On December 27, 2023, Kristopher Westbrooks, Executive Vice President and Chief Financial Officer of TimkenSteel Corp (NYSE:TMST), sold 15,949 shares of the company's stock, according to a SEC Filing. TimkenSteel Corp is a manufacturer of 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, which are used in a variety of industries, including automotive, oil and gas, and industrial equipment.
Over the past year, the insider has sold a total of 35,418 shares and has not made any purchases of the company's stock.
The insider transaction history for TimkenSteel Corp shows a pattern of insider sales, with 0 insider buys and 6 insider sells over the past year.
On the day of the insider's recent sale, shares of TimkenSteel Corp were trading at $24.1, giving the company a market cap of $1.030 billion.
The price-earnings ratio of TimkenSteel Corp stands at 35.13, which is above both the industry median of 13.02 and the company's historical median price-earnings ratio.
With a trading price of $24.1 and a GuruFocus Value of $19.80, TimkenSteel Corp has a price-to-GF-Value ratio of 1.22, indicating that the stock is considered Modestly Overvalued according to the GF Value metric.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates provided by Morningstar analysts.
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