Warrior Met Coal (NYSE:HCC) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Warrior Met Coal (NYSE:HCC) from a hold rating to a buy rating in a research note published on Saturday.

Other equities research analysts have also recently issued research reports about the company. Zacks Research raised Warrior Met Coal from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, June 29th. B. Riley Financial raised their price objective on shares of Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Weiss Ratings cut shares of Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 30th. Citigroup reissued a “buy” rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. Finally, UBS Group dropped their price target on shares of Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.60.

Warrior Met Coal Stock Performance

Shares of NYSE HCC opened at $92.27 on Friday. The business’s 50-day moving average price is $86.69 and its two-hundred day moving average price is $88.09. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.93 and a quick ratio of 2.42. Warrior Met Coal has a one year low of $54.66 and a one year high of $110.39. The company has a market capitalization of $4.87 billion, a P/E ratio of 22.18 and a beta of 0.65.

Warrior Met Coal (NYSE:HCC) last issued its earnings results 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 return on equity of 10.02% and a net margin of 13.05%.The company had revenue of $509.69 million for the quarter, compared to analyst estimates of $488.46 million. During the same period in the prior year, the firm posted $0.11 EPS. The business’s revenue was up 71.3% compared to the same quarter last year. Analysts anticipate that Warrior Met Coal will post 5.74 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

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

Insider Activity

In other 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 value of $2,200,000.00. Following the sale, the insider directly owned 67,775 shares of the company’s stock, valued at approximately $7,455,250. This trade represents a 22.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Institutional Trading of Warrior Met Coal

Several hedge funds have recently added to or reduced their stakes in HCC. Northwestern Mutual Wealth Management Co. increased its position in Warrior Met Coal by 2,821,294.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 987,488 shares of the company’s stock worth $87,067,000 after buying an additional 987,453 shares during the period. M&T Bank Corp acquired a new position in shares of Warrior Met Coal during the fourth quarter worth approximately $3,045,000. Geode Capital Management LLC boosted its position in shares of Warrior Met Coal by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 1,280,332 shares of the company’s stock valued at $112,912,000 after acquiring an additional 37,057 shares during the period. Hosking Partners LLP boosted its position in shares of Warrior Met Coal by 2.9% in the fourth quarter. Hosking Partners LLP now owns 667,638 shares of the company’s stock valued at $58,866,000 after acquiring an additional 19,030 shares during the period. Finally, Moran Wealth Management LLC grew its stake in shares of Warrior Met Coal by 25.8% in the fourth quarter. Moran Wealth Management LLC now owns 31,132 shares of the company’s stock worth $2,745,000 after acquiring an additional 6,392 shares during the last quarter. 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.