Timkensteel Corp (NYSE:TMST) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Wednesday.

TMST has been the topic of a number of other research reports. Cowen and Company set a $23.00 price objective on Timkensteel Corp and gave the stock a “buy” rating in a research report on Thursday, July 27th. ValuEngine raised Timkensteel Corp from a “strong sell” rating to a “sell” rating in a research report on Friday, May 26th. TheStreet lowered Timkensteel Corp from a “c-” rating to a “d+” rating in a research report on Tuesday, June 6th. Finally, Zacks Investment Research raised Timkensteel Corp from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $18.83.

Shares of Timkensteel Corp (NYSE TMST) opened at 13.75 on Wednesday. The company’s market cap is $610.83 million. The firm’s 50-day moving average price is $15.07 and its 200 day moving average price is $15.80. Timkensteel Corp has a 12 month low of $8.36 and a 12 month high of $23.00.

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Several hedge funds have recently modified their holdings of TMST. Teachers Advisors LLC grew its stake in shares of Timkensteel Corp by 5.5% during the fourth quarter. Teachers Advisors LLC now owns 71,244 shares of the basic materials company’s stock worth $1,103,000 after purchasing an additional 3,728 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Timkensteel Corp by 1.9% during the first quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the basic materials company’s stock worth $301,000 after purchasing an additional 300 shares in the last quarter. Nationwide Fund Advisors grew its stake in shares of Timkensteel Corp by 0.9% during the first quarter. Nationwide Fund Advisors now owns 33,447 shares of the basic materials company’s stock worth $632,000 after purchasing an additional 310 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Timkensteel Corp by 3.5% during the first quarter. Wells Fargo & Company MN now owns 35,943 shares of the basic materials company’s stock worth $679,000 after purchasing an additional 1,220 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in shares of Timkensteel Corp by 5.4% during the first quarter. Great West Life Assurance Co. Can now owns 53,364 shares of the basic materials company’s stock worth $1,009,000 after purchasing an additional 2,732 shares in the last quarter. Hedge funds and other institutional investors own 75.61% of the company’s stock.

About Timkensteel Corp

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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