Warrior Met Coal (NYSE:HCC) Sets New 12-Month High – Here’s Why

Warrior Met Coal (NYSE:HCC)’s stock price reached a new 52-week high on Monday . The stock traded as high as $110.50 and last traded at $110.1960, with a volume of 119510 shares trading hands. The stock had previously closed at $106.73.

Analyst Upgrades and Downgrades

Several brokerages have commented on HCC. UBS Group lowered their target price on Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Zacks Research downgraded shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Citigroup reaffirmed a “buy” rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. Finally, Weiss Ratings upgraded shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.60.

Warrior Met Coal Price Performance

The firm has a market cap of $5.56 billion, a P/E ratio of 25.29 and a beta of 0.65. The company has a current ratio of 3.93, a quick ratio of 2.79 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average of $86.82 and a two-hundred day moving average of $88.63.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.40 by $0.25. The firm had revenue of $509.69 million during the quarter, compared to the consensus estimate of $488.46 million. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%.The business’s quarterly revenue was up 71.3% on a year-over-year basis. During the same period last year, the company earned $0.11 earnings per share. On average, sell-side analysts anticipate that Warrior Met Coal will post 5.74 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 10th were given a dividend of $0.08 per share. The ex-dividend date was Monday, August 10th. This represents a $0.32 annualized dividend and a yield of 0.3%. Warrior Met Coal’s dividend payout ratio (DPR) is currently 7.69%.

Insider Buying and Selling

In other news, CEO Walter J. Scheller sold 50,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $105.00, for a total transaction of $5,250,000.00. Following the completion of the transaction, the chief executive officer owned 317,793 shares of the company’s stock, valued at approximately $33,368,265. This trade represents a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kelli K. Gant sold 20,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the transaction, the insider directly owned 67,775 shares of the company’s stock, valued at $7,455,250. The trade was a 22.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 74,800 shares of company stock worth $7,950,304 in the last ninety days. Company insiders own 2.10% of the company’s stock.

Institutional Trading of Warrior Met Coal

A number of institutional investors and hedge funds have recently bought and sold shares of HCC. Quantbot Technologies LP bought a new stake in shares of Warrior Met Coal in the 2nd quarter valued at about $31,000. Meeder Asset Management Inc. acquired a new stake in shares of Warrior Met Coal in the fourth quarter valued at about $31,000. EverSource Wealth Advisors LLC raised its position in shares of Warrior Met Coal by 217.2% during the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after acquiring an additional 467 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Warrior Met Coal by 272.1% during the fourth quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock worth $36,000 after acquiring an additional 302 shares during the last quarter. Finally, IFP Advisors Inc acquired a new position in shares of Warrior Met Coal in the fourth quarter worth approximately $37,000. 92.28% of the stock is currently owned by institutional investors and hedge funds.

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.