Shares of Timken Steel Corporation (NYSE:TMST) have been given an average recommendation of “Hold” by the seven brokerages that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $16.50.

A number of research firms have issued reports on TMST. ValuEngine raised Timken Steel Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. BidaskClub raised Timken Steel Corporation from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 21st. Zacks Investment Research downgraded Timken Steel Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Cowen and Company set a $23.00 price objective on Timken Steel Corporation and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, TheStreet downgraded Timken Steel Corporation from a “c-” rating to a “d+” rating in a research note on Tuesday, June 6th.

Large investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue increased its stake in Timken Steel Corporation by 79.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 7,706 shares of the basic materials company’s stock worth $118,000 after acquiring an additional 3,416 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in Timken Steel Corporation by 3.8% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,230 shares of the basic materials company’s stock worth $142,000 after acquiring an additional 340 shares during the last quarter. Mason Street Advisors LLC increased its stake in Timken Steel Corporation by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 9,100 shares of the basic materials company’s stock worth $172,000 after acquiring an additional 596 shares during the last quarter. Invictus RG bought a new stake in Timken Steel Corporation in the 1st quarter worth approximately $176,000. Finally, BNP Paribas Arbitrage SA increased its stake in Timken Steel Corporation by 52.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 12,654 shares of the basic materials company’s stock worth $194,000 after acquiring an additional 4,327 shares during the last quarter. 75.61% of the stock is currently owned by institutional investors and hedge funds.

Timken Steel Corporation (NYSE:TMST) traded up 3.38% on Friday, hitting $16.50. 507,822 shares of the company traded hands. Timken Steel Corporation has a 1-year low of $9.30 and a 1-year high of $23.00. The firm’s market capitalization is $733.00 million. The firm’s 50 day moving average price is $14.97 and its 200 day moving average price is $15.57.

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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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