Equities researchers at J P Morgan Chase & Co started coverage on shares of Timken Steel Corporation (NYSE:TMST) in a note issued to investors on Wednesday. The firm set a “neutral” rating on the basic materials company’s stock.

Other analysts have also issued reports about the stock. BidaskClub upgraded shares of Timken Steel Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday. Cowen and Company reiterated a “buy” rating on shares of Timken Steel Corporation in a report on Friday, September 1st. Zacks Investment Research cut shares of Timken Steel Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Finally, ValuEngine raised shares of Timken Steel Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $18.83.

Timken Steel Corporation (TMST) opened at 17.03 on Wednesday. The company’s market cap is $756.54 million. The company’s 50 day moving average is $15.04 and its 200 day moving average is $15.33. Timken Steel Corporation has a 1-year low of $9.39 and a 1-year high of $23.00.

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Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its position in shares of Timken Steel Corporation by 51,982.7% during the first quarter. BlackRock Inc. now owns 4,911,398 shares of the basic materials company’s stock worth $92,873,000 after acquiring an additional 4,901,968 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Timken Steel Corporation by 30.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,016,049 shares of the basic materials company’s stock valued at $57,032,000 after acquiring an additional 699,127 shares during the period. Gamco Investors INC. ET AL increased its holdings in shares of Timken Steel Corporation by 100.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 1,115,452 shares of the basic materials company’s stock valued at $17,144,000 after acquiring an additional 557,976 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Timken Steel Corporation by 115.2% in the 1st quarter. Bank of New York Mellon Corp now owns 1,039,610 shares of the basic materials company’s stock valued at $19,659,000 after acquiring an additional 556,559 shares during the period. Finally, State Street Corp increased its holdings in shares of Timken Steel Corporation by 22.0% in the 2nd quarter. State Street Corp now owns 1,933,464 shares of the basic materials company’s stock valued at $29,719,000 after acquiring an additional 348,031 shares during the period. Institutional investors own 75.61% of the company’s stock.

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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