BidaskClub upgraded shares of Timken Steel Corporation (NYSE:TMST) from a sell rating to a hold rating in a research report report published on Tuesday morning.

Other analysts have also issued research reports about the company. Cowen and Company restated a buy rating on shares of Timken Steel Corporation in a report on Friday, September 1st. TheStreet lowered Timken Steel Corporation from a c- rating to a d+ rating in a report on Tuesday, June 6th. ValuEngine upgraded Timken Steel Corporation from a sell rating to a hold rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research lowered Timken Steel Corporation from a buy rating to a hold rating in a report on Saturday, July 22nd. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $18.38.

Timken Steel Corporation (NYSE TMST) opened at 17.23 on Tuesday. The company’s market cap is $765.43 million. The stock has a 50 day moving average of $15.16 and a 200 day moving average of $15.35. Timken Steel Corporation has a one year low of $9.39 and a one year high of $23.00.

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A number of large investors have recently added to or reduced their stakes in the stock. Phocas Financial Corp. raised its holdings in Timken Steel Corporation by 4.7% during the 2nd quarter. Phocas Financial Corp. now owns 369,148 shares of the basic materials company’s stock valued at $5,674,000 after buying an additional 16,458 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in Timken Steel Corporation by 32.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 28,214 shares of the basic materials company’s stock valued at $434,000 after acquiring an additional 6,909 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Timken Steel Corporation by 3.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,650 shares of the basic materials company’s stock valued at $487,000 after acquiring an additional 924 shares during the last quarter. State Street Corp grew its position in Timken Steel Corporation by 22.0% in the 2nd quarter. State Street Corp now owns 1,933,464 shares of the basic materials company’s stock valued at $29,719,000 after acquiring an additional 348,031 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Timken Steel Corporation by 2.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 72,632 shares of the basic materials company’s stock valued at $1,116,000 after acquiring an additional 1,886 shares during the last quarter. Institutional investors own 75.61% of the company’s stock.

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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