Beck Bode LLC Acquires New Shares in Tenaris S.A. $TS

Beck Bode LLC acquired a new stake in shares of Tenaris S.A. (NYSE:TS) in the fourth quarter, HoldingsChannel reports. The fund acquired 19,299 shares of the industrial products company’s stock, valued at approximately $742,000.

A number of other institutional investors have also recently bought and sold shares of the company. BSW Wealth Partners boosted its position in Tenaris by 3.0% during the fourth quarter. BSW Wealth Partners now owns 7,924 shares of the industrial products company’s stock valued at $305,000 after purchasing an additional 232 shares during the last quarter. Rhumbline Advisers boosted its position in Tenaris by 4.2% during the second quarter. Rhumbline Advisers now owns 8,387 shares of the industrial products company’s stock valued at $314,000 after purchasing an additional 338 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Tenaris by 2.1% during the third quarter. JPMorgan Chase & Co. now owns 17,229 shares of the industrial products company’s stock valued at $616,000 after purchasing an additional 352 shares during the last quarter. MGO One Seven LLC boosted its position in Tenaris by 6.6% during the fourth quarter. MGO One Seven LLC now owns 6,003 shares of the industrial products company’s stock valued at $231,000 after purchasing an additional 374 shares during the last quarter. Finally, TD Waterhouse Canada Inc. boosted its position in Tenaris by 3.5% during the third quarter. TD Waterhouse Canada Inc. now owns 12,746 shares of the industrial products company’s stock valued at $471,000 after purchasing an additional 434 shares during the last quarter. Institutional investors and hedge funds own 10.45% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on TS. Morgan Stanley reissued an “underweight” rating and set a $53.00 price objective on shares of Tenaris in a research report on Thursday, May 14th. Wall Street Zen cut Tenaris from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Barclays lifted their price objective on Tenaris to $82.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. The Goldman Sachs Group reissued a “neutral” rating and set a $49.70 price objective on shares of Tenaris in a research report on Monday, February 23rd. Finally, Weiss Ratings raised Tenaris from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $60.12.

Tenaris Stock Down 0.2%

TS opened at $61.64 on Friday. The firm has a market capitalization of $33.04 billion, a P/E ratio of 16.31, a price-to-earnings-growth ratio of 1.49 and a beta of 0.85. The stock’s 50 day moving average price is $59.53 and its two-hundred day moving average price is $49.24. Tenaris S.A. has a 12-month low of $32.14 and a 12-month high of $64.33.

Tenaris (NYSE:TS) last released its earnings results on Thursday, May 7th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.20. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $2.99 billion. Tenaris had a return on equity of 11.53% and a net margin of 16.17%.The company’s revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 EPS. As a group, analysts anticipate that Tenaris S.A. will post 3.67 earnings per share for the current year.

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.