Callan Family Office LLC Buys 9,926 Shares of Tenaris S.A. $TS

Callan Family Office LLC increased its stake in shares of Tenaris S.A. (NYSE:TS) by 119.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,232 shares of the industrial products company’s stock after purchasing an additional 9,926 shares during the quarter. Callan Family Office LLC’s holdings in Tenaris were worth $682,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Brooklyn Investment Group grew its stake in shares of Tenaris by 169.5% during the first quarter. Brooklyn Investment Group now owns 717 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 451 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Tenaris during the second quarter valued at approximately $28,000. Harbour Investments Inc. bought a new stake in shares of Tenaris during the first quarter valued at approximately $39,000. GAMMA Investing LLC grew its stake in shares of Tenaris by 52.5% during the second 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 during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Tenaris by 93.2% during the first quarter. Farther Finance Advisors LLC now owns 1,660 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 801 shares during the last quarter. 10.45% of the stock is owned by institutional investors.

Tenaris Stock Performance

TS opened at $34.22 on Tuesday. The firm’s fifty day moving average is $35.64 and its two-hundred day moving average is $35.32. The firm has a market cap of $19.89 billion, a PE ratio of 9.30, a price-to-earnings-growth ratio of 2.54 and a beta of 1.33. Tenaris S.A. has a twelve month low of $30.06 and a twelve month high of $40.87.

Tenaris (NYSE:TS) last posted its earnings results on Wednesday, July 30th. The industrial products company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.11. Tenaris had a net margin of 17.02% and a return on equity of 11.71%. The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3 billion. During the same period last year, the business posted $0.59 earnings per share. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. Equities analysts forecast that Tenaris S.A. will post 3.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TS shares. Wall Street Zen lowered shares of Tenaris from a “buy” rating to a “hold” rating in a report on Sunday, July 13th. BNP Paribas Exane restated a “neutral” rating on shares of Tenaris in a report on Friday. Sanford C. Bernstein started coverage on shares of Tenaris in a report on Monday, July 21st. They issued an “outperform” rating on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Tenaris in a report on Saturday, September 27th. Finally, BNP Paribas lowered shares of Tenaris from an “outperform” rating to a “hold” rating in a report on Friday. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Tenaris has an average rating of “Hold” and an average target price of $41.80.

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.