Aviva PLC Grows Stock Position in TimkenSteel Co. (NYSE:TMST)

Posted by on Feb 26th, 2023

Aviva PLC grew its position in shares of TimkenSteel Co. (NYSE:TMST – Get Rating) by 11.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,357 shares of the basic materials company’s stock after purchasing an additional 10,191 shares during the period. Aviva PLC owned approximately 0.23% of TimkenSteel worth $1,504,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TMST. Nisa Investment Advisors LLC lifted its holdings in TimkenSteel by 150.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the basic materials company’s stock worth $37,000 after buying an additional 1,200 shares in the last quarter. Ellevest Inc. boosted its holdings in TimkenSteel by 561.5% in the third quarter. Ellevest Inc. now owns 3,744 shares of the basic materials company’s stock valued at $56,000 after purchasing an additional 3,178 shares during the last quarter. Shell Asset Management Co. acquired a new stake in TimkenSteel during the 2nd quarter valued at approximately $78,000. Point72 Hong Kong Ltd purchased a new stake in TimkenSteel during the 1st quarter worth approximately $81,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of TimkenSteel in the 2nd quarter valued at approximately $84,000. 81.38% of the stock is currently owned by hedge funds and other institutional investors.

TimkenSteel Trading Up 2.3 %

TMST stock opened at $18.41 on Friday. The firm has a 50 day simple moving average of $18.99 and a 200-day simple moving average of $17.64. The company has a market capitalization of $818.69 million, a P/E ratio of 17.05 and a beta of 1.71. TimkenSteel Co. has a twelve month low of $14.09 and a twelve month high of $26.23.

TimkenSteel (NYSE:TMST – Get Rating) last announced its quarterly earnings data on Friday, February 24th. The basic materials company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.16. The company had revenue of $245.40 million during the quarter, compared to analyst estimates of $321.40 million. TimkenSteel had a net margin of 4.90% and a return on equity of 14.58%. The firm’s revenue for the quarter was down 27.5% compared to the same quarter last year. During the same period last year, the business earned $0.80 EPS. On average, research analysts predict that TimkenSteel Co. will post 1.79 EPS for the current year.

About TimkenSteel

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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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Institutional Ownership by Quarter for TimkenSteel (NYSE:TMST)

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