First Dallas Securities Inc. bought a new position in Timkensteel Corp (NYSE:TMST) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 8,250 shares of the basic materials company’s stock, valued at approximately $125,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TMST. Dimensional Fund Advisors LP raised its holdings in shares of Timkensteel by 14.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,444,679 shares of the basic materials company’s stock valued at $52,945,000 after acquiring an additional 428,630 shares during the period. Vanguard Group Inc. raised its holdings in shares of Timkensteel by 2.4% during the second quarter. Vanguard Group Inc. now owns 3,332,660 shares of the basic materials company’s stock valued at $51,223,000 after acquiring an additional 77,821 shares during the period. State Street Corp raised its holdings in shares of Timkensteel by 22.0% during the second quarter. State Street Corp now owns 1,933,464 shares of the basic materials company’s stock valued at $29,719,000 after acquiring an additional 348,031 shares during the period. Gamco Investors INC. ET AL raised its holdings in shares of Timkensteel by 22.7% during the fourth quarter. Gamco Investors INC. ET AL now owns 1,407,359 shares of the basic materials company’s stock valued at $21,378,000 after acquiring an additional 260,183 shares during the period. Finally, Royce & Associates LP raised its holdings in shares of Timkensteel by 3.8% during the third quarter. Royce & Associates LP now owns 1,139,301 shares of the basic materials company’s stock valued at $18,798,000 after acquiring an additional 42,000 shares during the period. Institutional investors and hedge funds own 71.77% of the company’s stock.

Timkensteel Corp (NYSE:TMST) opened at $16.29 on Tuesday. Timkensteel Corp has a 1 year low of $12.48 and a 1 year high of $23.00. 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 announced its quarterly earnings data on Thursday, January 25th. The basic materials company reported ($0.77) EPS for the quarter, missing the Zacks’ 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 company had revenue of $341.40 million for the quarter, compared to analysts’ expectations of $345.00 million. During the same period in the previous year, the firm posted ($1.52) earnings per share. The business’s revenue for the quarter was up 59.0% on a year-over-year basis. sell-side analysts expect that Timkensteel Corp will post 0.52 earnings per share for the current year.

A number of equities research analysts have recently issued reports on the stock. KeyCorp upgraded shares of Timkensteel from a “sector weight” rating to an “overweight” rating and set a $17.00 price target on the stock in a report on Monday. Zacks Investment Research lowered shares of Timkensteel from a “hold” rating to a “sell” rating in a report on Saturday, January 20th. BidaskClub downgraded shares of Timkensteel from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. ValuEngine downgraded shares of Timkensteel from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. Finally, Jefferies Group reaffirmed a “hold” rating and set a $18.00 price objective on shares of Timkensteel in a research report on Sunday, October 29th. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Timkensteel currently has an average rating of “Hold” and an average target price of $18.20.

In related news, insider Tina M. Beskid sold 2,548 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $13.68, for a total transaction of $34,856.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 8.10% of the company’s stock.

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About Timkensteel

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.

Institutional Ownership by Quarter for Timkensteel (NYSE:TMST)

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