Sanctuary Advisors LLC Takes Position in Tenaris S.A. $TS

Sanctuary Advisors LLC acquired a new stake in shares of Tenaris S.A. (NYSE:TS) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 17,631 shares of the industrial products company’s stock, valued at approximately $1,026,000.

Other institutional investors have also added to or reduced their stakes in the company. Illumine Investment Management LLC bought a new stake in shares of Tenaris during the first quarter valued at about $1,024,000. Larry Mathis Financial Planning LLC bought a new position in shares of Tenaris in the first quarter valued at approximately $208,000. Aaron Wealth Advisors LLC grew its stake in Tenaris by 22.1% during the first quarter. Aaron Wealth Advisors LLC now owns 6,653 shares of the industrial products company’s stock valued at $387,000 after acquiring an additional 1,203 shares in the last quarter. SG Americas Securities LLC purchased a new position in Tenaris during the first quarter valued at approximately $407,000. Finally, Evolve Private Wealth LLC bought a new stake in Tenaris during the 1st quarter worth approximately $286,000. Hedge funds and other institutional investors own 10.45% of the company’s stock.

Analysts Set New Price Targets

TS has been the topic of several recent analyst reports. Piper Sandler increased their target price on shares of Tenaris from $56.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Weiss Ratings downgraded Tenaris from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, July 10th. Morgan Stanley raised Tenaris from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $53.00 to $65.00 in a research note on Wednesday, July 15th. Barclays upped their target price on Tenaris to $82.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Finally, Wall Street Zen raised shares of Tenaris from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Tenaris currently has a consensus rating of “Moderate Buy” and an average target price of $62.12.

Tenaris Trading Up 0.5%

NYSE TS opened at $57.66 on Friday. Tenaris S.A. has a 1-year low of $33.65 and a 1-year high of $64.60. The stock has a 50-day moving average of $58.72 and a 200-day moving average of $55.08. The firm has a market cap of $30.91 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 1.40 and a beta of 0.84.

Tenaris (NYSE:TS) last announced its quarterly earnings data on Thursday, May 7th. The industrial products company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.20. The firm 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 revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.94 earnings per share. As a group, equities research analysts forecast that Tenaris S.A. will post 3.66 earnings per share for the current fiscal year.

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.