Warrior Met Coal (NYSE:HCC) Shares Gap Up to $58.24

Warrior Met Coal, Inc. (NYSE:HCC - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $58.24, but opened at $60.10. Warrior Met Coal shares last traded at $59.66, with a volume of 109,399 shares trading hands.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HCC. BMO Capital Markets boosted their target price on Warrior Met Coal from $62.00 to $70.00 and gave the stock a "market perform" rating in a report on Thursday, May 2nd. B. Riley boosted their price objective on shares of Warrior Met Coal from $91.00 to $92.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Finally, Benchmark reissued a "hold" rating on shares of Warrior Met Coal in a research note on Monday, August 5th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Warrior Met Coal presently has an average rating of "Moderate Buy" and a consensus target price of $73.00.

Warrior Met Coal Trading Up 2.8 %

The business's 50-day moving average price is $65.63 and its 200 day moving average price is $63.32. The firm has a market capitalization of $3.13 billion, a price-to-earnings ratio of 7.20 and a beta of 1.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.86 and a quick ratio of 5.85.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $1.35 earnings per share for the quarter, beating analysts' consensus estimates of $1.32 by $0.03. Warrior Met Coal had a net margin of 25.01% and a return on equity of 23.27%. The company had revenue of $396.52 million during the quarter, compared to analysts' expectations of $387.91 million. During the same period in the prior year, the company posted $1.63 EPS. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities analysts forecast that Warrior Met Coal, Inc. will post 7.36 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders 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 annualized dividend and a yield of 0.53%. Warrior Met Coal's dividend payout ratio is presently 3.85%.

Insider Buying and Selling at Warrior Met Coal

In related news, insider Kelli K. Gant sold 10,000 shares of the company's stock in a transaction 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 sale, the insider now directly owns 61,678 shares of the company's stock, valued at $4,629,550.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Walter J. Scheller sold 23,148 shares of Warrior Met Coal stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $75.15, for a total value of $1,739,572.20. Following the completion of the transaction, the chief executive officer now owns 340,485 shares in the company, valued at approximately $25,587,447.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kelli K. Gant sold 10,000 shares of the business's 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 completion of the sale, the insider now 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 currently owned by corporate insiders.

Hedge Funds Weigh In On Warrior Met Coal

A number of hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its holdings in shares of Warrior Met Coal by 38.6% during 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. SummerHaven Investment Management LLC grew its stake in Warrior Met Coal by 1.0% during the 4th quarter. SummerHaven Investment Management LLC now owns 18,938 shares of the company's stock worth $1,155,000 after buying an additional 192 shares during the last quarter. Evergreen Capital Management LLC grew its stake in Warrior Met Coal by 6.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,903 shares of the company's stock worth $245,000 after buying an additional 231 shares during the last quarter. Sei Investments Co. increased its position in Warrior Met Coal by 1.2% in the first quarter. Sei Investments Co. now owns 23,202 shares of the company's stock worth $1,408,000 after buying an additional 277 shares during the period. Finally, QRG Capital Management Inc. lifted its stake in Warrior Met Coal by 4.5% in the second quarter. QRG Capital Management Inc. now owns 6,397 shares of the company's stock valued at $402,000 after buying an additional 277 shares during the last quarter. 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.