BidaskClub upgraded shares of Timken Steel Corporation (NYSE:TMST) from a sell rating to a hold rating in a report issued on Tuesday.

Several other equities research analysts have also weighed in on the stock. Cowen and Company set a $23.00 price objective on shares of Timken Steel Corporation and gave the stock a buy rating in a research note on Thursday, July 27th. TheStreet cut shares of Timken Steel Corporation from a c- rating to a d+ rating in a report on Tuesday, June 6th. ValuEngine upgraded Timken Steel Corporation from a sell rating to a hold rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research upgraded Timken Steel Corporation from a hold rating to a buy rating and set a $17.00 target price for the company in a research note on Friday, August 4th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $18.38.

Timken Steel Corporation (NYSE:TMST) traded up 0.47% on Tuesday, reaching $17.11. 53,903 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $15.04 and its 200 day moving average price is $15.33. The firm’s market capitalization is $760.09 million. Timken Steel Corporation has a 1-year low of $9.39 and a 1-year high of $23.00.

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Several hedge funds have recently added to or reduced their stakes in TMST. BlackRock Inc. lifted its position in Timken Steel Corporation by 51,982.7% in the 1st quarter. BlackRock Inc. now owns 4,911,398 shares of the basic materials company’s stock valued at $92,873,000 after purchasing an additional 4,901,968 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake 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 valued at $57,032,000 after purchasing an additional 699,127 shares during the period. Gamco Investors INC. ET AL boosted its stake 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 valued at $17,144,000 after purchasing an additional 557,976 shares during the period. Bank of New York Mellon Corp boosted its stake 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 valued at $19,659,000 after purchasing an additional 556,559 shares during the period. Finally, State Street Corp boosted its stake in Timken Steel Corporation by 22.0% during 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 purchasing an additional 348,031 shares during the period. 75.61% of the stock is currently owned by institutional investors and hedge funds.

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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