 10.45% of the company’s stock.

Tenaris Stock Down 0.8 %

NYSE TS opened at $38.62 on Friday. Tenaris S.A. has a 52 week low of $27.24 and a 52 week high of $40.72. The firm has a 50 day moving average of $37.97 and a two-hundred day moving average of $33.18. The stock has a market capitalization of $22.45 billion, a PE ratio of 8.41 and a beta of 1.45.

Tenaris Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 20th. Investors of record on Tuesday, November 19th were issued a $0.54 dividend. This represents a yield of 3.6%. The ex-dividend date was Tuesday, November 19th. Tenaris’s dividend payout ratio (DPR) is presently 23.53%.

Wall Street Analysts Forecast Growth

TS has been the topic of several research reports. Jefferies Financial Group raised Tenaris from a “hold” rating to a “buy” rating and increased their target price for the stock from $35.00 to $47.00 in a research note on Monday, December 9th. Stifel Nicolaus lowered their price objective on shares of Tenaris from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, October 11th. StockNews.com upgraded shares of Tenaris from a “hold” rating to a “buy” rating in a report on Friday. Kepler Capital Markets lowered shares of Tenaris from a “buy” rating to a “hold” rating in a report on Friday. Finally, Piper Sandler started coverage on Tenaris in a research report on Thursday, December 19th. They set an “overweight” rating and a $48.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $42.75.

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.