share_log

TimkenSteel (NYSE:TMST) Downgraded by StockNews.com

kopsource ·  Aug 11, 2022 05:11

StockNews.com cut shares of TimkenSteel (NYSE:TMST – Get Rating) from a buy rating to a hold rating in a research note published on Monday morning.

Separately, KeyCorp reduced their price target on shares of TimkenSteel from $27.00 to $24.00 and set an overweight rating for the company in a research report on Tuesday, July 19th.

Get TimkenSteel alerts:

TimkenSteel Stock Up 1.4 %

Shares of TMST stock opened at $17.11 on Monday. The company has a market cap of $797.77 million, a price-to-earnings ratio of 4.14 and a beta of 1.76. TimkenSteel has a 52 week low of $12.04 and a 52 week high of $26.23. The firm has a 50 day moving average of $19.23 and a 200-day moving average of $19.45.

Institutional Trading of TimkenSteel

Several hedge funds have recently bought and sold shares of the business. Mutual of America Capital Management LLC grew its position in TimkenSteel by 17.6% in the 2nd quarter. Mutual of America Capital Management LLC now owns 6,969 shares of the basic materials company's stock valued at $130,000 after purchasing an additional 1,043 shares during the period. Principal Financial Group Inc. lifted its stake in TimkenSteel by 6.9% during the 2nd quarter. Principal Financial Group Inc. now owns 290,332 shares of the basic materials company's stock valued at $5,432,000 after acquiring an additional 18,805 shares in the last quarter. Swiss National Bank bought a new position in TimkenSteel during the 2nd quarter valued at $1,738,000. Shell Asset Management Co. bought a new position in TimkenSteel during the 2nd quarter valued at $78,000. Finally, Texas Permanent School Fund lifted its stake in TimkenSteel by 2.9% during the 2nd quarter. Texas Permanent School Fund now owns 29,993 shares of the basic materials company's stock valued at $561,000 after acquiring an additional 837 shares in the last quarter. Institutional investors and hedge funds own 75.88% of the company's stock.

TimkenSteel Company Profile

(Get Rating)

TimkenSteel Corporation manufactures and sells alloy steel, and carbon and micro-alloy steel products in the United States and internationally. It offers carbon, micro-alloy, and alloy steel ingots, bars, tubes, and billets, as well as supplies machining and thermal treatment services. The company's products are used in gears; hubs; axles; crankshafts and connecting rods; oil country drill pipes; bits and collars; bearing races and rolling elements; bushings; fuel injectors; wind energy shafts; anti-friction bearings; and other applications.

Recommended Stories

  • Get a free copy of the StockNews.com research report on TimkenSteel (TMST)
  • Large And Small Oil-And-Gas Stocks See Post-Earnings Bounce
  • The 2 Dow Stocks with Decade-Long Win Streaks on the Line
  • Could Rite Aid Be an Acquisition Target, Again?
  • The How And Why of Investing in Oil Stocks
  • The How and Why of Investing in Gold Stocks

Receive News & Ratings for TimkenSteel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TimkenSteel and related companies with MarketBeat.com's FREE daily email newsletter.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment