Warrior Met Coal (NYSE:HCC) Sets New 52-Week High - Here's What Happened

Key Points

• Warrior Met Coal reached a new 52-week high, trading as high as $110.50 and closing last at approximately $110.20, up from $106.73.
• The company reported strong quarterly results, with earnings of $1.65 per share and revenue of $509.69 million, beating analyst expectations; revenue increased 71.3% year over year.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $102.60, while institutional investors own 92.28% of the stock. Insiders sold 74,800 shares worth roughly $7.95 million over the past 90 days.

Warrior Met Coal (NYSE:HCC - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $110.50 and last traded at $110.1960, with a volume of 119510 shares traded. The stock had previously closed at $106.73.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HCC shares. UBS Group decreased their target price on shares of Warrior Met Coal from $100.00 to $98.00 and set a "buy" rating for the company in a research note on Thursday, August 6th. Weiss Ratings upgraded shares of Warrior Met Coal from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. B. Riley Financial upped their price objective on shares of Warrior Met Coal from $117.00 to $123.00 and gave the company a "buy" rating in a research report on Wednesday, June 10th. Citigroup restated a "buy" rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. 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 research 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, Warrior Met Coal has a consensus rating of "Moderate Buy" and an average target price of $102.60.

Warrior Met Coal Trading Up 0.9%

The company has a current ratio of 3.93, a quick ratio of 2.79 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $86.37 and a 200 day moving average price of $88.39. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 25.89 and a beta of 0.65.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share for the quarter, topping analysts' consensus estimates of $1.40 by $0.25. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The company had revenue of $509.69 million for the quarter, compared to analysts' expectations of $488.46 million. During the same period in the prior year, the company earned $0.11 earnings per share. The firm's revenue was up 71.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Warrior Met Coal will post 5.74 EPS for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently announced 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 of this dividend 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 (DPR) is currently 7.69%.

Insider Buying and Selling at Warrior Met Coal

In related news, Director Stephen D. Williams sold 4,800 shares of the business's stock in a transaction that occurred on 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 transaction, the director owned 30,303 shares in the company, valued at $3,158,481.69. The trade was a 13.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kelli K. Gant sold 20,000 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the completion of the sale, the insider directly owned 67,775 shares in the company, valued at approximately $7,455,250. This trade represents a 22.79% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 74,800 shares of company stock worth $7,950,304 over the last ninety days. Company insiders own 2.10% of the company's stock.

Hedge Funds Weigh In On Warrior Met Coal

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Warrior Met Coal in the 2nd quarter worth $606,503,000. California State Teachers Retirement System grew its holdings in Warrior Met Coal by 7,946.6% during the second quarter. California State Teachers Retirement System now owns 4,949,461 shares of the company's stock worth $401,698,000 after acquiring an additional 4,887,951 shares during the period. Adage Capital Partners GP L.L.C. raised its position in Warrior Met Coal by 130.4% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company's stock worth $86,574,000 after acquiring an additional 1,069,025 shares in the last quarter. UBS Group AG raised its position in Warrior Met Coal by 219.2% in the third quarter. UBS Group AG now owns 1,554,071 shares of the company's stock worth $98,901,000 after acquiring an additional 1,067,247 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Warrior Met Coal by 2,821,294.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 987,488 shares of the company's stock valued at $87,067,000 after acquiring an additional 987,453 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

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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