Timken Steel Corporation (NYSE:TMST)‘s stock had its “hold” rating restated by stock analysts at Jefferies Group LLC in a research note issued on Thursday. They presently have a $19.00 price target on the basic materials company’s stock. Jefferies Group LLC’s target price indicates a potential upside of 8.14% from the stock’s previous close.

Other analysts have also recently issued reports about the company. BidaskClub cut Timken Steel Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Cowen and Company reaffirmed a “buy” rating on shares of Timken Steel Corporation in a report on Friday, September 1st. ValuEngine raised Timken Steel Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, Zacks Investment Research cut 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 given a buy rating to the stock. Timken Steel Corporation has an average rating of “Hold” and an average target price of $19.00.

Shares of Timken Steel Corporation (NYSE TMST) traded up 1.09% during midday trading on Thursday, reaching $17.57. 370,678 shares of the company were exchanged. The stock’s market capitalization is $780.53 million. The company has a 50 day moving average price of $15.97 and a 200-day moving average price of $15.27. Timken Steel Corporation has a 12-month low of $9.39 and a 12-month high of $23.00.

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A number of large investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System raised its holdings in Timken Steel Corporation by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 20,400 shares of the basic materials company’s stock valued at $314,000 after buying an additional 100 shares during the period. Nationwide Fund Advisors raised its holdings in Timken Steel Corporation by 0.9% during the 1st quarter. Nationwide Fund Advisors now owns 33,447 shares of the basic materials company’s stock valued at $632,000 after buying an additional 310 shares during the period. Texas Permanent School Fund raised its holdings in Timken Steel Corporation by 1.2% during the 2nd quarter. Texas Permanent School Fund now owns 28,510 shares of the basic materials company’s stock valued at $438,000 after buying an additional 335 shares during the period. Municipal Employees Retirement System of Michigan raised its holdings in Timken Steel Corporation by 3.8% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,230 shares of the basic materials company’s stock valued at $142,000 after buying an additional 340 shares during the period. Finally, Teachers Advisors LLC raised its holdings in Timken Steel Corporation by 0.7% during the 2nd quarter. Teachers Advisors LLC now owns 71,166 shares of the basic materials company’s stock valued at $1,094,000 after buying an additional 461 shares during the period. Institutional investors own 75.60% of the company’s stock.

About Timken Steel Corporation

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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