BidaskClub upgraded shares of Timken Steel Corporation (NYSE:TMST) from a strong sell rating to a sell rating in a research note issued to investors on Thursday.

Several other equities analysts have also weighed in on the stock. Cowen and Company reissued a buy rating on shares of Timken Steel Corporation in a research report on Friday, September 1st. Zacks Investment Research lowered shares of Timken Steel Corporation from a buy rating to a hold rating in a research report on Saturday, August 5th. ValuEngine raised shares of Timken Steel Corporation from a sell rating to a hold rating in a research report on Thursday, August 3rd. Finally, TheStreet lowered shares of Timken Steel Corporation from a c- rating to a d+ rating in a research report on Tuesday, June 6th. 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 company presently has an average rating of Hold and a consensus target price of $18.83.

Timken Steel Corporation (NYSE:TMST) traded up 0.52% on Thursday, reaching $15.46. 67,273 shares of the company were exchanged. The stock has a 50 day moving average of $14.97 and a 200 day moving average of $15.57. Timken Steel Corporation has a 12-month low of $8.65 and a 12-month high of $23.00. The firm’s market capitalization is $686.80 million.

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Several hedge funds have recently added to or reduced their stakes in TMST. Phocas Financial Corp. grew its stake in Timken Steel Corporation by 4.7% during the second quarter. Phocas Financial Corp. now owns 369,148 shares of the basic materials company’s stock worth $5,674,000 after buying an additional 16,458 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Timken Steel Corporation by 32.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 28,214 shares of the basic materials company’s stock worth $434,000 after buying an additional 6,909 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Timken Steel Corporation by 3.0% during the second quarter. The Manufacturers Life Insurance Company now owns 31,650 shares of the basic materials company’s stock worth $487,000 after buying an additional 924 shares in the last quarter. State Street Corp grew its stake in Timken Steel Corporation by 22.0% during the second quarter. State Street Corp now owns 1,933,464 shares of the basic materials company’s stock worth $29,719,000 after buying an additional 348,031 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Timken Steel Corporation by 2.7% during the second quarter. Goldman Sachs Group Inc. now owns 72,632 shares of the basic materials company’s stock worth $1,116,000 after buying an additional 1,886 shares in the last quarter. Institutional investors and hedge funds own 75.61% of the company’s stock.

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.

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