Tenaris S.A. (NYSE:TS) Shares Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. grew its holdings in shares of Tenaris S.A. (NYSE:TS) by 48.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,155 shares of the industrial products company’s stock after purchasing an additional 7,210 shares during the period. Fox Run Management L.L.C.’s holdings in Tenaris were worth $837,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. FMR LLC increased its position in Tenaris by 21.3% during the 3rd quarter. FMR LLC now owns 3,503,644 shares of the industrial products company’s stock worth $111,381,000 after purchasing an additional 614,884 shares during the period. Wellington Management Group LLP grew its holdings in shares of Tenaris by 187.4% in the 3rd quarter. Wellington Management Group LLP now owns 2,546,184 shares of the industrial products company’s stock worth $80,943,000 after acquiring an additional 1,660,300 shares during the period. Point72 Asset Management L.P. grew its holdings in shares of Tenaris by 102.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,050,552 shares of the industrial products company’s stock worth $33,397,000 after acquiring an additional 531,860 shares during the period. ABC Arbitrage SA acquired a new stake in shares of Tenaris in the 4th quarter worth approximately $31,581,000. Finally, Holocene Advisors LP acquired a new stake in shares of Tenaris in the 3rd quarter worth approximately $21,454,000. Institutional investors and hedge funds own 10.45% of the company’s stock.

Analysts Set New Price Targets

TS has been the topic of a number of research reports. Jefferies Financial Group upgraded Tenaris from a “hold” rating to a “buy” rating and upped their price target for the stock from $35.00 to $47.00 in a report on Monday, December 9th. Bank of America cut Tenaris from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 29th. StockNews.com cut Tenaris from a “buy” rating to a “hold” rating in a report on Saturday. Kepler Capital Markets cut Tenaris from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Finally, Piper Sandler increased their target price on Tenaris from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $46.00.

Tenaris Stock Performance

Shares of NYSE:TS opened at $39.36 on Monday. Tenaris S.A. has a one year low of $27.24 and a one year high of $40.73. The stock has a market cap of $22.88 billion, a PE ratio of 10.90 and a beta of 1.43. The business’s fifty day moving average price is $38.27 and its two-hundred day moving average price is $35.89.

Tenaris (NYSE:TS) last issued its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.31. Tenaris had a return on equity of 11.76% and a net margin of 16.26%. The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.71 billion. As a group, equities research analysts predict that Tenaris S.A. will post 3.14 earnings per share for the current fiscal year.

Tenaris Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Tuesday, May 20th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This is a positive change from Tenaris’s previous semi-annual dividend of $0.54. Tenaris’s dividend payout ratio is currently 31.02%.

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.