South Dakota Investment Council continued to hold its position in Timken Steel Corporation (NYSE:TMST) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,599 shares of the basic materials company’s stock at the end of the second quarter. South Dakota Investment Council owned about 0.12% of Timken Steel Corporation worth $793,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its holdings in Timken Steel Corporation by 79.6% during the second quarter. State of Alaska Department of Revenue now owns 7,706 shares of the basic materials company’s stock worth $118,000 after acquiring an additional 3,416 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in Timken Steel Corporation by 3.8% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,230 shares of the basic materials company’s stock worth $142,000 after purchasing an additional 340 shares in the last quarter. Mason Street Advisors LLC increased its stake in Timken Steel Corporation by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 9,100 shares of the basic materials company’s stock worth $172,000 after purchasing an additional 596 shares in the last quarter. Invictus RG purchased a new position in Timken Steel Corporation in the 1st quarter worth about $176,000. Finally, BNP Paribas Arbitrage SA increased its stake in Timken Steel Corporation by 52.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 12,654 shares of the basic materials company’s stock worth $194,000 after purchasing an additional 4,327 shares in the last quarter. 75.61% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on TMST shares. Zacks Investment Research raised Timken Steel Corporation from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Tuesday, July 18th. Cowen and Company reissued an “outperform” rating and issued a $23.00 price target on shares of Timken Steel Corporation in a research note on Monday, June 26th. BidaskClub cut Timken Steel Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. ValuEngine raised Timken Steel Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, May 26th. Finally, TheStreet cut Timken Steel Corporation from a “c-” rating to a “d+” rating in a research note on Tuesday, June 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $18.83.

Timken Steel Corporation (TMST) opened at 13.75 on Friday. Timken Steel Corporation has a 52 week low of $8.36 and a 52 week high of $23.00. The stock’s market cap is $610.83 million. The company has a 50-day moving average price of $15.07 and a 200-day moving average price of $15.80.

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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.

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

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