Warrior Met Coal (NYSE:HCC) Hits New 1-Year High – What’s Next?

Warrior Met Coal (NYSE:HCC)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $91.34 and last traded at $90.5060, with a volume of 61051 shares changing hands. The stock had previously closed at $89.55.

Wall Street Analysts Forecast Growth

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

Warrior Met Coal Trading Down 0.1%

The company has a market cap of $4.70 billion, a price-to-earnings ratio of 133.58 and a beta of 0.63. The firm has a fifty day moving average price of $79.77 and a 200 day moving average price of $65.33. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.00 and a current ratio of 4.13.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, November 5th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.91. The business had revenue of $328.59 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $0.80 EPS. As a group, equities analysts predict that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

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

Insider Activity at Warrior Met Coal

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

Institutional Investors Weigh In On Warrior Met Coal

A number of institutional investors have recently made changes to their positions in HCC. L1 Capital Pty Ltd grew its holdings 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 valued at $90,791,000 after buying an additional 1,262,736 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its stake in shares of Warrior Met Coal by 130.4% in the second 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 in the last quarter. UBS Group AG raised its stake in Warrior Met Coal by 219.2% in the 3rd quarter. UBS Group AG now owns 1,554,071 shares of the company’s stock worth $98,901,000 after purchasing an additional 1,067,247 shares in the last quarter. State Street Corp boosted its holdings in Warrior Met Coal by 25.2% in the 2nd quarter. State Street Corp now owns 4,099,070 shares of the company’s stock valued at $187,860,000 after purchasing an additional 825,807 shares during the period. Finally, Maple Rock Capital Partners Inc. grew its position in shares of Warrior Met Coal by 31.4% during the 3rd quarter. Maple Rock Capital Partners Inc. now owns 1,461,738 shares of the company’s stock worth $93,025,000 after purchasing an additional 349,400 shares in the last quarter. Institutional investors own 92.28% of the company’s stock.

About Warrior Met Coal

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.