Warrior Met Coal (NYSE:HCC) Sets New 52-Week High – Here’s What Happened

Shares of Warrior Met Coal (NYSE:HCC) reached a new 52-week high during trading 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 research firms have issued reports on HCC. 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. Citigroup reissued a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. B. Riley Financial lifted their target price on Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. UBS Group cut their target price on Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Finally, Zacks Research downgraded 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 given a Hold rating to the company. According to data from MarketBeat.com, Warrior Met Coal currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.60.

Warrior Met Coal Stock Up 0.9%

The business’s 50 day moving average is $86.37 and its 200 day moving average is $88.39. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.79 and a current ratio of 3.93. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 25.89 and a beta of 0.65.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.65 earnings per share for the quarter, topping 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 firm had revenue of $509.69 million for the quarter, compared to analysts’ expectations of $488.46 million. During the same period in the previous year, the company posted $0.11 EPS. The company’s quarterly revenue was up 71.3% compared to the same quarter last year. Equities analysts expect that Warrior Met Coal will post 5.74 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

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

Insider Activity at Warrior Met Coal

In other Warrior Met Coal news, insider Kelli K. Gant sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the completion of the sale, the insider directly owned 67,775 shares in the company, valued at approximately $7,455,250. This trade represents a 22.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Walter J. Scheller sold 50,000 shares of Warrior Met Coal stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $105.00, for a total value of $5,250,000.00. Following the transaction, the chief executive officer directly owned 317,793 shares in the company, valued at approximately $33,368,265. This trade represents a 13.59% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 74,800 shares of company stock valued at $7,950,304. Company insiders own 2.10% of the company’s stock.

Institutional Trading of Warrior Met Coal

A number of hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System grew its position in Warrior Met Coal by 7,946.6% during the second quarter. California State Teachers Retirement System now owns 4,949,461 shares of the company’s stock valued at $401,698,000 after purchasing an additional 4,887,951 shares in the last quarter. NWF Advisory Services Inc. lifted its position in Warrior Met Coal by 4.7% in the 2nd quarter. NWF Advisory Services Inc. now owns 93,355 shares of the company’s stock worth $7,577,000 after buying an additional 4,150 shares in the last quarter. Nykredit A S purchased a new stake in Warrior Met Coal in the 2nd quarter worth approximately $50,000. Maple Rock Capital Partners Inc. boosted its stake in shares of Warrior Met Coal by 77.2% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 253,559 shares of the company’s stock valued at $20,579,000 after buying an additional 110,500 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Warrior Met Coal during the 2nd quarter valued at $863,000. 92.28% of the stock is owned by hedge funds and other institutional investors.

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.