Arizona State Retirement System raised its position in shares of Timken Steel Corporation (NYSE:TMST) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,400 shares of the basic materials company’s stock after purchasing an additional 100 shares during the quarter. Arizona State Retirement System’s holdings in Timken Steel Corporation were worth $314,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Schwab Charles Investment Management Inc. grew its stake in Timken Steel Corporation by 9.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 533,112 shares of the basic materials company’s stock valued at $8,194,000 after purchasing an additional 45,460 shares during the last quarter. Pioneer Investment Management Inc. purchased a new stake in Timken Steel Corporation during the 2nd quarter valued at about $682,000. Hodges Capital Management Inc. grew its stake in Timken Steel Corporation by 51.5% during the 2nd quarter. Hodges Capital Management Inc. now owns 609,330 shares of the basic materials company’s stock valued at $9,365,000 after purchasing an additional 207,220 shares during the last quarter. Texas Permanent School Fund grew its stake in Timken Steel Corporation by 1.2% during the 2nd quarter. Texas Permanent School Fund now owns 28,510 shares of the basic materials company’s stock valued at $438,000 after purchasing an additional 335 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in Timken Steel Corporation by 6.4% during the 2nd quarter. Great West Life Assurance Co. Can now owns 56,764 shares of the basic materials company’s stock valued at $871,000 after purchasing an additional 3,400 shares during the last quarter. Institutional investors and hedge funds own 75.61% of the company’s stock.

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Several equities analysts have recently issued reports on the company. ValuEngine raised Timken Steel Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research cut Timken Steel Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. BidaskClub cut Timken Steel Corporation from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, Cowen and Company reissued a “buy” rating on shares of Timken Steel Corporation in a report on Friday, September 1st. One equities research 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. The company has an average rating of “Hold” and a consensus target price of $18.83.

Timken Steel Corporation (NYSE TMST) opened at 14.69 on Monday. Timken Steel Corporation has a 12-month low of $8.36 and a 12-month high of $23.00. The company has a 50-day moving average price of $15.31 and a 200-day moving average price of $15.99. The firm’s market cap is $652.59 million.

Timken Steel Corporation Company 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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