IHT Wealth Management LLC Has $1,288,000 Position in Timken Steel Corporation (TMST)

IHT Wealth Management LLC held its stake in Timken Steel Corporation (NYSE:TMST) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64 shares of the basic materials company’s stock at the end of the second quarter. Timken Steel Corporation comprises 0.6% of IHT Wealth Management LLC’s holdings, making the stock its 28th largest position. IHT Wealth Management LLC’s holdings in Timken Steel Corporation were worth $1,288,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Aperio Group LLC increased its stake in Timken Steel Corporation by 31.0% in the 2nd quarter. Aperio Group LLC now owns 25,156 shares of the basic materials company’s stock valued at $387,000 after buying an additional 5,954 shares during the period. State Street Corp increased its stake in Timken Steel Corporation by 15.4% in the 1st quarter. State Street Corp now owns 1,585,433 shares of the basic materials company’s stock valued at $29,978,000 after buying an additional 211,004 shares during the period. Royce & Associates LP increased its stake in Timken Steel Corporation by 42.2% in the 2nd quarter. Royce & Associates LP now owns 1,097,301 shares of the basic materials company’s stock valued at $16,866,000 after buying an additional 325,555 shares during the period. State of Tennessee Treasury Department increased its stake in Timken Steel Corporation by 17.8% in the 1st quarter. State of Tennessee Treasury Department now owns 37,029 shares of the basic materials company’s stock valued at $700,000 after buying an additional 5,588 shares during the period. Finally, Van ECK Associates Corp increased its stake in Timken Steel Corporation by 36.0% in the 2nd quarter. Van ECK Associates Corp now owns 135,598 shares of the basic materials company’s stock valued at $2,084,000 after buying an additional 35,888 shares during the period. 75.61% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “IHT Wealth Management LLC Has $1,288,000 Position in Timken Steel Corporation (TMST)” was originally reported by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://transcriptdaily.com/2017/10/08/iht-wealth-management-llc-has-1288000-position-in-timken-steel-corporation-tmst.html.

TMST has been the topic of several recent research reports. BidaskClub cut shares of Timken Steel Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Zacks Investment Research cut shares of Timken Steel Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 22nd. J P Morgan Chase & Co initiated coverage on shares of Timken Steel Corporation in a research note on Wednesday. They issued a “neutral” rating and a $17.00 price objective on the stock. ValuEngine raised shares of Timken Steel Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Cowen and Company reissued a “buy” rating on shares of Timken Steel Corporation in a research note on Friday, September 1st. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $18.38.

Shares of Timken Steel Corporation (NYSE TMST) remained flat at $17.23 during midday trading on Friday. The company’s stock had a trading volume of 456,728 shares. Timken Steel Corporation has a 52 week low of $9.39 and a 52 week high of $23.00. The stock’s market capitalization is $765.43 million. The firm’s 50 day moving average price is $15.24 and its 200 day moving average price is $15.33.

Timken Steel Corporation Company Profile

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.

Leave a Reply