Shares of Timken Steel Corporation (NYSE:TMST) have been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $19.75.

Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Timken Steel Corporation from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Tuesday, July 18th. Cowen and Company lowered their target price on shares of Timken Steel Corporation from $28.00 to $23.00 and set an “outperform” rating for the company in a report on Tuesday, April 18th. Jefferies Group LLC lowered their target price on shares of Timken Steel Corporation from $18.00 to $16.50 and set a “hold” rating for the company in a report on Wednesday, April 19th. BidaskClub cut shares of Timken Steel Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, ValuEngine upgraded shares of Timken Steel Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, May 26th.

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Several hedge funds and other institutional investors have recently modified their holdings of TMST. Arizona State Retirement System boosted its stake in shares of Timken Steel Corporation by 0.5% in the second quarter. Arizona State Retirement System now owns 20,400 shares of the basic materials company’s stock worth $314,000 after buying an additional 100 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Timken Steel Corporation by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the basic materials company’s stock worth $301,000 after buying an additional 300 shares in the last quarter. Nationwide Fund Advisors boosted its stake in shares of Timken Steel Corporation by 0.9% in the first quarter. Nationwide Fund Advisors now owns 33,447 shares of the basic materials company’s stock worth $632,000 after buying an additional 310 shares in the last quarter. Texas Permanent School Fund boosted its stake in shares of Timken Steel Corporation by 1.2% in the second quarter. Texas Permanent School Fund now owns 28,510 shares of the basic materials company’s stock worth $438,000 after buying an additional 335 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of Timken Steel Corporation by 3.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 9,230 shares of the basic materials company’s stock worth $142,000 after buying an additional 340 shares in the last quarter. Institutional investors and hedge funds own 74.71% of the company’s stock.

Timken Steel Corporation (NYSE:TMST) traded down 2.50% during mid-day trading on Friday, reaching $15.59. 457,914 shares of the company were exchanged. Timken Steel Corporation has a 1-year low of $8.36 and a 1-year high of $23.00. The company has a 50 day moving average of $15.48 and a 200-day moving average of $16.26. The company’s market capitalization is $692.57 million.

Timken Steel Corporation Company Profile

TimkenSteel Corporation manufactures alloy steel, as well as carbon and micro-alloy steel. The Company’s portfolio includes special bar quality (SBQ) bars, seamless mechanical tubing and precision steel components. In addition, the Company supplies machining and thermal treatment services, as well as manage raw material recycling programs, which are used as a feeder system for its melt operations.

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