Royce & Associates LP boosted its position in Timken Steel Corporation (NYSE:TMST) by 42.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,097,301 shares of the basic materials company’s stock after buying an additional 325,555 shares during the period. Royce & Associates LP owned 2.47% of Timken Steel Corporation worth $16,866,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in TMST. State of Alaska Department of Revenue increased its stake in shares of Timken Steel Corporation by 79.6% in 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 buying an additional 3,416 shares in the last quarter. Acrospire Investment Management LLC increased its stake in shares of Timken Steel Corporation by 209.4% in the first quarter. Acrospire Investment Management LLC now owns 8,090 shares of the basic materials company’s stock worth $153,000 after buying an additional 5,475 shares in the last quarter. Mason Street Advisors LLC increased its stake in shares of Timken Steel Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 9,100 shares of the basic materials company’s stock worth $172,000 after buying an additional 596 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Timken Steel Corporation by 3.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 9,230 shares of the basic materials company’s stock worth $142,000 after buying an additional 340 shares in the last quarter. Finally, Invictus RG purchased a new stake in shares of Timken Steel Corporation during the first quarter worth approximately $176,000. Institutional investors own 75.61% of the company’s stock.

Timken Steel Corporation (NYSE:TMST) opened at 14.83 on Thursday. The company’s market cap is $658.81 million. Timken Steel Corporation has a 52-week low of $8.36 and a 52-week high of $23.00. The company’s 50 day moving average price is $15.56 and its 200 day moving average price is $16.14.

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A number of brokerages have commented on TMST. ValuEngine upgraded Timken Steel Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research downgraded Timken Steel Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. BidaskClub downgraded Timken Steel Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Cowen and Company set a $23.00 price objective on Timken Steel Corporation and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, TheStreet downgraded 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 given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $18.83.

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

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