Dynasty Wealth Management LLC Takes $467,000 Position in Tenaris S.A. $TS

Dynasty Wealth Management LLC bought a new position in Tenaris S.A. (NYSE:TS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,068 shares of the industrial products company’s stock, valued at approximately $467,000.

Other large investors have also bought and sold shares of the company. MGO One Seven LLC raised its position in Tenaris by 5.4% in the 2nd quarter. MGO One Seven LLC now owns 5,940 shares of the industrial products company’s stock valued at $222,000 after purchasing an additional 302 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Tenaris by 4.2% in the second quarter. Rhumbline Advisers now owns 8,387 shares of the industrial products company’s stock valued at $314,000 after buying an additional 338 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Tenaris by 48.8% in the second quarter. Blue Trust Inc. now owns 1,088 shares of the industrial products company’s stock valued at $41,000 after buying an additional 357 shares during the last quarter. Profund Advisors LLC lifted its position in Tenaris by 3.6% during the 2nd quarter. Profund Advisors LLC now owns 12,687 shares of the industrial products company’s stock worth $474,000 after buying an additional 437 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its position in Tenaris by 5.6% during the 2nd quarter. Yousif Capital Management LLC now owns 9,548 shares of the industrial products company’s stock worth $357,000 after buying an additional 510 shares in the last quarter. 10.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Cowen reaffirmed a “buy” rating on shares of Tenaris in a research note on Wednesday, January 7th. Piper Sandler reissued a “neutral” rating on shares of Tenaris in a report on Thursday, December 18th. Stifel Nicolaus upped their price objective on Tenaris from $37.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tenaris in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded Tenaris from a “hold” rating to a “buy” rating in a research report on Saturday. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $42.32.

Tenaris Stock Performance

TS opened at $42.35 on Wednesday. The company has a fifty day moving average price of $40.05 and a two-hundred day moving average price of $37.76. The firm has a market capitalization of $24.62 billion, a PE ratio of 11.38 and a beta of 0.96. Tenaris S.A. has a 52 week low of $30.06 and a 52 week high of $42.69.

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

Tenaris Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, November 26th. Stockholders of record on Tuesday, November 25th were given a dividend of $0.58 per share. This represents a dividend yield of 291.0%. The ex-dividend date was Tuesday, November 25th. Tenaris’s payout ratio is presently 31.18%.

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.