Warrior Met Coal (NYSE:HCC) Hits New 52-Week High – Should You Buy?

Warrior Met Coal (NYSE:HCC) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $100.25 and last traded at $97.7010, with a volume of 77165 shares trading hands. The stock had previously closed at $96.97.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HCC shares. Zacks Research lowered shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. UBS Group raised their price target on Warrior Met Coal from $80.00 to $86.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. B. Riley reiterated a “buy” rating on shares of Warrior Met Coal in a research report on Thursday, November 6th. Wall Street Zen upgraded Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Warrior Met Coal in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Warrior Met Coal presently has a consensus rating of “Hold” and an average price target of $77.33.

Warrior Met Coal Stock Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.00 and a current ratio of 4.13. The stock has a market cap of $5.29 billion, a PE ratio of 150.15 and a beta of 0.63. The company’s 50-day moving average price is $83.89 and its two-hundred day moving average price is $67.88.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, November 5th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.91. Warrior Met Coal had a return on equity of 2.01% and a net margin of 2.87%.The business had revenue of $328.59 million for the quarter, compared to analysts’ expectations of $302.51 million. During the same quarter in the prior year, the firm earned $0.80 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. On average, equities research analysts forecast that Warrior Met Coal will post 4.86 EPS for the current 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 dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, November 7th. Warrior Met Coal’s dividend payout ratio (DPR) is currently 47.76%.

Insider Activity at Warrior Met Coal

In other Warrior Met Coal news, CEO Walter J. Scheller sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $100.31, for a total value of $10,031,000.00. Following the completion of the sale, the chief executive officer owned 294,183 shares of the company’s stock, valued at $29,509,496.73. This represents a 25.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kelli K. Gant sold 10,000 shares of Warrior Met Coal stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $100.00, for a total transaction of $1,000,000.00. Following the transaction, the insider directly owned 70,580 shares in the company, valued at $7,058,000. This trade represents a 12.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 128,966 shares of company stock valued at $12,453,450. 2.10% of the stock is owned by insiders.

Institutional Trading of Warrior Met Coal

Several hedge funds have recently added to or reduced their stakes in the business. State Street Corp grew its stake 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 boosted its holdings in Warrior Met Coal by 175.8% during the 2nd quarter. L1 Capital Pty Ltd now owns 1,981,045 shares of the company’s stock valued at $90,791,000 after acquiring an additional 1,262,736 shares during the period. American Century Companies Inc. boosted its holdings in Warrior Met Coal by 1.2% during the 2nd quarter. American Century Companies Inc. now owns 1,920,940 shares of the company’s stock valued at $88,037,000 after acquiring an additional 23,698 shares during the period. Adage Capital Partners GP L.L.C. grew its position 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 worth $86,574,000 after acquiring an additional 1,069,025 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Warrior Met Coal by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,833,578 shares of the company’s stock worth $116,687,000 after purchasing an additional 5,077 shares during the period. 92.28% of the stock is owned by institutional investors.

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.