Warrior Met Coal (NYSE:HCC) Reaches New 1-Year High – Here’s What Happened

Warrior Met Coal (NYSE:HCC) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $86.48 and last traded at $85.4180, with a volume of 80505 shares trading hands. The stock had previously closed at $84.90.

Wall Street Analysts Forecast Growth

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

Warrior Met Coal Price Performance

The stock’s 50 day simple moving average is $74.19 and its 200-day simple moving average is $61.73. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 126.23 and a beta of 0.69. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.00 and a current ratio of 4.13.

Warrior Met Coal (NYSE:HCC) last announced 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 firm had revenue of $328.59 million for the quarter, compared to analyst estimates of $302.51 million. Warrior Met Coal had a net margin of 2.87% and a return on equity of 2.01%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 earnings per share. Equities research analysts anticipate that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

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

Insiders Place Their Bets

In other Warrior Met Coal news, CEO Walter J. Scheller sold 18,966 shares of Warrior Met Coal 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 directly owned 394,183 shares in the company, valued at approximately $29,563,725. The trade was a 4.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Warrior Met Coal

Several large investors have recently made changes to their positions in HCC. L1 Capital Pty Ltd grew its position in Warrior Met Coal by 175.8% during the second quarter. L1 Capital Pty Ltd now owns 1,981,045 shares of the company’s stock valued at $90,791,000 after buying an additional 1,262,736 shares during the period. Adage Capital Partners GP L.L.C. boosted its stake in shares of 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 in the last quarter. UBS Group AG grew its position in shares of Warrior Met Coal by 219.2% during the 3rd quarter. UBS Group AG now owns 1,554,071 shares of the company’s stock valued at $98,901,000 after acquiring an additional 1,067,247 shares during the period. State Street Corp increased its stake in shares of Warrior Met Coal by 25.2% in the 2nd quarter. State Street Corp now owns 4,099,070 shares of the company’s stock valued at $187,860,000 after purchasing an additional 825,807 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its holdings in Warrior Met Coal by 18.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,361,627 shares of the company’s stock worth $112,697,000 after purchasing an additional 367,326 shares during the period. 92.28% of the stock is currently owned by institutional investors and hedge funds.

About Warrior Met Coal

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.