West Family Investments Inc. Raises Stock Holdings in Tenaris S.A. (NYSE:TS)

West Family Investments Inc. lifted its holdings in shares of Tenaris S.A. (NYSE:TS) by 20.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,616 shares of the industrial products company’s stock after buying an additional 1,309 shares during the quarter. West Family Investments Inc.’s holdings in Tenaris were worth $288,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TS. Ashton Thomas Private Wealth LLC acquired a new position in shares of Tenaris during the 4th quarter worth about $868,000. Callan Family Office LLC acquired a new position in shares of Tenaris during the fourth quarter valued at approximately $450,000. Proficio Capital Partners LLC purchased a new position in shares of Tenaris in the fourth quarter valued at approximately $968,000. Assetmark Inc. boosted its stake in shares of Tenaris by 0.8% in the fourth quarter. Assetmark Inc. now owns 443,185 shares of the industrial products company’s stock worth $16,748,000 after acquiring an additional 3,632 shares during the last quarter. Finally, Exencial Wealth Advisors LLC increased its position in shares of Tenaris by 0.5% during the fourth quarter. Exencial Wealth Advisors LLC now owns 50,404 shares of the industrial products company’s stock worth $1,905,000 after purchasing an additional 270 shares in the last quarter. Hedge funds and other institutional investors own 10.45% of the company’s stock.

Tenaris Price Performance

NYSE:TS opened at $37.23 on Friday. The company’s 50-day moving average is $38.24 and its two-hundred day moving average is $35.12. Tenaris S.A. has a 1-year low of $27.24 and a 1-year high of $40.72. The firm has a market capitalization of $21.64 billion, a price-to-earnings ratio of 10.31 and a beta of 1.44.

Tenaris (NYSE:TS) last released its quarterly earnings data 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. The firm had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Tenaris had a return on equity of 11.76% and a net margin of 16.26%. As a group, equities analysts anticipate that Tenaris S.A. will post 3.14 earnings per share for the current fiscal year.

Tenaris Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Wednesday, May 21st. Investors of record on Tuesday, May 20th will be given a dividend of $0.56 per share. This is an increase from Tenaris’s previous semi-annual dividend of $0.54. The ex-dividend date of this dividend is Tuesday, May 20th. Tenaris’s dividend payout ratio (DPR) is presently 31.02%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Bank of America lowered Tenaris from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 29th. Kepler Capital Markets downgraded shares of Tenaris from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. StockNews.com cut shares of Tenaris from a “buy” rating to a “hold” rating in a research note on Thursday. Barclays raised their target price on shares of Tenaris from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. Finally, Jefferies Financial Group upgraded Tenaris from a “hold” rating to a “buy” rating and upped their price target for the company from $35.00 to $47.00 in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $46.00.

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.