Macquarie lowered shares of TimkenSteel Corp. (NYSE:TMST) from a neutral rating to an underperform rating in a research note released on Tuesday morning.

Several other equities research analysts also recently commented on TMST. Zacks Investment Research raised TimkenSteel Corp. from a sell rating to a hold rating in a report on Friday, September 9th. Cowen and Company increased their price objective on TimkenSteel Corp. from $15.00 to $17.00 and gave the company an outperform rating in a report on Thursday, November 17th. Finally, Jefferies Group reissued a hold rating and issued a $9.75 price objective (down previously from $11.00) on shares of TimkenSteel Corp. in a report on Thursday, September 15th.

Shares of TimkenSteel Corp. (NYSE:TMST) opened at 14.79 on Tuesday. TimkenSteel Corp. has a one year low of $3.69 and a one year high of $15.90. The firm has a 50-day moving average of $11.69 and a 200 day moving average of $10.34. The company’s market cap is $654.03 million.

TimkenSteel Corp. (NYSE:TMST) last released its quarterly earnings data on Thursday, October 27th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.36) by $0.02. The company earned $213.80 million during the quarter, compared to analyst estimates of $215.73 million. TimkenSteel Corp. had a negative net margin of 7.69% and a negative return on equity of 9.78%. The company’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.69) EPS. Equities research analysts anticipate that TimkenSteel Corp. will post ($1.23) EPS for the current year.

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A number of large investors have recently made changes to their positions in the stock. Beese Fulmer Investment Management Inc. increased its stake in shares of TimkenSteel Corp. by 0.3% in the third quarter. Beese Fulmer Investment Management Inc. now owns 17,834 shares of the company’s stock valued at $186,000 after buying an additional 52 shares in the last quarter. Quantitative Systematic Strategies LLC increased its stake in shares of TimkenSteel Corp. by 0.3% in the second quarter. Quantitative Systematic Strategies LLC now owns 17,985 shares of the company’s stock valued at $170,000 after buying an additional 54 shares in the last quarter. American International Group Inc. increased its stake in shares of TimkenSteel Corp. by 0.4% in the third quarter. American International Group Inc. now owns 29,243 shares of the company’s stock valued at $306,000 after buying an additional 129 shares in the last quarter. Arizona State Retirement System increased its stake in shares of TimkenSteel Corp. by 1.0% in the second quarter. Arizona State Retirement System now owns 19,700 shares of the company’s stock valued at $190,000 after buying an additional 200 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its stake in shares of TimkenSteel Corp. by 2.4% in the third quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the company’s stock valued at $180,000 after buying an additional 400 shares in the last quarter. 62.88% of the stock is owned by institutional investors and hedge funds.

TimkenSteel Corp. Company Profile

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.

5 Day Chart for NYSE:TMST

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