Dorsey Wright & Associates Purchases New Shares in Tenaris S.A. (NYSE:TS)

Dorsey Wright & Associates purchased a new stake in Tenaris S.A. (NYSE:TS - Get Rating) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 154,186 shares of the industrial products company's stock, valued at approximately $5,421,000. Tenaris makes up approximately 1.6% of Dorsey Wright & Associates' portfolio, making the stock its 9th largest holding.

A number of other hedge funds have also bought and sold shares of the business. Advisors Asset Management Inc. boosted its position in Tenaris by 1.4% in the third quarter. Advisors Asset Management Inc. now owns 37,342 shares of the industrial products company's stock valued at $965,000 after buying an additional 531 shares in the last quarter. Wetherby Asset Management Inc. lifted its stake in shares of Tenaris by 3.3% in the first quarter. Wetherby Asset Management Inc. now owns 17,634 shares of the industrial products company's stock worth $530,000 after acquiring an additional 557 shares during the period. Barclays PLC boosted its holdings in Tenaris by 15.7% in the fourth quarter. Barclays PLC now owns 4,431 shares of the industrial products company's stock valued at $156,000 after acquiring an additional 601 shares during the last quarter. Captrust Financial Advisors increased its position in Tenaris by 155.8% during the 2nd quarter. Captrust Financial Advisors now owns 1,110 shares of the industrial products company's stock valued at $29,000 after purchasing an additional 676 shares during the period. Finally, IFP Advisors Inc raised its holdings in Tenaris by 345.2% during the 3rd 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. 12.15% of the stock is owned by institutional investors.

NYSE TS traded down $0.16 during trading hours on Friday, reaching $27.62. 2,252,734 shares of the stock traded hands, compared to its average volume of 2,341,967. Tenaris S.A. has a 1 year low of $22.24 and a 1 year high of $38.00. The stock has a 50 day simple moving average of $27.60 and a two-hundred day simple moving average of $31.34. The company has a market cap of $16.30 billion, a price-to-earnings ratio of 5.12, a price-to-earnings-growth ratio of 2.19 and a beta of 1.45.

Tenaris (NYSE:TS - Get Rating) last posted its quarterly earnings results on Wednesday, April 26th. The industrial products company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.26. The business had revenue of $4.14 billion for the quarter, compared to analyst estimates of $3.94 billion. Tenaris had a return on equity of 22.97% and a net margin of 23.49%. On average, sell-side analysts forecast that Tenaris S.A. will post 6.17 EPS for the current fiscal year.

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

Several brokerages have issued reports on TS. StockNews.com lowered Tenaris from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 2nd. Morgan Stanley cut their price target on Tenaris from $44.00 to $40.00 in a report on Tuesday, April 18th. Cowen boosted their price objective on Tenaris from $45.00 to $49.00 in a report on Friday, February 17th. Finally, Piper Sandler cut their target price on Tenaris from $49.00 to $44.00 in a report on Monday, May 1st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Tenaris currently has a consensus rating of "Moderate Buy" and a consensus price target of $44.50.

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.

Want to see what other hedge funds are holding TS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tenaris S.A. (NYSE:TS - Get Rating).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Tenaris, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tenaris wasn't on the list.

While Tenaris currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Tenaris Want to see what other hedge funds are holding TS? (Ad) (Ad)