Eagle Asset Management Inc. reduced its stake in shares of Timken Steel Corporation (NYSE:TMST) by 7.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 227,464 shares of the basic materials company’s stock after selling 19,617 shares during the period. Eagle Asset Management Inc. owned 0.51% of Timken Steel Corporation worth $3,496,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in TMST. BlackRock Inc. raised its position in Timken Steel Corporation by 51,982.7% during the 1st quarter. BlackRock Inc. now owns 4,911,398 shares of the basic materials company’s stock worth $92,873,000 after purchasing an additional 4,901,968 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Timken Steel Corporation by 30.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,016,049 shares of the basic materials company’s stock worth $57,032,000 after purchasing an additional 699,127 shares during the last quarter. Gamco Investors INC. ET AL raised its position in Timken Steel Corporation by 100.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 1,115,452 shares of the basic materials company’s stock worth $17,144,000 after purchasing an additional 557,976 shares during the last quarter. Bank of New York Mellon Corp raised its position in Timken Steel Corporation by 115.2% during the 1st quarter. Bank of New York Mellon Corp now owns 1,039,610 shares of the basic materials company’s stock worth $19,659,000 after purchasing an additional 556,559 shares during the last quarter. Finally, Royce & Associates LP raised its position in Timken Steel Corporation by 42.2% during the 2nd quarter. Royce & Associates LP now owns 1,097,301 shares of the basic materials company’s stock worth $16,866,000 after purchasing an additional 325,555 shares during the last quarter. 75.61% of the stock is owned by institutional investors and hedge funds.

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Timken Steel Corporation (NYSE TMST) opened at 14.69 on Friday. The stock has a 50 day moving average price of $15.31 and a 200 day moving average price of $15.99. The company’s market capitalization is $652.59 million. Timken Steel Corporation has a 52-week low of $8.36 and a 52-week high of $23.00.

Several research analysts recently issued reports on TMST shares. BidaskClub lowered Timken Steel Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Zacks Investment Research lowered Timken Steel Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 22nd. ValuEngine raised Timken Steel Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. 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 Wednesday, May 31st. Finally, TheStreet lowered 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 issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $18.83.

Timken Steel Corporation Profile

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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