Shares of Timken Steel Corporation (NYSE:TMST) have earned a consensus rating of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $15.67.

A number of research firms have commented on TMST. ValuEngine downgraded shares of Timken Steel from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. BidaskClub raised shares of Timken Steel from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Cowen reissued a “buy” rating on shares of Timken Steel in a report on Friday, September 1st. Jefferies Group reissued a “hold” rating and set a $18.00 price target on shares of Timken Steel in a report on Sunday, October 29th. Finally, KeyCorp downgraded shares of Timken Steel from a “sector weight” rating to an “underweight” rating and set a $12.00 price target for the company. in a report on Wednesday, December 6th.

In other news, insider Tina M. Beskid sold 2,548 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $13.68, for a total transaction of $34,856.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.10% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of TMST. Gamco Investors INC. ET AL raised its stake in shares of Timken Steel by 100.1% during 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 purchasing an additional 557,976 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Timken Steel by 14.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,444,679 shares of the basic materials company’s stock valued at $52,945,000 after purchasing an additional 428,630 shares in the last quarter. State Street Corp raised its stake in shares of Timken Steel by 22.0% during 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 purchasing an additional 348,031 shares in the last quarter. Royce & Associates LP raised its stake in shares of Timken Steel by 42.2% during the second quarter. Royce & Associates LP now owns 1,097,301 shares of the basic materials company’s stock valued at $16,866,000 after purchasing an additional 325,555 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its stake in shares of Timken Steel by 548.3% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 287,861 shares of the basic materials company’s stock valued at $4,750,000 after purchasing an additional 243,457 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Timken Steel (TMST) traded up $0.04 during trading on Thursday, reaching $13.58. 257,500 shares of the company’s stock were exchanged, compared to its average volume of 505,340. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.21 and a quick ratio of 1.05. Timken Steel has a 1 year low of $12.48 and a 1 year high of $23.00.

Timken Steel (NYSE:TMST) last released its quarterly earnings data on Thursday, October 26th. The basic materials company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.05). The business had revenue of $339.10 million during the quarter, compared to analyst estimates of $351.50 million. Timken Steel had a negative return on equity of 12.92% and a negative net margin of 6.39%. The business’s revenue for the quarter was up 58.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.38) EPS. analysts anticipate that Timken Steel will post -0.56 earnings per share for the current fiscal year.

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About Timken Steel

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.

Analyst Recommendations for Timken Steel (NYSE:TMST)

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