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TimkenSteel (NYSE:TMST - Get Rating) had its target price lowered by KeyCorp from $27.00 to $24.00 in a note issued to investors on Tuesday, Stock Target Advisor reports. The firm presently has an "overweight" rating on the basic materials company's stock. KeyCorp's price objective suggests a potential upside of 33.70% from the company's previous close.
Separately, StockNews.com upgraded TimkenSteel from a "hold" rating to a "buy" rating in a research report on Wednesday, May 18th.TimkenSteel Stock Performance
TimkenSteel stock opened at $17.95 on Tuesday. TimkenSteel has a 1 year low of $11.68 and a 1 year high of $26.23. The firm has a market cap of $836.94 million, a price-to-earnings ratio of 4.86 and a beta of 1.80. The firm's 50 day moving average price is $20.40 and its two-hundred day moving average price is $19.26.
TimkenSteel (NYSE:TMST - Get Rating) last released its quarterly earnings data on Wednesday, May 4th. The basic materials company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.11. The business had revenue of $352.00 million during the quarter. TimkenSteel had a net margin of 14.57% and a return on equity of 31.05%. The firm's revenue for the quarter was up 28.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.43 EPS. As a group, equities analysts predict that TimkenSteel will post 4.15 EPS for the current fiscal year. Insider Buying and Selling at TimkenSteel
In related news, Director Ken V. Garcia purchased 3,685 shares of TimkenSteel stock in a transaction that occurred on Wednesday, May 11th. The shares were acquired at an average price of $17.93 per share, with a total value of $66,072.05. Following the completion of the transaction, the director now directly owns 44,020 shares of the company's stock, valued at approximately $789,278.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.60% of the company's stock. Hedge Funds Weigh In On TimkenSteel
A number of hedge funds and other institutional investors have recently made changes to their positions in TMST. Captrust Financial Advisors increased its position in shares of TimkenSteel by 9.6% during the first quarter. Captrust Financial Advisors now owns 11,106 shares of the basic materials company's stock worth $243,000 after buying an additional 975 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of TimkenSteel by 6.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 16,238 shares of the basic materials company's stock valued at $355,000 after purchasing an additional 986 shares in the last quarter. Maryland State Retirement & Pension System raised its holdings in shares of TimkenSteel by 6.8% in the fourth quarter. Maryland State Retirement & Pension System now owns 16,297 shares of the basic materials company's stock valued at $269,000 after purchasing an additional 1,033 shares during the last quarter. Rhumbline Advisers raised its stake in shares of TimkenSteel by 0.9% during the 4th quarter. Rhumbline Advisers now owns 123,295 shares of the basic materials company's stock worth $2,034,000 after purchasing an additional 1,062 shares during the period. Finally, Carolina Wealth Advisors LLC raised its stake in shares of TimkenSteel by 9.9% in the first quarter. Carolina Wealth Advisors LLC now owns 19,817 shares of the basic materials company's stock valued at $434,000 after buying an additional 1,791 shares during the period. 75.88% of the stock is owned by institutional investors and hedge funds. TimkenSteel Company Profile (Get Rating)
TimkenSteel Corporation manufactures and sells 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, as well as supplies machining and thermal treatment services. The company's 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.Featured ArticlesGet a free copy of the StockNews.com research report on TimkenSteel (TMST)These 3 Stocks Won’t Trade Under $100 For LongWhen You Silence the Noise, AMD Stock Still Offers Strong Fundamentals MarketBeat Podcast: You CAN Make Money In a Bear Market, Here's How !Three (3) Undervalued Dividend-Paying Tech Stocks Is it Time to Cash Out Novavax Stock?
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