Tenaris (NYSE:TS) Hits New 52-Week High – Time to Buy?

Tenaris S.A. (NYSE:TS)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $55.73 and last traded at $55.7590, with a volume of 441750 shares changing hands. The stock had previously closed at $53.84.

Analyst Ratings Changes

TS has been the topic of several research reports. Morgan Stanley upped their price objective on shares of Tenaris from $38.00 to $40.00 and gave the company an “underweight” rating in a report on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tenaris in a report on Monday, December 29th. Oddo Bhf upgraded shares of Tenaris to an “outperform” rating in a research note on Thursday, February 5th. Wall Street Zen cut shares of Tenaris from a “buy” rating to a “hold” rating in a report on Sunday. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $49.70 price objective on shares of Tenaris in a report on Monday, February 23rd. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.45.

Tenaris Stock Performance

The stock’s fifty day simple moving average is $47.80 and its 200-day simple moving average is $41.33. The stock has a market cap of $32.44 billion, a P/E ratio of 15.29, a P/E/G ratio of 1.88 and a beta of 0.87.

Tenaris (NYSE:TS) last announced its earnings results on Thursday, February 19th. The industrial products company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.76 by $0.11. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.95 billion. Tenaris had a net margin of 16.13% and a return on equity of 11.32%. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the firm earned $0.94 earnings per share. As a group, equities research analysts forecast that Tenaris S.A. will post 3.14 earnings per share for the current year.

Tenaris Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Tuesday, May 19th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a yield of 450.0%. Tenaris’s payout ratio is currently 65.75%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC bought a new stake in Tenaris during the third quarter worth about $47,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Tenaris in the 4th quarter valued at approximately $48,000. Raymond James Financial Inc. bought a new stake in shares of Tenaris during the 2nd quarter worth approximately $49,000. Farther Finance Advisors LLC lifted its holdings in shares of Tenaris by 100.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,446 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 725 shares during the period. Finally, CWM LLC boosted its position in shares of Tenaris by 57.7% during the 3rd quarter. CWM LLC now owns 1,560 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 571 shares in the last quarter. Institutional investors own 10.45% of the company’s stock.

About Tenaris

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.