TimkenSteel Co. (NYSE:TMST – Get Rating) – Equities research analysts at KeyCorp reduced their FY2022 earnings estimates for TimkenSteel in a research note issued to investors on Monday, November 21st. KeyCorp analyst P. Gibbs now expects that the basic materials company will post earnings of $2.05 per share for the year, down from their prior forecast of $2.09. The consensus estimate for TimkenSteel’s current full-year earnings is $2.08 per share.
Separately, StockNews.com assumed coverage on shares of TimkenSteel in a research note on Wednesday, October 12th. They set a “hold” rating on the stock.
TimkenSteel Stock Down 1.8 %
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Teachers Retirement System of The State of Kentucky acquired a new position in TimkenSteel during the third quarter worth about $174,000. BNP Paribas Arbitrage SNC grew its position in TimkenSteel by 102.4% during the third quarter. BNP Paribas Arbitrage SNC now owns 30,356 shares of the basic materials company’s stock worth $455,000 after buying an additional 15,356 shares during the period. State Street Corp grew its position in TimkenSteel by 1.7% during the third quarter. State Street Corp now owns 3,303,278 shares of the basic materials company’s stock worth $49,516,000 after buying an additional 54,232 shares during the period. Public Employees Retirement System of Ohio grew its position in TimkenSteel by 58.7% during the third quarter. Public Employees Retirement System of Ohio now owns 3,067 shares of the basic materials company’s stock worth $46,000 after buying an additional 1,135 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of TimkenSteel by 4.3% in the third quarter. Thrivent Financial for Lutherans now owns 42,527 shares of the basic materials company’s stock valued at $637,000 after purchasing an additional 1,758 shares in the last quarter. 80.61% of the stock is currently owned by institutional investors and hedge funds.
TimkenSteel Company Profile
TimkenSteel Corp. engages in the manufacture of alloy, carbon and micro-alloy steel products. The firm’s products includes special bar quality steel, seamless mechanical tubing, gears, grades of steel, jumbo bloom vertical caster, TimkenSteel ultrapremium technology, and TimkenSteel endurance steels.
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