Signaturefd LLC Has $705,000 Stake in Tenaris S.A. (NYSE:TS)

Signaturefd LLC lifted its position in shares of Tenaris S.A. (NYSE:TS) by 2.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 18,647 shares of the industrial products company’s stock after purchasing an additional 418 shares during the quarter. Signaturefd LLC’s holdings in Tenaris were worth $705,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in shares of Tenaris by 78.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the industrial products company’s stock worth $41,000 after buying an additional 478 shares during the period. West Family Investments Inc. boosted its position in shares of Tenaris by 20.8% during the fourth quarter. West Family Investments Inc. now owns 7,616 shares of the industrial products company’s stock worth $288,000 after buying an additional 1,309 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of Tenaris during the fourth quarter worth about $868,000. Callan Family Office LLC acquired a new position in shares of Tenaris during the fourth quarter worth about $450,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Tenaris during the fourth quarter worth about $968,000. 10.45% of the stock is owned by institutional investors and hedge funds.

Tenaris Price Performance

NYSE:TS opened at $40.10 on Thursday. The company has a market cap of $23.31 billion, a P/E ratio of 11.11 and a beta of 1.43. The firm’s fifty day moving average price is $38.24 and its two-hundred day moving average price is $35.70. Tenaris S.A. has a one year low of $27.24 and a one year high of $40.73.

Tenaris (NYSE:TS) last announced its quarterly earnings results on Wednesday, February 19th. The industrial products company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.31. Tenaris had a net margin of 16.26% and a return on equity of 11.76%. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.71 billion. As a group, equities research analysts expect that Tenaris S.A. will post 3.14 earnings per share for the current year.

Tenaris Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, May 21st. Investors of record on Tuesday, May 20th will be paid a $0.56 dividend. The ex-dividend date is Tuesday, May 20th. This is an increase from Tenaris’s previous semi-annual dividend of $0.54. Tenaris’s payout ratio is 31.02%.

Analyst Upgrades and Downgrades

TS has been the subject of several recent research reports. Piper Sandler upped their price objective on Tenaris from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Barclays upped their target price on Tenaris from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. StockNews.com upgraded Tenaris from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Stifel Nicolaus upped their target price on Tenaris from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, Kepler Capital Markets lowered Tenaris from a “buy” rating to a “hold” rating in a report on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $46.00.

About Tenaris

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.