The stock of TimkenSteel Corporation (NYSE:TMST) last traded at $16.80, down -2.15% from the previous session.
Data from the available sources indicates that TimkenSteel Corporation (NYSE:TMST) is covered by 1 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $17.60 and a low of $17.60, we find $17.60. Given the previous closing price of $17.17, this indicates a potential upside of 2.5 percent. TMST stock price is now -11.67% away from the 50-day moving average and -7.86% away from the 200-day moving average. The market capitalization of the company currently stands at $780.02M.
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In total, 1 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $17.60 as their price target over the next twelve months.
On February 23, 2021, KeyBanc Capital Markets Upgraded its previous ‘Sector Weight’ rating to ‘Overweight’ on the stock keeping its target price maintained at $10, while ‘Exane BNP Paribas’ rates the stock as ‘Neutral’.
In other news, Garcia Ken V, Director bought 22,645 shares of the company’s stock on May 12. The stock was bought for $402,961 at an average price of $17.79. Upon completion of the transaction, the Director now directly owns 66,665 shares in the company, valued at $1.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 11, Director Garcia Ken V bought 3,685 shares of the business’s stock. A total of $66,060 was incurred on buying the stock at an average price of $17.93. This leaves the insider owning 44,020 shares of the company worth $0.74 million. A total of 13.32% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TMST stock. A new stake in TimkenSteel Corporation shares was purchased by ARROWSTREET CAPITAL, LIMITED PARTNERSHIP during the first quarter worth $5,254,000. MONARCH PARTNERS ASSET MANAGEMENT LLC invested $4,034,000 in shares of TMST during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in TimkenSteel Corporation valued at approximately $1,510,000. GRAHAM CAPITAL MANAGEMENT, L.P. acquired a new stake in TMST for approximately $882,000. ALPHACREST CAPITAL MANAGEMENT LLC purchased a new stake in TMST valued at around $656,000 in the second quarter. In total, there are 272 active investors with 83.10% ownership of the company’s stock.
With an opening price of $16.77 on Monday morning, TimkenSteel Corporation (NYSE: TMST) set off the trading day. During the past 12 months, TimkenSteel Corporation has had a low of $14.09 and a high of $26.23. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 3.00, and a quick ratio of 2.00. The fifty day moving average price for TMST is $19.02 and a two-hundred day moving average price translates $18.23 for the stock.
The latest earnings results from TimkenSteel Corporation (NYSE: TMST) was released for Sep, 2022. According to the Steel Company, earnings per share came in at -$0.09, missing analysts’ expectations of $0.24 by -0.33. This compares to $1.04 EPS in the same period last year. The net profit margin was 4.90% and return on equity was 9.00% for TMST. The company reported revenue of $245.4 million for the quarter, compared to $338.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -27.46 percent. For the current quarter, analysts expect TMST to generate $308.1M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/10/2015. Investors who held shares on 08/27/2015 were paid a $0.14 dividend.
TimkenSteel Corporation(TMST) Company Profile
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. It also provides custom-make precision steel components. The company offers its products and services to the automotive; oil and gas; industrial equipment; mining; construction; rail; defense; heavy truck; agriculture; power generation; and oil country tubular goods sectors. TimkenSteel Corporation was founded in 1899 and is headquartered in Canton, Ohio.
