Foster & Motley Inc. Acquires Shares of 10,214 Warrior Met Coal $HCC

Foster & Motley Inc. bought a new stake in Warrior Met Coal (NYSE:HCC) during the 2nd quarter, HoldingsChannel reports. The fund bought 10,214 shares of the company’s stock, valued at approximately $829,000.

Other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new stake in Warrior Met Coal in the 2nd quarter worth about $37,000. BlackRock Inc. bought a new position in shares of Warrior Met Coal during the second quarter valued at approximately $606,503,000. Deutsche Bank AG purchased a new stake in shares of Warrior Met Coal in the second quarter worth approximately $10,641,000. Ashoka WhiteOak Capital Pte Ltd purchased a new stake in shares of Warrior Met Coal in the second quarter worth approximately $11,394,000. Finally, Global Retirement Partners LLC bought a new stake in shares of Warrior Met Coal during the 2nd quarter worth approximately $68,000. Institutional investors own 92.28% of the company’s stock.

Insider Activity at Warrior Met Coal

In related news, insider Kelli K. Gant sold 20,000 shares of Warrior Met Coal stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the transaction, the insider owned 67,775 shares in the company, valued at $7,455,250. The trade was a 22.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is owned by company insiders.

Warrior Met Coal Stock Performance

HCC opened at $105.08 on Thursday. The company has a current ratio of 3.93, a quick ratio of 2.79 and a debt-to-equity ratio of 0.10. Warrior Met Coal has a 12-month low of $54.66 and a 12-month high of $110.39. The firm has a 50 day moving average of $86.02 and a two-hundred day moving average of $88.17. The firm has a market capitalization of $5.55 billion, a PE ratio of 25.26 and a beta of 0.65.

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

Warrior Met Coal Announces Dividend

The company also recently declared 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. This represents a $0.32 annualized dividend and a yield of 0.3%. The ex-dividend date was Monday, August 10th. Warrior Met Coal’s dividend payout ratio (DPR) is currently 7.69%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Zacks Research cut Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. UBS Group decreased their price objective on Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, Citigroup reaffirmed a “buy” rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $102.60.

Warrior Met Coal 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.