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

Shares of Tenaris S.A. (NYSE:TS) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $56.75 and last traded at $57.0620, with a volume of 241181 shares. The stock had previously closed at $55.82.

Wall Street Analyst Weigh In

Several research firms have recently commented on TS. Barclays restated an “overweight” rating and set a $56.00 price target on shares of Tenaris in a report on Monday, February 23rd. Morgan Stanley increased their price objective on Tenaris from $38.00 to $40.00 and gave the stock an “underweight” rating in a report on Monday, February 23rd. The Goldman Sachs Group restated a “neutral” rating and issued a $49.70 target price on shares of Tenaris in a research note on Monday, February 23rd. Piper Sandler reaffirmed a “neutral” rating on shares of Tenaris in a research note on Thursday, December 18th. Finally, Oddo Bhf upgraded Tenaris to an “outperform” rating in a report on Thursday, February 5th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $50.45.

Tenaris Stock Performance

The company has a market cap of $33.39 billion, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 1.96 and a beta of 0.87. The company’s 50 day moving average price is $49.06 and its 200 day moving average price is $41.89.

Tenaris (NYSE:TS) last released its quarterly earnings data on Thursday, February 19th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.11. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.95 billion. Tenaris had a net margin of 16.13% and a return on equity of 11.32%. Tenaris’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 EPS. On average, equities research analysts forecast that Tenaris S.A. will post 3.14 EPS for the current fiscal year.

Tenaris Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TS. Advisory Services Network LLC acquired a new position in shares of Tenaris during the third quarter valued at about $47,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Tenaris during the fourth quarter worth about $48,000. Raymond James Financial Inc. bought a new position in Tenaris during the second quarter valued at about $49,000. Farther Finance Advisors LLC increased its stake in Tenaris by 100.6% during the third quarter. Farther Finance Advisors LLC now owns 1,446 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 725 shares during the period. Finally, CWM LLC raised its holdings in Tenaris by 57.7% in the 3rd quarter. CWM LLC now owns 1,560 shares of the industrial products company’s stock valued at $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.