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

TMST has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Timken Steel Corporation from a hold rating to a buy rating and set a $18.00 price objective on the stock in a research note on Tuesday, July 18th. Cowen and Company reiterated an outperform rating and set a $23.00 price objective on shares of Timken Steel Corporation in a research note on Monday, June 26th. ValuEngine upgraded shares of Timken Steel Corporation from a strong sell rating to a sell rating in a research note on Friday, May 26th. Finally, TheStreet downgraded shares of Timken Steel Corporation from a c- rating to a d+ rating in a research note on Tuesday, June 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $18.83.

Timken Steel Corporation (TMST) opened at 15.45 on Thursday. The stock’s 50 day moving average is $14.97 and its 200 day moving average is $15.57. Timken Steel Corporation has a 12-month low of $8.65 and a 12-month high of $23.00. The stock’s market capitalization is $686.35 million.

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A number of institutional investors and hedge funds have recently made changes to their positions in TMST. BlackRock Inc. boosted its stake in Timken Steel Corporation by 51,982.7% in the first quarter. BlackRock Inc. now owns 4,911,398 shares of the basic materials company’s stock valued at $92,873,000 after acquiring an additional 4,901,968 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Timken Steel Corporation by 30.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,016,049 shares of the basic materials company’s stock valued at $57,032,000 after acquiring an additional 699,127 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in Timken Steel Corporation by 100.1% in the second quarter. Gamco Investors INC. ET AL now owns 1,115,452 shares of the basic materials company’s stock valued at $17,144,000 after acquiring an additional 557,976 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Timken Steel Corporation by 115.2% in the first quarter. Bank of New York Mellon Corp now owns 1,039,610 shares of the basic materials company’s stock valued at $19,659,000 after acquiring an additional 556,559 shares in the last quarter. Finally, State Street Corp boosted its stake in Timken Steel Corporation by 22.0% in the second 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 in 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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