5 High Growth International Stocks to Buy

2. Tenaris S.A. (NYSE:TS)

Number of Hedge Fund Holders: 16

Quarterly Revenue Growth YoY as of September 29, 2022: 76.00%

Tenaris S.A. (NYSE:TS) was incorporated in 2001 and is based in Luxembourg. The company produces and commercializes seamless and welded steel tubular products, providing related services for the energy industry and other industrial applications. On February 15, Tenaris S.A. (NYSE:TS) reported a Q4 GAAP EPS of $0.68, missing Street forecasts by $0.70. The revenue of $3.62 billion climbed 76% on a year-over-year basis, beating Wall Street consensus by $70 million. 

On February 17, Cowen analyst Marc Bianchi raised the firm’s price target on Tenaris S.A. (NYSE:TS) to $49 from $45 and maintained an Outperform rating on the shares. The analyst noted that the company is looking at peakish margins, but its valuation is attractive on a mid-cycle basis.

According to Insider Monkey’s Q4 data, 16 hedge funds were bullish on Tenaris S.A. (NYSE:TS), compared to 17 funds in the prior quarter. Paul Marshall and Ian Wace’s Marshall Wace LLP is the biggest position holder in the company, with 883,433 shares worth $31 million. 

Here is what Artisan Partners has to say about Tenaris S.A. (NYSE:TS) in its Q2 2021 investor letter:

“The holdings that dampened returns in Q2 (includes) Tenaris. The share price was down less than 4% in local currency, and there was no significant fundamental reason to point to. Year to date, the share price of the company is up significantly.”