Warrior Met Coal (NYSE:HCC) Trading 4.9% Higher Following Analyst Upgrade

Warrior Met Coal (NYSE:HCC) traded up 4.9% on Thursday after Citigroup raised their price target on the stock from $80.00 to $100.00. Citigroup currently has a buy rating on the stock. Warrior Met Coal traded as high as $90.63 and last traded at $91.9480. 113,991 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 949,957 shares. The stock had previously closed at $87.63.

HCC has been the topic of a number of other reports. Jefferies Financial Group boosted their target price on shares of Warrior Met Coal from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. UBS Group lifted their price target on shares of Warrior Met Coal from $100.00 to $101.00 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Zacks Research lowered shares of Warrior Met Coal from a “hold” rating to a “strong sell” rating in a report on Thursday, February 5th. Finally, B. Riley Financial reissued a “buy” rating on shares of Warrior Met Coal in a research report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $102.60.

Insider Buying and Selling

In other Warrior Met Coal news, CEO Walter J. Scheller sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $100.31, for a total value of $10,031,000.00. Following the transaction, the chief executive officer directly owned 294,183 shares of the company’s stock, valued at $29,509,496.73. This represents a 25.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kelli K. Gant sold 10,000 shares of the stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $100.00, for a total value of $1,000,000.00. Following the transaction, the insider owned 70,580 shares of the company’s stock, valued at approximately $7,058,000. This trade represents a 12.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Warrior Met Coal by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,860 shares of the company’s stock worth $1,473,000 after purchasing an additional 1,351 shares during the last quarter. Intech Investment Management LLC lifted its position in shares of Warrior Met Coal by 14.6% during the first quarter. Intech Investment Management LLC now owns 34,812 shares of the company’s stock worth $1,661,000 after purchasing an additional 4,441 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in Warrior Met Coal in the second quarter worth about $207,000. Geode Capital Management LLC grew its stake in Warrior Met Coal by 1.3% in the second quarter. Geode Capital Management LLC now owns 1,269,888 shares of the company’s stock worth $58,210,000 after purchasing an additional 15,851 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey increased its holdings in Warrior Met Coal by 7.2% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 11,839 shares of the company’s stock valued at $543,000 after buying an additional 799 shares during the last quarter. 92.28% of the stock is owned by institutional investors and hedge funds.

Warrior Met Coal Stock Performance

The company has a fifty day moving average of $89.40 and a two-hundred day moving average of $78.70. The stock has a market capitalization of $4.79 billion, a P/E ratio of 83.20 and a beta of 0.69. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.19 and a quick ratio of 2.27.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Thursday, February 12th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.18). The firm had revenue of $383.99 million for the quarter, compared to the consensus estimate of $381.72 million. Warrior Met Coal had a return on equity of 2.71% and a net margin of 4.35%.The company’s quarterly revenue was up 29.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 EPS. On average, equities analysts anticipate that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 23rd were paid a dividend of $0.08 per share. The ex-dividend date was Monday, February 23rd. This represents a $0.32 annualized dividend and a yield of 0.4%. Warrior Met Coal’s dividend payout ratio (DPR) is 29.36%.

About Warrior Met Coal

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.