Timkensteel Corp (NYSE:TMST) shares were up 0% on Monday . The stock traded as high as $16.90 and last traded at $16.29. Approximately 1,131,409 shares traded hands during trading, an increase of 60% from the average daily volume of 708,549 shares. The stock had previously closed at $16.29.

Several research analysts have recently weighed in on TMST shares. Zacks Investment Research raised Timkensteel from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Thursday, November 2nd. Jefferies Group reaffirmed a “hold” rating and set a $18.00 target price on shares of Timkensteel in a research note on Sunday, October 29th. KeyCorp raised Timkensteel from a “sector weight” rating to an “overweight” rating and set a $17.00 target price for the company in a research note on Monday. BidaskClub downgraded Timkensteel from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. Finally, ValuEngine downgraded Timkensteel from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $18.20.

The company has a debt-to-equity ratio of 0.30, a current ratio of 1.98 and a quick ratio of 0.90.

Timkensteel (NYSE:TMST) last posted its quarterly earnings data on Thursday, January 25th. The basic materials company reported ($0.77) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.34) by ($0.43). Timkensteel had a negative net margin of 3.33% and a negative return on equity of 7.56%. The firm had revenue of $341.40 million during the quarter, compared to analyst estimates of $345.00 million. During the same period in the prior year, the company posted ($1.52) earnings per share. The firm’s revenue for the quarter was up 59.0% compared to the same quarter last year. analysts expect that Timkensteel Corp will post 0.52 earnings per share for the current fiscal year.

In related news, insider Tina M. Beskid sold 2,548 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $13.68, for a total value of $34,856.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 8.10% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Dallas Securities Inc. acquired a new position in Timkensteel in the 4th quarter valued at $125,000. Acadian Asset Management LLC acquired a new position in Timkensteel in the 4th quarter valued at $137,000. Trexquant Investment LP purchased a new stake in Timkensteel in the 3rd quarter valued at $179,000. Teacher Retirement System of Texas purchased a new stake in Timkensteel in the 4th quarter valued at $195,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in Timkensteel in the 3rd quarter valued at $212,000. 71.77% of the stock is owned by hedge funds and other institutional investors.

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Timkensteel 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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