J2 Capital Management Inc Takes Position in Tenaris S.A. (NYSE:TS)

J2 Capital Management Inc purchased a new position in shares of Tenaris S.A. (NYSE:TS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 13,569 shares of the industrial products company’s stock, valued at approximately $513,000.

Several other large investors also recently bought and sold shares of TS. GAMMA Investing LLC lifted its holdings in shares of Tenaris by 140.2% in the 4th quarter. GAMMA Investing LLC now owns 939 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 548 shares during the last quarter. Versant Capital Management Inc acquired a new position in Tenaris during the fourth quarter worth approximately $28,000. Wilmington Savings Fund Society FSB purchased a new stake in Tenaris in the third quarter valued at approximately $67,000. World Investment Advisors LLC acquired a new stake in shares of Tenaris in the third quarter valued at approximately $2,200,000. Finally, Barclays PLC grew its position in shares of Tenaris by 30,000.0% during the third quarter. Barclays PLC now owns 6,020 shares of the industrial products company’s stock worth $192,000 after acquiring an additional 6,000 shares during the last quarter. Institutional investors and hedge funds own 10.45% of the company’s stock.

Wall Street Analysts Forecast Growth

TS has been the subject of several research reports. Piper Sandler started coverage on shares of Tenaris in a research report on Thursday, December 19th. They issued an “overweight” rating and a $48.00 price target for the company. StockNews.com upgraded Tenaris from a “hold” rating to a “buy” rating in a research note on Friday. Stifel Nicolaus cut their price target on Tenaris from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Kepler Capital Markets lowered shares of Tenaris from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Jefferies Financial Group upgraded shares of Tenaris from a “hold” rating to a “buy” rating and upped their price objective for the stock from $35.00 to $47.00 in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Tenaris has an average rating of “Moderate Buy” and a consensus price target of $42.75.

Tenaris Stock Performance

Tenaris stock opened at $38.62 on Friday. Tenaris S.A. has a one year low of $27.24 and a one year high of $40.72. The company has a market cap of $22.45 billion, a P/E ratio of 8.41 and a beta of 1.45. The business has a fifty day moving average of $37.97 and a two-hundred day moving average of $33.18.

Tenaris Cuts Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Wednesday, November 20th. Shareholders of record on Tuesday, November 19th were issued a $0.54 dividend. The ex-dividend date was Tuesday, November 19th. This represents a yield of 3.6%. Tenaris’s dividend payout ratio (DPR) is presently 23.53%.

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.