Tenaris S.A. (NYSE:TS) Stake Boosted by Advisor Group Holdings Inc.

Jun 11, 2023

Advisor Group Holdings Inc. increased its position in shares of Tenaris S.A. (NYSE:TS - Get Rating) by 53.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,987 shares of the industrial products company's stock after purchasing an additional 27,479 shares during the quarter. Advisor Group Holdings Inc.'s holdings in Tenaris were worth $2,777,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TS. Financial Management Professionals Inc. bought a new position in Tenaris during the fourth quarter worth $28,000. Captrust Financial Advisors lifted its stake in Tenaris by 155.8% during the second quarter. Captrust Financial Advisors now owns 1,110 shares of the industrial products company's stock worth $29,000 after purchasing an additional 676 shares during the last quarter. Belpointe Asset Management LLC bought a new position in Tenaris during the fourth quarter worth $38,000. IFP Advisors Inc lifted its stake in Tenaris by 345.2% during the third quarter. IFP Advisors Inc now owns 926 shares of the industrial products company's stock worth $45,000 after purchasing an additional 718 shares during the last quarter. Finally, Macquarie Group Ltd. bought a new position in Tenaris during the third quarter worth $45,000. 12.15% of the stock is currently owned by institutional investors.

Several equities research analysts have weighed in on TS shares. StockNews.com lowered Tenaris from a "strong-buy" rating to a "buy" rating in a research report on Friday. Piper Sandler dropped their target price on Tenaris from $49.00 to $44.00 in a research report on Monday, May 1st. Cowen increased their target price on Tenaris from $45.00 to $49.00 in a research report on Friday, February 17th. Finally, Morgan Stanley dropped their target price on Tenaris from $44.00 to $40.00 in a research report on Tuesday, April 18th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $44.50.

Shares of TS opened at $26.65 on Tuesday. The firm has a market capitalization of $15.73 billion, a price-to-earnings ratio of 4.94, a price-to-earnings-growth ratio of 2.11 and a beta of 1.45. Tenaris S.A. has a one year low of $22.24 and a one year high of $38.00. The stock's fifty day moving average is $27.66 and its 200-day moving average is $31.43.

The company also recently announced a semi-annual dividend, which was paid on Wednesday, May 24th. Investors of record on Tuesday, May 23rd were issued a dividend of $0.68 per share. This is a positive change from Tenaris's previous semi-annual dividend of $0.56. The ex-dividend date was Monday, May 22nd. Tenaris's payout ratio is presently 12.62%.

Tenaris SA manufactures and supplies steel pipe products. It operates through the Tubes and Other segments. The Tubes segment consists of the production and sale of both seamless and welded steel tubular products and related services mainly for the oil and gas industry, particularly oil country tubular goods used in drilling operations, and for other industrial applications with production processes that consist in the transformation of steel into tubular products.

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