Tenaris (NYSE:TS) Sets New 12-Month High – Should You Buy?

Tenaris S.A. (NYSE:TS)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $43.45 and last traded at $43.4860, with a volume of 22420 shares changing hands. The stock had previously closed at $42.35.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TS. Wall Street Zen upgraded shares of Tenaris from a “hold” rating to a “buy” rating in a research report on Saturday. Piper Sandler reissued a “neutral” rating on shares of Tenaris in a report on Thursday, December 18th. Morgan Stanley set a $38.00 price objective on Tenaris and gave the company an “underweight” rating in a research report on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tenaris in a research note on Monday, December 29th. Finally, BNP Paribas cut Tenaris from an “outperform” rating to a “hold” rating in a report on Friday, October 10th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $42.72.

Tenaris Stock Up 2.7%

The company has a market capitalization of $25.30 billion, a P/E ratio of 11.69 and a beta of 0.96. The business has a 50 day moving average of $40.05 and a 200 day moving average of $37.76.

Tenaris (NYSE:TS) last released its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.10. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.85 billion. Tenaris had a return on equity of 11.72% and a net margin of 16.91%.The company’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS. On average, research analysts anticipate that Tenaris S.A. will post 3.14 EPS for the current year.

Tenaris Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, November 26th. Shareholders of record on Tuesday, November 25th were paid a $0.58 dividend. This represents a dividend yield of 291.0%. The ex-dividend date of this dividend was Tuesday, November 25th. Tenaris’s dividend payout ratio (DPR) is presently 31.18%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TS. Osaic Holdings Inc. boosted its stake in shares of Tenaris by 1,994.8% during the second quarter. Osaic Holdings Inc. now owns 36,722 shares of the industrial products company’s stock valued at $1,434,000 after purchasing an additional 34,969 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Tenaris in the 2nd quarter valued at about $1,122,000. Jump Financial LLC bought a new position in Tenaris in the 2nd quarter worth about $9,380,000. New York State Common Retirement Fund bought a new position in Tenaris in the 2nd quarter worth about $1,539,000. Finally, Bayforest Capital Ltd bought a new stake in shares of Tenaris during the second quarter valued at approximately $605,000. Institutional investors own 10.45% of the company’s stock.

Tenaris Company 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.