Timken Steel Corporation (TMST) Stake Maintained by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY maintained its position in Timken Steel Corporation (NYSE:TMST) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,659 shares of the basic materials company’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY’s holdings in Timken Steel Corporation were worth $523,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TMST. Louisiana State Employees Retirement System increased its position in Timken Steel Corporation by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the basic materials company’s stock worth $301,000 after buying an additional 300 shares in the last quarter. Arizona State Retirement System increased its position in Timken Steel Corporation by 1.5% in the first quarter. Arizona State Retirement System now owns 20,300 shares of the basic materials company’s stock worth $384,000 after buying an additional 300 shares in the last quarter. Nationwide Fund Advisors increased its position in Timken Steel Corporation by 0.9% in the first quarter. Nationwide Fund Advisors now owns 33,447 shares of the basic materials company’s stock worth $632,000 after buying an additional 310 shares in the last quarter. Mason Street Advisors LLC increased its position in Timken Steel Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 9,100 shares of the basic materials company’s stock worth $172,000 after buying an additional 596 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in Timken Steel Corporation by 3.5% in the first quarter. Wells Fargo & Company MN now owns 35,943 shares of the basic materials company’s stock worth $679,000 after buying an additional 1,220 shares in the last quarter. Institutional investors and hedge funds own 74.71% of the company’s stock.

Timken Steel Corporation (NYSE TMST) traded down 2.50% during mid-day trading on Friday, reaching $15.59. The company’s stock had a trading volume of 457,914 shares. The firm has a 50-day moving average of $15.55 and a 200-day moving average of $16.26. Timken Steel Corporation has a 52 week low of $8.36 and a 52 week high of $23.00. The stock’s market capitalization is $692.57 million.

COPYRIGHT VIOLATION WARNING: “Timken Steel Corporation (TMST) Stake Maintained by Metropolitan Life Insurance Co. NY” was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright law. The legal version of this article can be viewed at https://stocknewstimes.com/2017/08/12/timken-steel-corporation-tmst-stake-maintained-by-metropolitan-life-insurance-co-ny.html.

A number of analysts have weighed in on TMST shares. Zacks Investment Research cut Timken Steel Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. ValuEngine raised Timken Steel Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. BidaskClub cut Timken Steel Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Cowen and Company set a $23.00 price objective on Timken Steel Corporation and gave the stock a “buy” rating in a research report on Thursday, July 27th. Finally, TheStreet cut Timken Steel Corporation from a “c-” rating to a “d+” rating in a research report on Tuesday, June 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $18.83.

About Timken Steel Corporation

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.

Want to see what other hedge funds are holding TMST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Timken Steel Corporation (NYSE:TMST).

Institutional Ownership by Quarter for Timken Steel Corporation (NYSE:TMST)

Receive News & Ratings for Timken Steel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Timken Steel Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply