TimkenSteel Corp President & CEO Michael Williams Sells 9,500 Shares

GuruFocus.com
30 Jan 2024

On January 29, 2024, Michael Williams, President & CEO of TimkenSteel Corp (NYSE:TMST), sold 9,500 shares of the company's stock. The transaction was filed with the SEC and can be found through this SEC Filing.

  • Warning! GuruFocus has detected 3 Warning Sign with TMST.

TimkenSteel Corp is a company that 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. It operates primarily in North America.

Over the past year, the insider has sold a total of 23,106 shares of TimkenSteel Corp and has not made any purchases of the stock.

The insider transaction history for TimkenSteel Corp indicates a pattern of sales by insiders, with 11 insider sells and no insider buys over the past year.

On the date of the insider's most recent transaction, shares of TimkenSteel Corp were trading at $21.02, resulting in a market cap of $914.451 million.

The stock's price-earnings ratio stands at 31.16, which is above both the industry median of 13.42 and the company's historical median price-earnings ratio.

According to the GuruFocus Value, with a stock price of $21.02 and a GF Value of $19.96, TimkenSteel Corp has a price-to-GF-Value ratio of 1.05, indicating that the stock is Fairly Valued.

The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates provided by Morningstar analysts.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.

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