34,626 Shares in Warrior Met Coal $HCC Purchased by NFJ Investment Group LLC

NFJ Investment Group LLC acquired a new position in shares of Warrior Met Coal (NYSE:HCC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 34,626 shares of the company’s stock, valued at approximately $2,810,000.

Several other institutional investors have also modified their holdings of HCC. BlackRock Inc. purchased a new position in shares of Warrior Met Coal in the 2nd quarter worth approximately $606,503,000. State Street Corp raised its holdings in Warrior Met Coal by 25.2% during the 2nd quarter. State Street Corp now owns 4,099,070 shares of the company’s stock valued at $187,860,000 after buying an additional 825,807 shares during the period. Adage Capital Partners GP L.L.C. raised its holdings in Warrior Met Coal by 130.4% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock valued at $86,574,000 after buying an additional 1,069,025 shares during the period. Dimensional Fund Advisors LP lifted its position in Warrior Met Coal by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,833,578 shares of the company’s stock worth $116,687,000 after buying an additional 5,077 shares during the last quarter. Finally, Maple Rock Capital Partners Inc. lifted its position in Warrior Met Coal by 12.0% in the fourth quarter. Maple Rock Capital Partners Inc. now owns 1,637,238 shares of the company’s stock worth $144,355,000 after buying an additional 175,500 shares during the last quarter. 92.28% of the stock is owned by institutional investors.

Warrior Met Coal Stock Performance

Shares of NYSE:HCC opened at $103.39 on Friday. The firm has a market cap of $5.46 billion, a PE ratio of 24.85 and a beta of 0.65. The firm’s 50 day simple moving average is $86.20 and its 200-day simple moving average is $88.27. Warrior Met Coal has a one year low of $54.66 and a one year high of $110.39. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.79 and a current ratio of 3.93.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.25. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%.The firm had revenue of $509.69 million during the quarter, compared to analyst estimates of $488.46 million. During the same quarter in the previous year, the business earned $0.11 earnings per share. Warrior Met Coal’s quarterly revenue was up 71.3% on a year-over-year basis. As a group, equities analysts predict that Warrior Met Coal will post 5.74 EPS for the current year.

Warrior Met Coal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. Warrior Met Coal’s payout ratio is 7.69%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on HCC shares. Wall Street Zen upgraded shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. B. Riley Financial raised their target price on shares of Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Weiss Ratings raised shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Citigroup reaffirmed a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. Finally, Zacks Research downgraded shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $102.60.

Insider Buying and Selling at Warrior Met Coal

In other Warrior Met Coal news, insider Kelli K. Gant sold 20,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the sale, the insider directly owned 67,775 shares in the company, valued at approximately $7,455,250. This represents a 22.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Warrior Met Coal Profile

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.