Yousif Capital Management LLC Has $357,000 Stock Position in Tenaris S.A. $TS

Yousif Capital Management LLC increased its holdings in shares of Tenaris S.A. (NYSE:TS) by 5.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,548 shares of the industrial products company’s stock after buying an additional 510 shares during the quarter. Yousif Capital Management LLC’s holdings in Tenaris were worth $357,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TS. Total Wealth Planning & Management Inc. acquired a new position in Tenaris during the first quarter worth about $202,000. Rossby Financial LCC acquired a new position in Tenaris during the 1st quarter worth approximately $209,000. Crossmark Global Holdings Inc. lifted its stake in Tenaris by 10.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 38,899 shares of the industrial products company’s stock valued at $1,521,000 after purchasing an additional 3,788 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Tenaris by 47.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 754,994 shares of the industrial products company’s stock valued at $29,528,000 after purchasing an additional 241,290 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Tenaris in the first quarter valued at approximately $833,000. Institutional investors own 10.45% of the company’s stock.

Analysts Set New Price Targets

TS has been the subject of a number of research reports. BNP Paribas Exane reiterated a “neutral” rating on shares of Tenaris in a research note on Friday, October 10th. BNP Paribas downgraded Tenaris from an “outperform” rating to a “hold” rating in a research report on Friday, October 10th. Wall Street Zen upgraded Tenaris from a “hold” rating to a “buy” rating in a report on Saturday, October 18th. Sanford C. Bernstein began coverage on Tenaris in a research note on Monday, July 21st. They issued an “outperform” rating for the company. Finally, Piper Sandler downgraded shares of Tenaris from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $48.00 to $41.00 in a research report on Wednesday, September 17th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $41.80.

Tenaris Price Performance

Shares of TS opened at $36.69 on Friday. The business has a 50-day moving average of $35.51 and a 200-day moving average of $35.25. The company has a market capitalization of $21.33 billion, a price-to-earnings ratio of 9.97 and a beta of 1.33. Tenaris S.A. has a 1 year low of $30.06 and a 1 year high of $40.87.

Tenaris (NYSE:TS) last announced its earnings results on Wednesday, July 30th. The industrial products company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.88 by $0.11. Tenaris had a return on equity of 11.71% and a net margin of 17.02%.The business had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same period in the prior year, the business posted $0.59 earnings per share. The firm’s revenue was down 7.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Tenaris S.A. will post 3.14 EPS for the current year.

Tenaris Profile

Tenaris SA, together with its subsidiaries, produces and sells seamless and welded steel tubular products and related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, line pipes, cold-drawn pipes, and premium joints and couplings; and coiled tubing products for oil and gas drilling and workovers, and subsea pipelines.