Loring Wolcott & Coolidge Fiduciary Advisors LLP MA maintained its position in Timken Steel Corporation (NYSE:TMST) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 8,000 shares of the basic materials company’s stock at the end of the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Timken Steel Corporation were worth $127,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Eagle Asset Management Inc. purchased a new position in Timken Steel Corporation during the first quarter valued at approximately $4,672,000. Karp Capital Management Corp purchased a new position in Timken Steel Corporation during the first quarter valued at approximately $363,000. Acrospire Investment Management LLC raised its position in Timken Steel Corporation by 209.4% in the first quarter. Acrospire Investment Management LLC now owns 8,090 shares of the basic materials company’s stock valued at $153,000 after buying an additional 5,475 shares in the last quarter. Gamco Investors INC. ET AL raised its position in Timken Steel Corporation by 84.3% in the first quarter. Gamco Investors INC. ET AL now owns 557,476 shares of the basic materials company’s stock valued at $10,542,000 after buying an additional 254,966 shares in the last quarter. Finally, Teton Advisors Inc. raised its position in Timken Steel Corporation by 37.0% in the first quarter. Teton Advisors Inc. now owns 74,000 shares of the basic materials company’s stock valued at $1,399,000 after buying an additional 20,000 shares in the last quarter. Institutional investors and hedge funds own 75.61% of the company’s stock.

Shares of Timken Steel Corporation (NYSE:TMST) opened at 14.63 on Wednesday. Timken Steel Corporation has a 12-month low of $8.36 and a 12-month high of $23.00. The firm’s market cap is $649.92 million. The company has a 50-day moving average of $15.56 and a 200 day moving average of $16.14.

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Several equities analysts have recently commented 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 price target for the company in a research report on Tuesday, July 18th. BidaskClub upgraded shares of Timken Steel Corporation from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Cowen and Company set a $23.00 price objective on shares of Timken Steel Corporation and gave the stock a “buy” rating in a report on Thursday, July 27th. ValuEngine raised shares of Timken Steel Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, TheStreet downgraded shares of Timken Steel Corporation from a “c-” rating to a “d+” rating in a report 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 stock. Timken Steel Corporation currently has a consensus rating of “Hold” and an average price target of $18.83.

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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Institutional Ownership by Quarter for Timken Steel Corporation (NYSE:TMST)

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