Texas Permanent School Fund Corp Buys 2,101 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Texas Permanent School Fund Corp boosted its stake in Warrior Met Coal, Inc. (NYSE:HCC) by 4.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,627 shares of the company’s stock after purchasing an additional 2,101 shares during the quarter. Texas Permanent School Fund Corp owned about 0.09% of Warrior Met Coal worth $2,990,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in Warrior Met Coal by 38.6% in the second quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock valued at $32,000 after purchasing an additional 144 shares during the last quarter. SYSTM Wealth Solutions LLC bought a new stake in shares of Warrior Met Coal in the first quarter worth about $39,000. EntryPoint Capital LLC bought a new stake in shares of Warrior Met Coal in the first quarter worth about $54,000. Quadrant Capital Group LLC increased its holdings in shares of Warrior Met Coal by 79.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock worth $61,000 after acquiring an additional 442 shares in the last quarter. Finally, Ausbil Investment Management Ltd bought a new stake in shares of Warrior Met Coal in the second quarter worth about $82,000. Institutional investors own 92.28% of the company’s stock.

Insider Buying and Selling

In related news, insider Kelli K. Gant sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $75.06, for a total transaction of $750,600.00. Following the completion of the transaction, the insider now directly owns 61,678 shares of the company’s stock, valued at $4,629,550.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Walter J. Scheller sold 23,148 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $75.15, for a total transaction of $1,739,572.20. Following the completion of the transaction, the chief executive officer now directly owns 340,485 shares of the company’s stock, valued at $25,587,447.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kelli K. Gant sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total value of $750,600.00. Following the transaction, the insider now directly owns 61,678 shares of the company’s stock, valued at $4,629,550.68. The disclosure for this sale can be found here. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a report on Monday, August 5th. B. Riley lowered their price target on Warrior Met Coal from $92.00 to $90.00 and set a “buy” rating for the company in a report on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Warrior Met Coal presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.60.

Warrior Met Coal Stock Up 2.7 %

NYSE:HCC opened at $55.12 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 5.37 and a current ratio of 6.37. The company has a market cap of $2.88 billion, a PE ratio of 6.63 and a beta of 1.02. Warrior Met Coal, Inc. has a 52-week low of $44.60 and a 52-week high of $75.53. The stock has a 50-day simple moving average of $62.24 and a 200 day simple moving average of $63.06.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Thursday, August 1st. The company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.03. The business had revenue of $396.52 million during the quarter, compared to the consensus estimate of $387.91 million. Warrior Met Coal had a return on equity of 22.71% and a net margin of 25.01%. Warrior Met Coal’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the company earned $1.63 earnings per share. On average, sell-side analysts expect that Warrior Met Coal, Inc. will post 5.55 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were issued a dividend of $0.08 per share. The ex-dividend date was Tuesday, August 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.58%. Warrior Met Coal’s payout ratio is presently 3.85%.

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.