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

Warrior Met Coal (NYSE:HCC)’s share price reached a new 52-week high on Wednesday . The company traded as high as $89.90 and last traded at $88.7550, with a volume of 14358 shares. The stock had previously closed at $89.20.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HCC shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Warrior Met Coal in a research note on Wednesday, October 8th. BMO Capital Markets boosted their price target on shares of Warrior Met Coal from $65.00 to $72.00 and gave the company a “market perform” rating in a research report on Thursday, November 6th. UBS Group lifted their price objective on Warrior Met Coal from $80.00 to $86.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Wall Street Zen upgraded Warrior Met Coal from a “sell” rating to a “hold” rating in a research note on Saturday, October 11th. Finally, Zacks Research raised Warrior Met Coal from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.25.

Warrior Met Coal Trading Down 0.5%

The stock’s 50 day moving average is $75.92 and its 200-day moving average is $62.98. The company has a market cap of $4.66 billion, a P/E ratio of 132.50 and a beta of 0.69. The company has a current ratio of 4.13, a quick ratio of 3.00 and a debt-to-equity ratio of 0.12.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.91. The business had revenue of $328.59 million during the quarter, compared to analyst estimates of $302.51 million. Warrior Met Coal had a net margin of 2.87% and a return on equity of 2.01%. Warrior Met Coal’s revenue was up .3% compared to the same quarter last year. During the same period last year, the business earned $0.80 EPS. Research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, November 7th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Friday, November 7th. Warrior Met Coal’s payout ratio is presently 47.76%.

Insider Transactions at Warrior Met Coal

In other Warrior Met Coal news, CEO Walter J. Scheller sold 18,966 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $75.00, for a total transaction of $1,422,450.00. Following 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. State Street Corp boosted its position in shares of Warrior Met Coal by 25.2% during the second quarter. State Street Corp now owns 4,099,070 shares of the company’s stock valued at $187,860,000 after buying an additional 825,807 shares during the last quarter. L1 Capital Pty Ltd raised its position in Warrior Met Coal by 175.8% in the 2nd quarter. L1 Capital Pty Ltd now owns 1,981,045 shares of the company’s stock worth $90,791,000 after buying an additional 1,262,736 shares during the last quarter. American Century Companies Inc. raised its position in Warrior Met Coal by 1.2% in the 2nd quarter. American Century Companies Inc. now owns 1,920,940 shares of the company’s stock worth $88,037,000 after buying an additional 23,698 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its stake in Warrior Met Coal by 130.4% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock valued at $86,574,000 after acquiring an additional 1,069,025 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Warrior Met Coal by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,833,578 shares of the company’s stock valued at $116,687,000 after acquiring an additional 5,077 shares during the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Company Profile

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.