Warrior Met Coal (NYSE:HCC) Reaches New 12-Month High – Should You Buy?

Warrior Met Coal (NYSE:HCC) hit a new 52-week high during trading on Thursday . The stock traded as high as $86.48 and last traded at $85.4180, with a volume of 80505 shares. The stock had previously closed at $84.90.

Analyst Ratings Changes

A number of equities analysts have weighed in on HCC shares. UBS Group upped their price objective on shares of Warrior Met Coal from $80.00 to $86.00 and gave the stock a “neutral” rating in a research report on Friday, December 12th. Wall Street Zen raised shares of Warrior Met Coal from a “sell” rating to a “hold” rating in a research note on Saturday, October 11th. B. Riley reiterated a “buy” rating on shares of Warrior Met Coal in a research note on Thursday, November 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Warrior Met Coal in a research report on Wednesday, October 8th. Finally, BMO Capital Markets lifted their price target on Warrior Met Coal from $65.00 to $72.00 and gave the stock a “market perform” rating in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Warrior Met Coal presently has an average rating of “Moderate Buy” and a consensus target price of $74.25.

Warrior Met Coal Trading Down 0.4%

The company has a current ratio of 4.13, a quick ratio of 3.00 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average price of $74.19 and a two-hundred day moving average price of $61.73. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 126.23 and a beta of 0.69.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.91. The firm had revenue of $328.59 million for the quarter, compared to the consensus estimate of $302.51 million. Warrior Met Coal had a return on equity of 2.01% and a net margin of 2.87%.The firm’s revenue was up .3% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 earnings per share. As a group, research analysts forecast that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, November 7th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. Warrior Met Coal’s payout ratio is presently 47.76%.

Insider Transactions at Warrior Met Coal

In related news, CEO Walter J. Scheller sold 18,966 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $75.00, for a total transaction of $1,422,450.00. Following the completion of the sale, the chief executive officer directly owned 394,183 shares in the company, valued at approximately $29,563,725. This trade represents a 4.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.10% of the company’s stock.

Institutional Trading of Warrior Met Coal

A number of hedge funds and other institutional investors have recently made changes to their positions in HCC. Nuveen LLC purchased a new stake in shares of Warrior Met Coal during the 1st quarter valued at approximately $6,761,000. Russell Investments Group Ltd. increased its stake in Warrior Met Coal by 29.0% during the first quarter. Russell Investments Group Ltd. now owns 90,067 shares of the company’s stock worth $4,298,000 after acquiring an additional 20,235 shares during the last quarter. Raymond James Financial Inc. raised its position in Warrior Met Coal by 9.1% in the first quarter. Raymond James Financial Inc. now owns 91,603 shares of the company’s stock valued at $4,371,000 after purchasing an additional 7,649 shares during the period. Wellington Management Group LLP raised its position in Warrior Met Coal by 45.9% in the first quarter. Wellington Management Group LLP now owns 177,574 shares of the company’s stock valued at $8,474,000 after purchasing an additional 55,904 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its stake in shares of Warrior Met Coal by 18.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,361,627 shares of the company’s stock valued at $112,697,000 after purchasing an additional 367,326 shares during the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

About Warrior Met Coal

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.