UBS Group AG Cuts Position in Tenaris S.A. $TS

UBS Group AG decreased its position in Tenaris S.A. (NYSE:TS) by 17.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 222,732 shares of the industrial products company’s stock after selling 46,790 shares during the quarter. UBS Group AG’s holdings in Tenaris were worth $8,564,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in shares of Tenaris by 61.4% during the fourth quarter. Farther Finance Advisors LLC now owns 2,334 shares of the industrial products company’s stock worth $90,000 after acquiring an additional 888 shares during the period. BSW Wealth Partners increased its position in shares of Tenaris by 3.0% during the fourth quarter. BSW Wealth Partners now owns 7,924 shares of the industrial products company’s stock worth $305,000 after acquiring an additional 232 shares during the period. Assetmark Inc. increased its position in shares of Tenaris by 4.9% during the fourth quarter. Assetmark Inc. now owns 503,917 shares of the industrial products company’s stock worth $19,376,000 after acquiring an additional 23,702 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Tenaris by 8.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 656,439 shares of the industrial products company’s stock worth $25,240,000 after acquiring an additional 53,553 shares during the period. Finally, Aaron Wealth Advisors LLC purchased a new stake in shares of Tenaris during the fourth quarter worth $210,000. Hedge funds and other institutional investors own 10.45% of the company’s stock.

Analyst Upgrades and Downgrades

TS has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an “underweight” rating and set a $53.00 price objective on shares of Tenaris in a research report on Thursday. Stifel Nicolaus upped their price objective on Tenaris from $45.00 to $57.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Wall Street Zen lowered Tenaris from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Piper Sandler upped their price objective on Tenaris from $42.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 15th. Finally, Barclays upped their price objective on Tenaris to $82.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $59.45.

Tenaris Stock Performance

Shares of TS stock opened at $61.79 on Monday. The stock’s 50-day moving average is $58.73 and its two-hundred day moving average is $48.51. The firm has a market cap of $33.12 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 1.53 and a beta of 0.85. Tenaris S.A. has a 1 year low of $32.00 and a 1 year high of $64.33.

Tenaris (NYSE:TS) last issued its quarterly earnings data on Thursday, May 7th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.20. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $2.99 billion. Tenaris had a return on equity of 11.53% and a net margin of 16.17%.The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.94 earnings per share. As a group, research analysts predict that Tenaris S.A. will post 3.59 EPS for the current year.

Tenaris Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Tuesday, May 19th will be paid a dividend of $1.20 per share. The ex-dividend date is Tuesday, May 19th. This represents a dividend yield of 450.0%. Tenaris’s dividend payout ratio is 30.69%.

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.