Warrior Met Coal (NYSE:HCC) Sets New 12-Month High – Should You Buy?

Warrior Met Coal (NYSE:HCC) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $111.41 and last traded at $111.1340, with a volume of 73712 shares trading hands. The stock had previously closed at $106.23.

Analyst Upgrades and Downgrades

HCC has been the subject of several analyst reports. Zacks Research cut Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Citigroup reaffirmed a “buy” rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. Wall Street Zen upgraded Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. B. Riley Financial boosted their price objective on Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Finally, Weiss Ratings upgraded shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $102.60.

Warrior Met Coal Trading Down 5.1%

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 company’s 50-day moving average price is $89.36 and its 200-day moving average price is $89.50. The firm has a market capitalization of $5.44 billion, a PE ratio of 24.76 and a beta of 0.67.

Warrior Met Coal (NYSE:HCC) last posted its earnings results 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 return on equity of 10.02% and a net margin of 13.05%.The firm had revenue of $509.69 million for the quarter, compared to analyst estimates of $488.46 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. Warrior Met Coal’s revenue for the quarter was up 71.3% compared to the same quarter last year. On average, sell-side 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 disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were issued a $0.08 dividend. 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 dividend payout ratio is presently 7.69%.

Insider Transactions at Warrior Met Coal

In other news, CEO Walter J. Scheller sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $105.00, for a total transaction of $5,250,000.00. Following the sale, the chief executive officer owned 317,793 shares of the company’s stock, valued at approximately $33,368,265. This trade represents a 13.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen Williams sold 4,800 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total value of $500,304.00. Following the sale, the director owned 30,303 shares of the company’s stock, valued at approximately $3,158,481.69. The trade was a 13.67% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 104,800 shares of company stock worth $11,250,304. Company insiders own 2.10% of the company’s stock.

Institutional Trading of Warrior Met Coal

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