Warrior Met Coal (NYSE:HCC) Sets New 52-Week High Following Dividend Announcement

Warrior Met Coal, Inc. (NYSE:HCC) hit a new 52-week high on Friday following a dividend announcement from the company. The company traded as high as $70.10 and last traded at $69.94, with a volume of 582898 shares changing hands. The stock had previously closed at $69.55.

The newly announced dividend which will be paid on Monday, May 13th. Shareholders of record on Monday, May 6th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, May 3rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.46%. Warrior Met Coal’s payout ratio is presently 3.48%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on HCC shares. UBS Group started coverage on shares of Warrior Met Coal in a research note on Tuesday, January 16th. They set a “neutral” rating and a $68.00 target price on the stock. Citigroup raised shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $60.00 to $75.00 in a research note on Thursday, April 11th. Finally, B. Riley decreased their target price on shares of Warrior Met Coal from $89.00 to $87.00 and set a “buy” rating on the stock in a research note on Monday, April 15th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $67.60.

Warrior Met Coal Trading Up 0.8 %

The company has a quick ratio of 5.99, a current ratio of 7.24 and a debt-to-equity ratio of 0.10. The company has a market cap of $3.67 billion, a P/E ratio of 7.62 and a beta of 1.09. The firm’s 50 day moving average is $59.83 and its two-hundred day moving average is $57.99.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $2.49 earnings per share for the quarter, missing the consensus estimate of $3.16 by ($0.67). Warrior Met Coal had a return on equity of 28.99% and a net margin of 28.55%. The business had revenue of $363.80 million during the quarter, compared to the consensus estimate of $393.04 million. During the same period in the prior year, the firm earned $1.90 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Warrior Met Coal, Inc. will post 6.83 EPS for the current year.

Insider Activity at Warrior Met Coal

In related news, Director Alan H. Schumacher acquired 2,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were 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 acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Warrior Met Coal

Several institutional investors have recently made changes to their positions in the stock. SYSTM Wealth Solutions LLC acquired a new position in shares of Warrior Met Coal during the first quarter valued at about $39,000. New York State Teachers Retirement System raised its holdings in shares of Warrior Met Coal by 11.5% during the first quarter. New York State Teachers Retirement System now owns 30,816 shares of the company’s stock valued at $1,871,000 after purchasing an additional 3,178 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Warrior Met Coal by 33.8% during the first quarter. Assenagon Asset Management S.A. now owns 974,247 shares of the company’s stock valued at $59,137,000 after purchasing an additional 246,217 shares during the period. Graham Capital Wealth Management LLC raised its holdings in shares of Warrior Met Coal by 56.7% during the first quarter. Graham Capital Wealth Management LLC now owns 45,573 shares of the company’s stock valued at $2,766,000 after purchasing an additional 16,493 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of Warrior Met Coal by 20.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 23,100 shares of the company’s stock valued at $1,402,000 after purchasing an additional 3,950 shares during the period. Institutional investors and hedge funds 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.