Neuburgh Advisers LLC Acquires 1,122 Shares of Timkensteel Corp (TMST)

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Neuburgh Advisers LLC lifted its holdings in shares of Timkensteel Corp (NYSE:TMST) by 24.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,764 shares of the basic materials company’s stock after buying an additional 1,122 shares during the period. Neuburgh Advisers LLC’s holdings in Timkensteel were worth $50,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in shares of Timkensteel by 146.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,128,161 shares of the basic materials company’s stock valued at $16,775,000 after acquiring an additional 670,666 shares during the period. BlackRock Inc. boosted its position in shares of Timkensteel by 3.3% in the 3rd quarter. BlackRock Inc. now owns 5,779,112 shares of the basic materials company’s stock worth $85,934,000 after purchasing an additional 185,425 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Timkensteel by 0.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,745,583 shares of the basic materials company’s stock worth $55,696,000 after purchasing an additional 28,127 shares in the last quarter. Brown Advisory Inc. boosted its position in shares of Timkensteel by 77.8% in the 3rd quarter. Brown Advisory Inc. now owns 413,290 shares of the basic materials company’s stock worth $6,146,000 after purchasing an additional 180,820 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Timkensteel in the 3rd quarter worth $283,000. Institutional investors and hedge funds own 76.54% of the company’s stock.

Timkensteel stock opened at $11.33 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 2.23 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $503.83 million, a PE ratio of 141.13 and a beta of 2.33. Timkensteel Corp has a 1-year low of $8.18 and a 1-year high of $19.40.

Timkensteel (NYSE:TMST) last posted its quarterly earnings data on Wednesday, February 20th. The basic materials company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.08). The business had revenue of $406.40 million during the quarter, compared to analyst estimates of $391.58 million. Timkensteel had a positive return on equity of 0.60% and a negative net margin of 1.97%. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.76) EPS. As a group, equities research analysts expect that Timkensteel Corp will post 0.69 EPS for the current fiscal year.

A number of research firms have recently weighed in on TMST. Zacks Investment Research raised Timkensteel from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 13th. Cowen cut Timkensteel from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $12.00 to $13.50 in a research report on Tuesday, February 26th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $16.13.

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About Timkensteel

TimkenSteel Corporation manufactures and sells alloy steel, and carbon and micro-alloy steel products worldwide. The company offers carbon, micro-alloy, and alloy steel ingots, bars, tubes, and billets; and precision steel components, as well as supplies machining and thermal treatment services. It also manages raw material recycling programs.

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Institutional Ownership by Quarter for Timkensteel (NYSE:TMST)

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