Warrior Met Coal (NYSE:HCC) Reaches New 52-Week High Following Dividend Announcement

Warrior Met Coal, Inc. (NYSE:HCC)’s stock price reached a new 52-week high on Friday following a dividend announcement from the company. The company traded as high as $70.10 and last traded at $69.94, with a volume of 582898 shares. The stock had previously closed at $69.55.

The newly announced dividend which will be paid on Monday, May 13th. Shareholders of record on Monday, May 6th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Friday, May 3rd. Warrior Met Coal’s dividend payout ratio is currently 3.48%.

Analyst Ratings Changes

A number of analysts have issued reports on HCC shares. B. Riley decreased their target price on Warrior Met Coal from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Monday, April 15th. Citigroup raised Warrior Met Coal from a “neutral” rating to a “buy” rating and raised their target price for the stock from $60.00 to $75.00 in a research report on Thursday, April 11th. Finally, UBS Group started coverage on Warrior Met Coal in a research report on Tuesday, January 16th. They issued a “neutral” rating and a $68.00 target price for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Warrior Met Coal currently has an average rating of “Moderate Buy” and a consensus price target of $67.60.

Warrior Met Coal Stock Performance

The company has a market capitalization of $3.67 billion, a PE ratio of 7.62 and a beta of 1.09. The company has a quick ratio of 5.99, a current ratio of 7.24 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average price of $59.83 and a two-hundred day moving average price of $57.99.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $2.49 earnings per share for the quarter, missing the consensus estimate of $3.16 by ($0.67). The company had revenue of $363.80 million during the quarter, compared to analysts’ expectations of $393.04 million. Warrior Met Coal had a net margin of 28.55% and a return on equity of 28.99%. Warrior Met Coal’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.90 earnings per share. Analysts predict that Warrior Met Coal, Inc. will post 6.83 EPS for the current fiscal year.

Insider Activity at Warrior Met Coal

In other Warrior Met Coal news, Director Alan H. Schumacher acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was bought at an average price of $58.15 per share, with a total value of $116,300.00. Following the completion of the purchase, the director now owns 30,270 shares of the company’s stock, valued at $1,760,200.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Warrior Met Coal

Several large investors have recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC boosted its stake in Warrior Met Coal by 1.0% during the fourth quarter. SummerHaven Investment Management LLC now owns 18,938 shares of the company’s stock valued at $1,155,000 after buying an additional 192 shares during the period. Exchange Traded Concepts LLC boosted its stake in Warrior Met Coal by 1.4% during the fourth quarter. Exchange Traded Concepts LLC now owns 19,636 shares of the company’s stock valued at $1,197,000 after buying an additional 279 shares during the period. USA Financial Formulas bought a new stake in Warrior Met Coal during the fourth quarter valued at $25,000. Quadrant Capital Group LLC lifted its stake in Warrior Met Coal by 79.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock worth $61,000 after purchasing an additional 442 shares during the last quarter. Finally, Millburn Ridgefield Corp bought a new stake in Warrior Met Coal during the third quarter worth about $32,000. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Company Profile

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.