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

Warrior Met Coal (NYSE:HCC)’s share price hit a new 52-week high on Thursday . The company traded as high as $86.48 and last traded at $85.4180, with a volume of 80505 shares traded. The stock had previously closed at $84.90.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HCC shares. UBS Group raised their target price on Warrior Met Coal from $80.00 to $86.00 and gave the company a “neutral” rating in a report on Friday, December 12th. B. Riley reaffirmed a “buy” rating on shares of Warrior Met Coal in a research note on Thursday, November 6th. Wall Street Zen raised Warrior Met Coal from a “sell” rating to a “hold” rating in a research note on Saturday, October 11th. Zacks Research upgraded shares of Warrior Met Coal from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Warrior Met Coal in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $74.25.

Warrior Met Coal Stock Performance

The company’s 50-day simple moving average is $75.07 and its 200-day simple moving average is $62.19. The stock has a market capitalization of $4.60 billion, a price-to-earnings ratio of 130.63 and a beta of 0.69. The company has a current ratio of 4.13, a quick ratio of 3.00 and a debt-to-equity ratio of 0.12.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 2.01% and a net margin of 2.87%.Warrior Met Coal’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 earnings per share. On average, analysts expect that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

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

Insider Buying and Selling

In other Warrior Met Coal news, CEO Walter J. Scheller sold 18,966 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $75.00, for a total transaction of $1,422,450.00. Following the completion of the sale, the chief executive officer owned 394,183 shares of the company’s stock, valued at approximately $29,563,725. This represents a 4.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Warrior Met Coal

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in Warrior Met Coal by 12.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,559 shares of the company’s stock worth $99,000 after acquiring an additional 168 shares during the period. Arizona State Retirement System boosted its position in shares of Warrior Met Coal by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 15,552 shares of the company’s stock valued at $990,000 after purchasing an additional 213 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Warrior Met Coal by 3.2% during the third quarter. Nisa Investment Advisors LLC now owns 7,046 shares of the company’s stock worth $448,000 after purchasing an additional 216 shares during the period. GAMMA Investing LLC grew its stake in Warrior Met Coal by 23.1% during the second quarter. GAMMA Investing LLC now owns 1,346 shares of the company’s stock worth $62,000 after purchasing an additional 253 shares during the period. Finally, SummerHaven Investment Management LLC increased its holdings in Warrior Met Coal by 2.5% in the second quarter. SummerHaven Investment Management LLC now owns 11,639 shares of the company’s stock worth $533,000 after purchasing an additional 289 shares in the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

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.