TimkenSteel Corp. (TMST) Shares Bought by Brown Advisory Inc.
Brown Advisory Inc. increased its stake in shares of TimkenSteel Corp. (NYSE:TMST) by 42.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 288,175 shares of the company’s stock after buying an additional 85,924 shares during the period. Brown Advisory Inc. owned approximately 0.65% of TimkenSteel Corp. worth $2,772,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in TimkenSteel Corp. by 50.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,386,612 shares of the company’s stock valued at $13,338,000 after buying an additional 464,642 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in shares of TimkenSteel Corp. by 35.7% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 1,677,902 shares of the company’s stock worth $16,141,000 after buying an additional 441,454 shares during the last quarter. Thomson Horstmann & Bryant Inc. acquired a new stake in shares of TimkenSteel Corp. during the second quarter worth approximately $4,148,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of TimkenSteel Corp. during the first quarter worth approximately $3,265,000. Finally, American Century Companies Inc. acquired a new stake in shares of TimkenSteel Corp. during the second quarter worth approximately $2,415,000. Institutional investors own 60.50% of the company’s stock.
TimkenSteel Corp. (NYSE:TMST) traded up 2.695% on Thursday, reaching $9.335. 69,004 shares of the company traded hands. The company has a 50-day moving average price of $9.47 and a 200-day moving average price of $10.00. TimkenSteel Corp. has a 12 month low of $3.69 and a 12 month high of $15.25. The company’s market capitalization is $412.80 million.
TimkenSteel Corp. (NYSE:TMST) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.24) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.02. The company earned $223.10 million during the quarter, compared to analyst estimates of $234.22 million. TimkenSteel Corp. had a negative net margin of 9.13% and a negative return on equity of 11.76%. The firm’s revenue for the quarter was down 19.8% compared to the same quarter last year. During the same period last year, the business earned ($0.54) EPS. Equities research analysts expect that TimkenSteel Corp. will post ($1.23) EPS for the current year.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of TimkenSteel Corp. from a “sell” rating to a “hold” rating in a report on Friday, September 16th. Jefferies Group reissued a “hold” rating and set a $9.75 price target (down from $11.00) on shares of TimkenSteel Corp. in a report on Thursday, September 15th. Finally, Cowen and Company raised shares of TimkenSteel Corp. from a “market perform” rating to an “outperform” rating and set a $15.00 price target for the company in a report on Thursday, August 11th.
About TimkenSteel Corp.
TimkenSteel Corporation manufactures alloy steel, as well as carbon and micro-alloy steel, with an annual melt capacity of approximately two million tons. The Company’s portfolio includes special bar quality (SBQ) bars, seamless mechanical tubing and precision steel components. It operates in two segments: Industrial & Mobile and Energy & Distribution.
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