Warrior Met Coal (NYSE:HCC) Reaches New 1-Year High – Should You Buy?

Warrior Met Coal (NYSE:HCC) shares hit a new 52-week high on Wednesday . The company traded as high as $85.08 and last traded at $83.9070, with a volume of 110320 shares trading hands. The stock had previously closed at $82.46.

Wall Street Analysts Forecast Growth

HCC has been the subject of several research analyst reports. Zacks Research upgraded shares of Warrior Met Coal from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. UBS Group upped their target price on Warrior Met Coal from $68.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Warrior Met Coal in a research note on Wednesday, October 8th. Wall Street Zen raised Warrior Met Coal from a “sell” rating to a “hold” rating in a research report on Saturday, October 11th. Finally, BMO Capital Markets increased their price objective on Warrior Met Coal from $65.00 to $72.00 and gave the company a “market perform” rating in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Warrior Met Coal has an average rating of “Moderate Buy” and an average target price of $71.50.

Warrior Met Coal Trading Up 3.6%

The company has a quick ratio of 3.00, a current ratio of 4.13 and a debt-to-equity ratio of 0.12. The company has a fifty day moving average of $64.82 and a two-hundred day moving average of $55.81. The stock has a market capitalization of $4.49 billion, a price-to-earnings ratio of 127.50 and a beta of 0.75.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.91. The company had revenue of $328.59 million for the quarter, compared to analysts’ expectations of $302.51 million. Warrior Met Coal had a net margin of 2.87% and a return on equity of 2.01%. Warrior Met Coal’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 EPS. On average, research analysts expect that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, November 7th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, November 7th. Warrior Met Coal’s payout ratio is 47.76%.

Insider Buying and Selling

In related news, CEO Walter J. Scheller sold 18,966 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $75.00, for a total value of $1,422,450.00. Following the completion of the sale, the chief executive officer owned 394,183 shares in the company, valued at $29,563,725. This trade represents a 4.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Warrior Met Coal

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas acquired a new stake in shares of Warrior Met Coal in the 1st quarter valued at approximately $365,000. Victory Capital Management Inc. raised its position in Warrior Met Coal by 1,918.4% in the first quarter. Victory Capital Management Inc. now owns 680,515 shares of the company’s stock worth $32,474,000 after acquiring an additional 646,799 shares in the last quarter. Allianz Asset Management GmbH raised its position in Warrior Met Coal by 4.7% in the first quarter. Allianz Asset Management GmbH now owns 1,442,933 shares of the company’s stock worth $68,857,000 after acquiring an additional 64,288 shares in the last quarter. Kennondale Capital Management LLC lifted its holdings in Warrior Met Coal by 39.1% in the first quarter. Kennondale Capital Management LLC now owns 38,586 shares of the company’s stock valued at $1,841,000 after acquiring an additional 10,839 shares during the period. Finally, Readystate Asset Management LP purchased a new stake in shares of Warrior Met Coal during the 1st quarter worth $449,000. 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.