Ethic Inc. Has $5.54 Million Holdings in Tenaris S.A. $TS

Ethic Inc. lifted its position in Tenaris S.A. (NYSE:TS) by 11.6% in the 4th quarter, Holdings Channel reports. The fund owned 144,124 shares of the industrial products company’s stock after buying an additional 14,957 shares during the period. Ethic Inc.’s holdings in Tenaris were worth $5,542,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TS. Raymond James Financial Inc. purchased a new stake in shares of Tenaris in the second quarter valued at $49,000. Advisory Services Network LLC purchased a new position in shares of Tenaris during the third quarter valued at $47,000. Farther Finance Advisors LLC grew its holdings in shares of Tenaris by 100.6% during the third quarter. Farther Finance Advisors LLC now owns 1,446 shares of the industrial products company’s stock valued at $52,000 after buying an additional 725 shares in the last quarter. CWM LLC raised its position in Tenaris by 57.7% during the third quarter. CWM LLC now owns 1,560 shares of the industrial products company’s stock valued at $56,000 after buying an additional 571 shares during the period. Finally, Versant Capital Management Inc lifted its stake in Tenaris by 38.5% in the 3rd quarter. Versant Capital Management Inc now owns 4,205 shares of the industrial products company’s stock worth $150,000 after acquiring an additional 1,168 shares in the last quarter. 10.45% of the stock is currently owned by hedge funds and other institutional investors.

Tenaris Price Performance

Shares of NYSE TS opened at $59.82 on Monday. Tenaris S.A. has a one year low of $32.00 and a one year high of $64.33. The business’s 50-day moving average price is $57.76 and its two-hundred day moving average price is $47.40. The company has a market capitalization of $32.06 billion, a P/E ratio of 15.82, a price-to-earnings-growth ratio of 2.06 and a beta of 0.85.

Tenaris (NYSE:TS) last posted its quarterly earnings results on Wednesday, May 6th. The industrial products company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.20. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $2.99 billion. Tenaris had a return on equity of 11.53% and a net margin of 16.17%.The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the business earned $0.94 EPS. On average, equities analysts anticipate that Tenaris S.A. will post 3.57 EPS for the current year.

Tenaris Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 20th. Investors of record on Tuesday, May 19th will be given a dividend of $1.20 per share. This represents a yield of 450.0%. The ex-dividend date of this dividend is Tuesday, May 19th. Tenaris’s dividend payout ratio (DPR) is presently 30.69%.

Wall Street Analysts Forecast Growth

TS has been the subject of a number of research reports. TD Cowen restated a “buy” rating on shares of Tenaris in a research report on Wednesday, March 18th. Weiss Ratings raised shares of Tenaris from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Oddo Bhf upgraded shares of Tenaris to an “outperform” rating in a report on Thursday, February 5th. Barclays boosted their price objective on shares of Tenaris to $82.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Piper Sandler upped their price objective on shares of Tenaris from $42.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Tenaris currently has an average rating of “Moderate Buy” and an average target price of $58.95.

Tenaris 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.