Warrior Met Coal (NYSE:HCC) Reaches New 1-Year High at $75.53

Warrior Met Coal, Inc. (NYSE:HCC) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $75.53 and last traded at $74.10, with a volume of 356705 shares trading hands. The stock had previously closed at $72.82.

Analyst Ratings Changes

Several research firms have weighed in on HCC. BMO Capital Markets boosted their target price on shares of Warrior Met Coal from $62.00 to $70.00 and gave the company a “market perform” rating in a research note on Thursday, May 2nd. Citigroup upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and boosted their target price for the company from $60.00 to $75.00 in a research note on Thursday, April 11th. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research note on Monday. Finally, B. Riley boosted their target price on shares of Warrior Met Coal from $87.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.80.

Warrior Met Coal Stock Up 0.6 %

The firm’s 50-day moving average price is $66.23 and its 200 day moving average price is $62.88. The firm has a market cap of $3.83 billion, a P/E ratio of 8.82 and a beta of 1.05. The company has a quick ratio of 5.85, a current ratio of 6.86 and a debt-to-equity ratio of 0.10.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Wednesday, May 1st. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.02 by $0.61. The business had revenue of $503.50 million during the quarter, compared to analyst estimates of $474.99 million. Warrior Met Coal had a net margin of 25.94% and a return on equity of 24.71%. The company’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.57 earnings per share. As a group, research analysts expect that Warrior Met Coal, Inc. will post 6.98 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Monday, May 6th were given a dividend of $0.08 per share. The ex-dividend date was Friday, May 3rd. This represents a $0.32 annualized dividend and a dividend yield of 0.44%. Warrior Met Coal’s dividend payout ratio is currently 3.85%.

Hedge Funds Weigh In On Warrior Met Coal

A number of institutional investors and hedge funds have recently bought and sold shares of HCC. Assenagon Asset Management S.A. bought a new position in Warrior Met Coal in the 4th quarter valued at about $44,388,000. Clearbridge Investments LLC bought a new position in Warrior Met Coal in the 1st quarter valued at about $9,234,000. Jupiter Asset Management Ltd. bought a new position in Warrior Met Coal in the 1st quarter valued at about $7,021,000. Forest Avenue Capital Management LP bought a new position in Warrior Met Coal in the 4th quarter valued at about $6,725,000. Finally, American Century Companies Inc. grew its position in Warrior Met Coal by 10.7% in the 3rd quarter. American Century Companies Inc. now owns 961,388 shares of the company’s stock valued at $49,108,000 after buying an additional 92,941 shares in the last quarter. Institutional investors own 92.28% of the company’s stock.

About Warrior Met Coal

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.