Warrior Met Coal (NYSE:HCC) Shares Up 4%

Warrior Met Coal, Inc. (NYSE:HCC - Get Free Report) shares traded up 4% on Tuesday . The company traded as high as $60.37 and last traded at $60.25. 278,656 shares were traded during mid-day trading, a decline of 64% from the average session volume of 769,126 shares. The stock had previously closed at $57.94.

Analysts Set New Price Targets

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

Warrior Met Coal Price Performance

The company has a market cap of $3.16 billion, a P/E ratio of 6.97 and a beta of 1.05. The company has a debt-to-equity ratio of 0.10, a quick ratio of 5.85 and a current ratio of 6.86. The company has a fifty day moving average price of $65.13 and a two-hundred day moving average price of $63.27.

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

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Tuesday, August 6th. Warrior Met Coal's dividend payout ratio is currently 3.85%.

Insider Transactions at Warrior Met Coal

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HCC. GAMMA Investing LLC boosted 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 worth $32,000 after acquiring an additional 144 shares during the period. SummerHaven Investment Management LLC increased its position 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 period. Evergreen Capital Management LLC lifted its holdings in shares of Warrior Met Coal by 6.3% during the second quarter. Evergreen Capital Management LLC now owns 3,903 shares of the company's stock worth $245,000 after buying an additional 231 shares in the last quarter. Sei Investments Co. boosted its position in shares of Warrior Met Coal by 1.2% in the first quarter. Sei Investments Co. now owns 23,202 shares of the company's stock valued at $1,408,000 after acquiring an additional 277 shares during the period. Finally, QRG Capital Management Inc. grew its stake in shares of 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 acquiring an additional 277 shares in the last quarter. Institutional investors and hedge funds own 92.28% of the company's stock.

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.

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