Timkensteel Corp (TMST) CEO Acquires $98,400.00 in Stock
Resource from: 4 Traders Likes:189
Dec 02,2015
Timkensteel Corp (NYSE:TMST) CEO Ward J. Timken, Jr. purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 24th. The stock was purchased at an average price of $9.84 per share, for a total transaction of $98,400.00. Following the purchase, the chief executive officer now owns 105,527 shares in the company, valued at $1,038,385.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Timkensteel Corp (NYSE:TMST) opened at 10.29 on Tuesday. Timkensteel Corp has a 52 week low of $9.30 and a 52 week high of $37.47. The stock’s 50 day moving average price is $11.65 and its 200 day moving average price is $19.00. The stock’s market cap is $454.74 million.
Timkensteel Corp (NYSE:TMST) last announced its quarterly earnings results on Thursday, October 29th. The company reported ($0.69) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.79) by $0.10. During the same period last year, the company earned $0.56 EPS. The business earned $232.70 million during the quarter, compared to analyst estimates of $253.39 million. The business’s revenue for the quarter was down 46.4% on a year-over-year basis. On average, analysts forecast that Timkensteel Corp will post ($1.75) earnings per share for the current year.
Several equities research analysts recently issued reports on the stock. KeyBanc assumed coverage on shares of Timkensteel Corp in a report on Monday, August 31st. They set a “sector weight” rating for the company. Jefferies Group reiterated a “buy” rating and set a $20.00 target price on shares of Timkensteel Corp in a research report on Tuesday, September 15th. Cowen and Company downgraded Timkensteel Corp from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $28.00 to $12.00 in a research report on Monday, September 14th. Finally, Zacks Investment Research upgraded Timkensteel Corp from a “sell” rating to a “hold” rating in a research report on Friday, October 30th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $19.00.
TimkenSteel Corporation manufactures alloy steel, as well as carbon and micro-alloy steel, with an annual melt capacity of approximately two million tons. The Company’s portfolio includes special bar quality (NYSE:TMST) bars, seamless mechanical tubing and precision steel components. It operates in two segments: Industrial & Mobile and Energy & Distribution. In addition, it supplies machining and thermal treatment services and manages raw material recycling programs, which are used as a feeder system for the Company’s operations. Its customers are companies in the market sectors, including oil & gas; automotive; industrial equipment; mining; construction; rail; aerospace and defense; heavy truck; agriculture, and power generation. The Company’s steels are featured in a variety of end products, including oil drill pipe; hubs; axles; crankshafts and connecting rods; bearing races and rolling elements; bushings; fuel injectors; wind energy shafts, and anti-friction bearings, among others.
(4 Traders)
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
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