State of Tennessee Treasury Department maintained its stake in shares of Timken Steel Corporation (NYSE:TMST) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,029 shares of the basic materials company’s stock at the end of the 2nd quarter. State of Tennessee Treasury Department owned 0.08% of Timken Steel Corporation worth $569,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Aperio Group LLC raised its position in shares of Timken Steel Corporation by 31.0% during the 2nd quarter. Aperio Group LLC now owns 25,156 shares of the basic materials company’s stock valued at $387,000 after buying an additional 5,954 shares in the last quarter. State Street Corp raised its position in shares of Timken Steel Corporation by 15.4% during the 1st quarter. State Street Corp now owns 1,585,433 shares of the basic materials company’s stock valued at $29,978,000 after buying an additional 211,004 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Timken Steel Corporation by 5.5% during the 4th quarter. Teachers Advisors LLC now owns 71,244 shares of the basic materials company’s stock valued at $1,103,000 after buying an additional 3,728 shares in the last quarter. Royce & Associates LP raised its position in shares of 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 valued at $16,866,000 after buying an additional 325,555 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Timken Steel Corporation by 21.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 487,652 shares of the basic materials company’s stock valued at $9,222,000 after buying an additional 84,998 shares in the last quarter. Institutional investors and hedge funds own 75.61% of the company’s stock.

Timken Steel Corporation (NYSE:TMST) opened at 16.50 on Friday. The company’s 50-day moving average is $14.97 and its 200 day moving average is $15.57. The company’s market capitalization is $733.00 million. Timken Steel Corporation has a one year low of $9.30 and a one year high of $23.00.

Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Timken Steel Corporation from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Tuesday, July 18th. BidaskClub upgraded shares of Timken Steel Corporation from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Cowen and Company set a $23.00 target price on shares of Timken Steel Corporation and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, ValuEngine upgraded shares of Timken Steel Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $18.83.

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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.

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

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