Tenaris S.A. (NYSE:TS – Get Rating)'s share price hit a new 52-week high on Tuesday . The stock traded as high as $36.21 and last traded at $36.21, with a volume of 10915 shares. The stock had previously closed at $35.13.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Grupo Santander cut shares of Tenaris from an "outperform" rating to a "neutral" rating in a research note on Monday, November 28th. Stifel Nicolaus raised shares of Tenaris from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $30.00 to $38.00 in a research note on Thursday, October 13th. JPMorgan Chase & Co. boosted their price objective on shares of Tenaris from $45.00 to $50.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 15th. StockNews.com lowered shares of Tenaris from a "strong-buy" rating to a "buy" rating in a report on Tuesday, December 27th. Finally, Piper Sandler boosted their target price on shares of Tenaris from $33.00 to $45.00 and gave the company an "overweight" rating in a report on Friday, November 18th. Two analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Tenaris has a consensus rating of "Moderate Buy" and an average price target of $34.08.

Tenaris Price Performance

The firm's fifty day moving average price is $33.90 and its two-hundred day moving average price is $29.74. The stock has a market cap of $21.14 billion, a price-to-earnings ratio of 9.97, a price-to-earnings-growth ratio of 0.25 and a beta of 1.47.

Tenaris Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, November 23rd. Investors of record on Tuesday, November 22nd were issued a $0.34 dividend. The ex-dividend date of this dividend was Monday, November 21st. This is a positive change from Tenaris's previous dividend of $0.26. Tenaris's dividend payout ratio is currently 18.94%.

Institutional Investors Weigh In On Tenaris

Institutional investors and hedge funds have recently made changes to their positions in the business. Financial Management Professionals Inc. acquired a new stake in shares of Tenaris in the 4th quarter worth about $28,000. Ronald Blue Trust Inc. bought a new stake in Tenaris in the 2nd quarter worth about $26,000. IFP Advisors Inc grew its position in Tenaris by 345.2% in the 3rd quarter. IFP Advisors Inc now owns 926 shares of the industrial products company's stock worth $45,000 after purchasing an additional 718 shares in the last quarter. CWM LLC grew its position in Tenaris by 113.4% in the 2nd quarter. CWM LLC now owns 1,033 shares of the industrial products company's stock worth $27,000 after purchasing an additional 549 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in Tenaris by 155.8% in the 2nd quarter. Captrust Financial Advisors now owns 1,110 shares of the industrial products company's stock worth $29,000 after purchasing an additional 676 shares in the last quarter. Institutional investors and hedge funds own 12.15% of the company's stock.

Tenaris Company Profile

(Get Rating)

Tenaris SA, together with its subsidiaries, produces and sells seamless and welded steel tubular products; and provides related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, cold-drawn pipes, and premium joints and couplings; coiled tubing products for oil and gas drilling and workovers, and subsea pipelines; and umbilical tubing products; and tubular accessories.

Recommended Stories

• Get a free copy of the StockNews.com research report on Tenaris (TS)
• Procter & Gamble Earnings: A Gamble Worth Taking
• Stocks Slide, Economic Report Paints Gloomy Picture For Economy
• What does Nu Holdings Stock Have To Do With Warren Buffett?
• J.B. Hunt Gets A Flat, Logistic Companies Come Into Focus
• Is Intel Stock On The Verge Of Breaking Out?

Receive News & Ratings for Tenaris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tenaris and related companies with MarketBeat.com's FREE daily email newsletter.