TimkenSteel (NYSE:TMST) Now Covered by StockNews.com

Analysts at StockNews.com initiated coverage on shares of TimkenSteel (NYSE:TMST) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the basic materials company’s stock.

TimkenSteel Stock Performance

The firm has a market capitalization of $880.26 million, a P/E ratio of 30.00, a PEG ratio of 0.70 and a beta of 1.51. The business has a fifty day simple moving average of $20.55 and a 200-day simple moving average of $20.95. TimkenSteel has a twelve month low of $15.59 and a twelve month high of $24.30.

Insiders Place Their Bets

In other TimkenSteel news, EVP Kevin A. Raketich sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $20.19, for a total value of $40,380.00. Following the completion of the sale, the executive vice president now owns 89,256 shares of the company’s stock, valued at $1,802,078.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Kevin A. Raketich sold 2,000 shares of TimkenSteel stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $20.19, for a total transaction of $40,380.00. Following the completion of the sale, the executive vice president now owns 89,256 shares of the company’s stock, valued at $1,802,078.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael S. Williams sold 9,500 shares of TimkenSteel stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $21.02, for a total value of $199,690.00. Following the sale, the chief executive officer now directly owns 347,172 shares of the company’s stock, valued at approximately $7,297,555.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,465 shares of company stock valued at $507,846. 1.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TimkenSteel

Institutional investors and hedge funds have recently modified their holdings of the company. Fortitude Family Office LLC purchased a new position in TimkenSteel during the fourth quarter valued at approximately $26,000. Quarry LP purchased a new position in TimkenSteel during the second quarter valued at approximately $25,000. Tower Research Capital LLC TRC raised its position in TimkenSteel by 148.7% during the first quarter. Tower Research Capital LLC TRC now owns 1,574 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 941 shares in the last quarter. Covestor Ltd raised its position in TimkenSteel by 312.5% during the third quarter. Covestor Ltd now owns 1,720 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 1,303 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in TimkenSteel during the third quarter valued at approximately $47,000. Institutional investors and hedge funds own 78.28% of the company’s stock.

About TimkenSteel

TimkenSteel Corporation engages in manufacture and sale of alloy steel, and carbon and micro-alloy steel products in the United States and internationally. It offers carbon, micro-alloy, and alloy steel ingots, bars, tubes, and billets. Its products are used in gears; hubs; axles; crankshafts and connecting rods; oil country drill pipes; bits and collars; bearing races and rolling elements; bushings; fuel injectors; wind energy shafts; anti-friction bearings; and other applications.