J.W. Cole Advisors Inc. Purchases New Shares in TimkenSteel Co. (NYSE:TMST)

J.W. Cole Advisors Inc. purchased a new stake in shares of TimkenSteel Co. (NYSE:TMSTGet Rating) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 25,114 shares of the basic materials company’s stock, valued at approximately $72,000. J.W. Cole Advisors Inc. owned approximately 0.05% of TimkenSteel at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in TMST. Point72 Hong Kong Ltd bought a new position in shares of TimkenSteel during the first quarter valued at about $81,000. FORA Capital LLC bought a new position in shares of TimkenSteel during the first quarter valued at about $212,000. Atria Wealth Solutions Inc. bought a new position in shares of TimkenSteel during the first quarter valued at about $213,000. Girard Partners LTD. bought a new position in shares of TimkenSteel during the first quarter valued at about $218,000. Finally, Virtu Financial LLC bought a new stake in TimkenSteel in the first quarter worth about $228,000. 80.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on TMST shares. StockNews.com lowered shares of TimkenSteel from a “buy” rating to a “hold” rating in a research report on Monday, August 8th. KeyCorp lowered their price objective on shares of TimkenSteel from $27.00 to $24.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 19th.

TimkenSteel Stock Performance

Shares of TMST stock opened at $14.82 on Friday. The firm has a market cap of $685.05 million, a price-to-earnings ratio of 3.61 and a beta of 1.81. TimkenSteel Co. has a 52 week low of $12.46 and a 52 week high of $26.23. The firm’s 50-day simple moving average is $16.80 and its two-hundred day simple moving average is $19.49.

TimkenSteel (NYSE:TMSTGet Rating) last posted its earnings results on Thursday, August 4th. The basic materials company reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.04). The business had revenue of $415.70 million during the quarter, compared to analysts’ expectations of $413.30 million. TimkenSteel had a return on equity of 30.97% and a net margin of 15.09%. Analysts forecast that TimkenSteel Co. will post 3.25 earnings per share for the current year.

About TimkenSteel

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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.

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Institutional Ownership by Quarter for TimkenSteel (NYSE:TMST)

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