Warrior Met Coal (NYSE:HCC) Reaches New 52-Week High – What’s Next?

Warrior Met Coal (NYSE:HCC)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $111.41 and last traded at $111.1340, with a volume of 73712 shares changing hands. The stock had previously closed at $106.23.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Citigroup reaffirmed a “buy” rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. B. Riley Financial boosted their price target on Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Weiss Ratings raised Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. UBS Group lowered their target price on Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Finally, Zacks Research lowered Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $102.60.

Warrior Met Coal Price Performance

The company has a market cap of $5.80 billion, a price-to-earnings ratio of 26.36 and a beta of 0.65. The company has a 50-day simple moving average of $88.50 and a 200-day simple moving average of $89.22. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.79 and a current ratio of 3.93.

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

Warrior Met Coal Dividend Announcement

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

Insider Buying and Selling at Warrior Met Coal

In related news, Director Stephen D. Williams sold 4,800 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $104.23, for a total value of $500,304.00. Following the completion of the sale, the director owned 30,303 shares in the company, valued at $3,158,481.69. This trade represents a 13.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Walter J. Scheller sold 50,000 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $110.00, for a total transaction of $5,500,000.00. Following the sale, the chief executive officer directly owned 267,793 shares in the company, valued at approximately $29,457,230. This represents a 15.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 104,800 shares of company stock worth $11,250,304 over the last 90 days. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Warrior Met Coal

Several institutional investors have recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in Warrior Met Coal in the 2nd quarter valued at approximately $31,000. Meeder Asset Management Inc. acquired a new position in shares of Warrior Met Coal during the 4th quarter worth $31,000. EverSource Wealth Advisors LLC boosted its position in shares of Warrior Met Coal by 217.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after buying an additional 467 shares in the last quarter. Parallel Advisors LLC grew its stake in Warrior Met Coal by 272.1% in the 4th quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock valued at $36,000 after acquiring an additional 302 shares during the last quarter. Finally, IFP Advisors Inc purchased a new position in Warrior Met Coal during the 4th quarter valued at about $37,000. Hedge funds and other 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.