Warrior Met Coal (NYSE:HCC) Hits New 12-Month High – Time to Buy?

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

Wall Street Analysts Forecast Growth

HCC has been the topic of several research analyst reports. UBS Group cut their price objective on Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. B. Riley Financial lifted their target price on Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Citigroup reiterated a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. Weiss Ratings raised shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Finally, Zacks Research lowered shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold 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 $102.60.

Warrior Met Coal Trading Up 3.3%

The company’s fifty day moving average is $88.50 and its two-hundred day moving average is $89.22. The stock has a market cap of $5.80 billion, a price-to-earnings ratio of 26.36 and a beta of 0.65. The company has a quick ratio of 2.79, a current ratio of 3.93 and a debt-to-equity ratio of 0.10.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.40 by $0.25. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The company had revenue of $509.69 million during the quarter, compared to analysts’ expectations of $488.46 million. During the same quarter in the previous year, the business posted $0.11 EPS. The firm’s revenue was up 71.3% on a year-over-year basis. On average, research analysts predict that Warrior Met Coal will post 5.74 EPS 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. Investors of record on Monday, August 10th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Warrior Met Coal’s dividend payout ratio is 7.69%.

Insider Transactions at Warrior Met Coal

In other news, Director Stephen D. Williams sold 4,800 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total transaction of $500,304.00. Following the completion of the transaction, the director directly owned 30,303 shares of the company’s stock, valued at approximately $3,158,481.69. This represents a 13.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Walter J. Scheller sold 50,000 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $110.00, for a total value of $5,500,000.00. Following the completion of the transaction, the chief executive officer owned 267,793 shares in the company, valued at approximately $29,457,230. The trade was a 15.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 104,800 shares of company stock valued at $11,250,304 over the last ninety days. 2.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Warrior Met Coal

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Warrior Met Coal in the 2nd quarter valued at about $606,503,000. California State Teachers Retirement System grew its stake in Warrior Met Coal by 7,946.6% during the 2nd quarter. California State Teachers Retirement System now owns 4,949,461 shares of the company’s stock worth $401,698,000 after buying an additional 4,887,951 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its position in Warrior Met Coal by 130.4% during the second quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock worth $86,574,000 after buying an additional 1,069,025 shares during the period. UBS Group AG increased its position in Warrior Met Coal by 219.2% during the third quarter. UBS Group AG now owns 1,554,071 shares of the company’s stock worth $98,901,000 after buying an additional 1,067,247 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Warrior Met Coal by 2,821,294.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 987,488 shares of the company’s stock valued at $87,067,000 after buying an additional 987,453 shares during the last quarter. 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.