384,435 Shares in Warrior Met Coal $HCC Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp bought a new stake in Warrior Met Coal (NYSE:HCC - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 384,435 shares of the company's stock, valued at approximately $31,201,000. Bank of New York Mellon Corp owned 0.73% of Warrior Met Coal at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Meeder Asset Management Inc. bought a new position in Warrior Met Coal in the 4th quarter valued at about $31,000. EverSource Wealth Advisors LLC increased its stake in shares of Warrior Met Coal by 217.2% during the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company's stock valued at $31,000 after acquiring an additional 467 shares during the period. Parallel Advisors LLC increased its stake in shares of Warrior Met Coal by 272.1% during the fourth quarter. Parallel Advisors LLC now owns 413 shares of the company's stock valued at $36,000 after acquiring an additional 302 shares during the period. IFP Advisors Inc acquired a new position in shares of Warrior Met Coal during the fourth quarter valued at approximately $37,000. Finally, Global Retirement Partners LLC raised its holdings in Warrior Met Coal by 3,281.8% during the fourth quarter. Global Retirement Partners LLC now owns 744 shares of the company's stock worth $66,000 after purchasing an additional 722 shares in the last quarter. Institutional investors own 92.28% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HCC shares. Weiss Ratings raised Warrior Met Coal from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. UBS Group lowered their price objective 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, August 6th. B. Riley Financial boosted their target price on shares of Warrior Met Coal from $117.00 to $123.00 and gave the stock a "buy" rating in a report on Wednesday, June 10th. 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. Finally, Wall Street Zen raised Warrior Met Coal from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Four 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 company has a consensus rating of "Moderate Buy" and an average target price of $102.60.

Insider Activity

In related news, CEO Walter J. Scheller sold 50,000 shares of Warrior Met Coal stock in a transaction on 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 transaction, the chief executive officer owned 267,793 shares in the company, valued at $29,457,230. This trade represents a 15.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kelli K. Gant sold 20,000 shares of Warrior Met Coal 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 completion of the transaction, the insider owned 67,775 shares in the company, valued at $7,455,250. The trade was a 22.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 124,800 shares of company stock valued at $13,450,304 over the last 90 days. 2.10% of the stock is currently owned by company insiders.

Warrior Met Coal Stock Performance

HCC stock opened at $107.02 on Friday. Warrior Met Coal has a 52 week low of $54.66 and a 52 week high of $111.20. 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 stock has a market cap of $5.65 billion, a P/E ratio of 25.73 and a beta of 0.65. The firm has a 50 day simple moving average of $87.70 and a 200 day simple moving average of $89.02.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, beating analysts' consensus estimates of $1.40 by $0.25. The firm had revenue of $509.69 million for the quarter, compared to the consensus estimate of $488.46 million. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%.The business's quarterly revenue was up 71.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 earnings per share. Research analysts anticipate that Warrior Met Coal will post 5.74 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were given a $0.08 dividend. The ex-dividend date of this dividend 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 (DPR) is currently 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.

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