Foster & Motley Inc. Invests $829,000 in Warrior Met Coal $HCC

Foster & Motley Inc. purchased a new position in Warrior Met Coal (NYSE:HCC) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,214 shares of the company’s stock, valued at approximately $829,000.

Several other institutional investors have also recently made changes to their positions in the stock. Meeder Asset Management Inc. purchased a new position in Warrior Met Coal during the fourth quarter valued at approximately $31,000. Parallel Advisors LLC lifted its stake in shares of Warrior Met Coal by 272.1% during the 4th quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock valued at $36,000 after buying an additional 302 shares in the last quarter. IFP Advisors Inc bought a new position in Warrior Met Coal in the 4th quarter worth $37,000. EverSource Wealth Advisors LLC boosted its holdings in Warrior Met Coal by 217.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after buying an additional 467 shares during the period. Finally, Bayforest Capital Ltd purchased a new stake in Warrior Met Coal in the 4th quarter worth $63,000. Institutional investors own 92.28% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In related news, insider Kelli K. Gant sold 20,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the transaction, the insider owned 67,775 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Warrior Met Coal Price Performance

NYSE:HCC opened at $105.08 on Thursday. The company has a current ratio of 3.93, a quick ratio of 2.79 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $5.55 billion, a P/E ratio of 25.26 and a beta of 0.65. Warrior Met Coal has a 12 month low of $54.66 and a 12 month high of $110.39. The business’s 50-day moving average is $86.02 and its 200 day moving average is $88.17.

Warrior Met Coal (NYSE:HCC) last announced its quarterly 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. The company had revenue of $509.69 million for the quarter, compared to analysts’ expectations of $488.46 million. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. Warrior Met Coal’s quarterly revenue was up 71.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.11 earnings per share. On average, equities research analysts forecast that Warrior Met Coal will post 5.74 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The firm also recently announced 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 payout ratio is 7.69%.

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.