Warrior Met Coal (NYSE:HCC) Reaches New 12-Month High – Still a Buy?
by Teresa Graham · The Cerbat GemWarrior Met Coal (NYSE:HCC – Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $90.38 and last traded at $89.3520, with a volume of 446049 shares. The stock had previously closed at $89.19.
Wall Street Analysts Forecast Growth
HCC has been the subject of several recent analyst reports. B. Riley reaffirmed a “buy” rating on shares of Warrior Met Coal in a research report on Thursday, November 6th. Wall Street Zen raised Warrior Met Coal from a “sell” rating to a “hold” rating in a research note on Saturday, October 11th. UBS Group lifted their target price on Warrior Met Coal from $80.00 to $86.00 and gave the company a “neutral” rating in a research note on Friday, December 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Warrior Met Coal in a report on Wednesday, October 8th. Finally, BMO Capital Markets increased their price target on shares of Warrior Met Coal from $65.00 to $72.00 and gave the stock a “market perform” rating in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Warrior Met Coal presently has a consensus rating of “Moderate Buy” and an average price target of $74.25.
View Our Latest Stock Report on HCC
Warrior Met Coal Trading Up 0.2%
The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 133.36 and a beta of 0.68. The company has a fifty day moving average price of $77.76 and a 200-day moving average price of $64.15. The company has a current ratio of 4.13, a quick ratio of 3.00 and a debt-to-equity ratio of 0.12.
Warrior Met Coal (NYSE:HCC – Get Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.91. The firm had revenue of $328.59 million for the quarter, compared to analyst estimates of $302.51 million. Warrior Met Coal had a net margin of 2.87% and a return on equity of 2.01%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 earnings per share. On average, equities research analysts predict that Warrior Met Coal will post 4.86 EPS for the current year.
Warrior Met Coal Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, November 7th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, November 7th. Warrior Met Coal’s payout ratio is presently 47.76%.
Insider Buying and Selling
In other Warrior Met Coal news, CEO Walter J. Scheller sold 18,966 shares of the stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $75.00, for a total transaction of $1,422,450.00. Following the transaction, the chief executive officer directly owned 394,183 shares of the company’s stock, valued at $29,563,725. This represents a 4.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.10% of the stock is owned by insiders.
Institutional Trading of Warrior Met Coal
Several large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. raised its stake in shares of Warrior Met Coal by 9.1% in the 1st quarter. Raymond James Financial Inc. now owns 91,603 shares of the company’s stock valued at $4,371,000 after acquiring an additional 7,649 shares in the last quarter. Comerica Bank grew its holdings in Warrior Met Coal by 29.8% during the first quarter. Comerica Bank now owns 27,009 shares of the company’s stock valued at $1,289,000 after purchasing an additional 6,197 shares during the last quarter. Magnetar Financial LLC grew its holdings in Warrior Met Coal by 87.3% during the first quarter. Magnetar Financial LLC now owns 11,151 shares of the company’s stock valued at $532,000 after purchasing an additional 5,199 shares during the last quarter. L1 Capital Pty Ltd bought a new position in shares of Warrior Met Coal in the first quarter valued at approximately $34,278,000. Finally, Adage Capital Partners GP L.L.C. lifted its stake in shares of Warrior Met Coal by 412.5% in the first quarter. Adage Capital Partners GP L.L.C. now owns 820,000 shares of the company’s stock worth $39,130,000 after buying an additional 660,000 shares during the last quarter. Institutional investors own 92.28% of the company’s stock.
About Warrior Met Coal
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.