BlackRock Inc. Acquires Shares of 7,472,934 Warrior Met Coal $HCC

Key Points

• BlackRock acquired 7.47 million Warrior Met Coal shares worth approximately $606.5 million, giving it a 14.15% stake. Institutional investors collectively own 92.28% of HCC.
• Warrior Met Coal reported better-than-expected quarterly results, with EPS of $1.65 versus the $1.40 consensus and revenue of $509.69 million, up 71.3% year over year.
• Analysts maintain a “Moderate Buy” consensus rating with a $102.60 average price target, while the company pays a quarterly dividend of $0.08, representing a 0.3% yield.

BlackRock Inc. acquired a new stake in shares of Warrior Met Coal (NYSE:HCC - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,472,934 shares of the company's stock, valued at approximately $606,503,000. BlackRock Inc. owned about 14.15% of Warrior Met Coal at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of HCC. Deutsche Bank AG purchased a new position in Warrior Met Coal during the 2nd quarter valued at about $10,641,000. Ashoka WhiteOak Capital Pte Ltd purchased a new stake in Warrior Met Coal in the 2nd quarter worth approximately $11,394,000. Global Retirement Partners LLC purchased a new stake in Warrior Met Coal in the 2nd quarter worth approximately $68,000. Bank of New York Mellon Corp bought a new stake in shares of Warrior Met Coal in the 2nd quarter worth approximately $31,201,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Warrior Met Coal in the 2nd quarter worth approximately $1,131,000. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HCC. Wall Street Zen upgraded Warrior Met Coal from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. UBS Group cut 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 report on Thursday, August 6th. Citigroup reissued a "buy" rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. Zacks Research lowered shares of Warrior Met Coal from a "strong-buy" rating to a "hold" rating in a report on Friday, August 7th. Finally, B. Riley Financial raised their target price on shares of Warrior Met Coal from $117.00 to $123.00 and gave the stock a "buy" rating in a research report on Wednesday, June 10th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $102.60.

Warrior Met Coal Stock Down 0.0%

HCC stock opened at $106.68 on Monday. Warrior Met Coal has a fifty-two week low of $54.66 and a fifty-two week high of $110.39. The business's 50 day moving average price is $86.37 and its two-hundred day moving average price is $88.39. 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 company has a market capitalization of $5.63 billion, a price-to-earnings ratio of 25.64 and a beta of 0.65.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released 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. 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 during the quarter, compared to analysts' expectations of $488.46 million. During the same quarter last year, the business posted $0.11 EPS. The firm's revenue for the quarter was up 71.3% compared to the same quarter last year. As a group, analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders 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 yield of 0.3%. Warrior Met Coal's dividend payout ratio is 7.69%.

Insider Buying and Selling at Warrior Met Coal

In other news, insider Kelli K. Gant sold 20,000 shares of the business's stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the sale, the insider owned 67,775 shares in the company, valued at approximately $7,455,250. The trade was a 22.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 sale, the director directly owned 30,303 shares in the company, valued at $3,158,481.69. This represents a 13.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 74,800 shares of company stock valued at $7,950,304. 2.10% of the stock is currently owned by company insiders.

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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