Tenaris (NYSE:TS) Hits New 1-Year High – Should You Buy?

Tenaris S.A. (NYSE:TS)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $45.79 and last traded at $44.50, with a volume of 379657 shares trading hands. The stock had previously closed at $44.40.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. TD Cowen restated a “buy” rating on shares of Tenaris in a research note on Wednesday, January 7th. Wall Street Zen upgraded shares of Tenaris from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. BNP Paribas Exane lowered shares of Tenaris from an “outperform” rating to a “hold” rating in a research report on Friday, October 10th. Piper Sandler reiterated a “neutral” rating on shares of Tenaris in a research report on Thursday, December 18th. Finally, The Goldman Sachs Group began coverage on Tenaris in a report on Monday, December 15th. They issued a “neutral” rating and a $43.60 target price for the company. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $42.72.

Tenaris Price Performance

The stock has a market capitalization of $26.05 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 11.87 and a beta of 0.96. The firm has a 50 day moving average of $40.50 and a 200-day moving average of $38.02.

Tenaris (NYSE:TS) last released its quarterly earnings data on Thursday, October 30th. The industrial products company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.10. Tenaris had a return on equity of 11.72% and a net margin of 16.91%.The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same period in the prior year, the company posted $0.81 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. As a group, equities analysts expect that Tenaris S.A. will post 3.14 earnings per share for the current year.

Hedge Funds Weigh In On Tenaris

Institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC lifted its stake in Tenaris by 14.3% in the 1st quarter. AQR Capital Management LLC now owns 23,662 shares of the industrial products company’s stock valued at $925,000 after acquiring an additional 2,969 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Tenaris during the first quarter worth approximately $203,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Tenaris during the first quarter valued at approximately $5,458,000. GAMMA Investing LLC boosted its stake in shares of Tenaris by 52.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,636 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 563 shares in the last quarter. Finally, Naples Global Advisors LLC increased its holdings in Tenaris by 10.5% in the 2nd quarter. Naples Global Advisors LLC now owns 13,685 shares of the industrial products company’s stock worth $512,000 after purchasing an additional 1,300 shares in the last quarter. 10.45% of the stock is currently owned by institutional investors and hedge funds.

Tenaris Company Profile

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.