Timkensteel Corp (NYSE:TMST) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $10.84 and last traded at $11.04, with a volume of 5527 shares trading hands. The stock had previously closed at $11.07.

TMST has been the subject of a number of recent research reports. ValuEngine cut shares of Timkensteel from a “hold” rating to a “sell” rating in a research report on Monday, July 30th. Zacks Investment Research cut shares of Timkensteel from a “hold” rating to a “sell” rating in a research report on Tuesday, October 16th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $17.00 price target on shares of Timkensteel in a research report on Friday, July 27th.

The stock has a market cap of $502.92 million, a PE ratio of -11.15 and a beta of 1.98. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.08 and a current ratio of 2.53.

Timkensteel (NYSE:TMST) last issued its earnings results on Thursday, October 25th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.09. The business had revenue of $409.90 million during the quarter, compared to analysts’ expectations of $422.82 million. Timkensteel had a negative net margin of 1.71% and a negative return on equity of 4.55%. On average, analysts anticipate that Timkensteel Corp will post 0.21 EPS for the current year.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in Timkensteel by 3.3% in the third quarter. BlackRock Inc. now owns 5,779,112 shares of the basic materials company’s stock worth $85,934,000 after buying an additional 185,425 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Timkensteel by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 3,745,583 shares of the basic materials company’s stock worth $55,696,000 after buying an additional 28,127 shares during the last quarter. Luminus Management LLC raised its holdings in Timkensteel by 120.1% in the third quarter. Luminus Management LLC now owns 2,160,960 shares of the basic materials company’s stock worth $32,133,000 after buying an additional 1,179,252 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in Timkensteel by 5.4% in the third quarter. Gamco Investors INC. ET AL now owns 1,647,276 shares of the basic materials company’s stock worth $24,495,000 after buying an additional 83,809 shares during the last quarter. Finally, Royce & Associates LP raised its holdings in Timkensteel by 1.4% in the second quarter. Royce & Associates LP now owns 1,447,488 shares of the basic materials company’s stock worth $23,666,000 after buying an additional 20,500 shares during the last quarter. 75.27% of the stock is owned by institutional investors and hedge funds.

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Timkensteel Company Profile (NYSE:TMST)

TimkenSteel Corporation manufactures and sells alloy steel, and carbon and micro-alloy steel products worldwide. It offers carbon, micro-alloy, and alloy steel ingots, bars, tubes, and billets; and precision components, as well as thermal treatment and machining services. The company's products are used in oil country drill pipes; bits and collars; gears; hubs; axles; crankshafts and connecting rods; bearing races and rolling elements; bushings; fuel injectors; wind energy shafts; anti-friction bearings; and other applications.

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