State of New Jersey Common Pension Fund D Lowers Stock Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

State of New Jersey Common Pension Fund D lessened its stake in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 28.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,385 shares of the company's stock after selling 18,268 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.09% of Warrior Met Coal worth $2,767,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Millburn Ridgefield Corp bought a new stake in Warrior Met Coal in the 3rd quarter worth approximately $32,000. McGlone Suttner Wealth Management Inc. bought a new stake in Warrior Met Coal in the fourth quarter worth $38,000. Schneider Downs Wealth Management Advisors LP purchased a new stake in Warrior Met Coal during the third quarter valued at $204,000. Kingsview Wealth Management LLC bought a new position in Warrior Met Coal during the third quarter valued at $208,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of Warrior Met Coal in the 3rd quarter worth $224,000. Institutional investors own 92.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on HCC shares. UBS Group initiated coverage on shares of Warrior Met Coal in a report on Tuesday, January 16th. They issued a "neutral" rating and a $68.00 price target for the company. B. Riley dropped their target price on Warrior Met Coal from $89.00 to $87.00 and set a "buy" rating for the company in a report on Monday, April 15th. Finally, Citigroup upgraded Warrior Met Coal from a "neutral" rating to a "buy" rating and increased their price target for the company from $60.00 to $75.00 in a report on Thursday, April 11th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $67.60.

Warrior Met Coal Trading Down 3.6 %

Shares of NYSE:HCC traded down $2.56 during trading hours on Tuesday, hitting $68.35. 796,810 shares of the company's stock traded hands, compared to its average volume of 833,433. The company has a debt-to-equity ratio of 0.10, a current ratio of 7.24 and a quick ratio of 5.99. The business has a fifty day moving average price of $60.10 and a 200-day moving average price of $58.20. Warrior Met Coal, Inc. has a 1 year low of $31.97 and a 1 year high of $71.91. The firm has a market capitalization of $3.57 billion, a P/E ratio of 7.43 and a beta of 1.09.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $2.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.16 by ($0.67). Warrior Met Coal had a net margin of 28.55% and a return on equity of 28.99%. The business had revenue of $363.80 million for the quarter, compared to analysts' expectations of $393.04 million. During the same quarter in the previous year, the firm earned $1.90 EPS. Warrior Met Coal's revenue was up 5.5% compared to the same quarter last year. Equities analysts expect that Warrior Met Coal, Inc. will post 6.83 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, May 6th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 0.47%. Warrior Met Coal's payout ratio is 3.48%.

Insider Buying and Selling at Warrior Met Coal

In other news, Director Alan H. Schumacher purchased 2,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was purchased at an average price of $58.15 per share, for a total transaction of $116,300.00. Following the completion of the acquisition, the director now owns 30,270 shares of the company's stock, valued at $1,760,200.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is owned by corporate insiders.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.