Beck Bode LLC Has $1.22 Million Stock Holdings in Tenaris S.A. (NYSE:TS)

Beck Bode LLC boosted its holdings in shares of Tenaris S.A. (NYSE:TS) by 2.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 35,112 shares of the industrial products company’s stock after acquiring an additional 782 shares during the period. Beck Bode LLC’s holdings in Tenaris were worth $1,220,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of TS. Raymond James & Associates grew its holdings in shares of Tenaris by 1.2% in the 3rd quarter. Raymond James & Associates now owns 141,210 shares of the industrial products company’s stock valued at $4,462,000 after buying an additional 1,722 shares during the period. Advisor Partners II LLC grew its holdings in shares of Tenaris by 25.6% in the 3rd quarter. Advisor Partners II LLC now owns 10,662 shares of the industrial products company’s stock valued at $337,000 after buying an additional 2,171 shares during the period. Capital Insight Partners LLC grew its holdings in shares of Tenaris by 11.4% in the 3rd quarter. Capital Insight Partners LLC now owns 85,167 shares of the industrial products company’s stock valued at $2,691,000 after buying an additional 8,745 shares during the period. Capital Wealth Planning LLC grew its holdings in shares of Tenaris by 60.6% in the 3rd quarter. Capital Wealth Planning LLC now owns 31,968 shares of the industrial products company’s stock valued at $1,010,000 after buying an additional 12,062 shares during the period. Finally, Jump Financial LLC grew its holdings in shares of Tenaris by 0.6% in the 3rd quarter. Jump Financial LLC now owns 176,000 shares of the industrial products company’s stock valued at $5,562,000 after buying an additional 1,053 shares during the period. Institutional investors and hedge funds own 10.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TS. Bank of America began coverage on shares of Tenaris in a research note on Tuesday, January 16th. They issued a “neutral” rating for the company. Jefferies Financial Group lowered shares of Tenaris from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. Finally, Morgan Stanley lowered shares of Tenaris from an “overweight” rating to an “underweight” rating and set a $40.00 target price for the company. in a research note on Thursday, April 18th.

Tenaris Stock Performance

NYSE:TS traded up $0.22 during mid-day trading on Wednesday, hitting $33.21. The stock had a trading volume of 192,851 shares, compared to its average volume of 2,059,683. The company’s 50 day simple moving average is $37.82 and its 200 day simple moving average is $34.89. The stock has a market cap of $19.60 billion, a price-to-earnings ratio of 5.50, a PEG ratio of 2.12 and a beta of 1.47. Tenaris S.A. has a twelve month low of $24.69 and a twelve month high of $40.72.

Tenaris (NYSE:TS) last issued its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.89. The firm had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.08 billion. Tenaris had a net margin of 24.89% and a return on equity of 21.50%. As a group, equities analysts forecast that Tenaris S.A. will post 4.06 earnings per share for the current year.

Tenaris Increases Dividend

The firm also recently announced a Semi-Annual dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Tuesday, May 21st will be issued a dividend of $0.80 per share. The ex-dividend date is Monday, May 20th. This is a boost from Tenaris’s previous Semi-Annual dividend of $0.68. Tenaris’s dividend payout ratio (DPR) is currently 13.33%.

Tenaris Company 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.