Canada Pension Plan Investment Board Purchases Shares of 79,500 Warrior Met Coal $HCC

Canada Pension Plan Investment Board acquired a new position in shares of Warrior Met Coal (NYSE:HCC - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 79,500 shares of the company's stock, valued at approximately $6,452,000. Canada Pension Plan Investment Board owned 0.15% of Warrior Met Coal as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new position in shares of Warrior Met Coal during the 4th quarter valued at $31,000. Quantbot Technologies LP acquired a new stake in Warrior Met Coal in the 2nd quarter valued at $31,000. Parallel Advisors LLC increased its holdings in Warrior Met Coal by 272.1% in the 4th quarter. Parallel Advisors LLC now owns 413 shares of the company's stock valued at $36,000 after purchasing an additional 302 shares in the last quarter. IFP Advisors Inc purchased a new position in Warrior Met Coal in the fourth quarter valued at about $37,000. Finally, Allworth Financial LP purchased a new position in Warrior Met Coal in the second quarter valued at about $39,000. Institutional investors and hedge funds own 92.28% of the company's stock.

Warrior Met Coal Price Performance

Shares of NYSE HCC opened at $107.02 on Friday. 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 has a fifty-two week low of $54.66 and a fifty-two week high of $111.20. The business has a 50 day moving average price of $87.70 and a two-hundred day moving average price of $89.02. The firm has a market cap of $5.65 billion, a PE ratio of 25.73 and a beta of 0.65.

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

Warrior Met Coal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 10th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Warrior Met Coal's payout ratio is 7.69%.

Insider Buying and Selling

In related news, Director Stephen D. Williams sold 4,800 shares of the company's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $104.23, for a total value of $500,304.00. Following the sale, the director directly owned 30,303 shares of the company's stock, valued at $3,158,481.69. This represents a 13.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kelli K. Gant sold 20,000 shares of the 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 transaction, the insider owned 67,775 shares in the company, valued at $7,455,250. This trade represents a 22.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 124,800 shares of company stock worth $13,450,304. Insiders own 2.10% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on HCC. Wall Street Zen raised Warrior Met Coal from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. UBS Group reduced their price target on Warrior Met Coal from $100.00 to $98.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. 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 report on Wednesday, June 10th. Zacks Research downgraded shares of Warrior Met Coal from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded shares of Warrior Met Coal from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Warrior Met Coal has an average rating of "Moderate Buy" and an average target price of $102.60.

Warrior Met Coal 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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