Warrior Met Coal (NYSE:HCC) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Warrior Met Coal (NYSE:HCC) from a hold rating to a buy rating in a research report released on Saturday morning.

Several other brokerages also recently commented on HCC. B. Riley reaffirmed a “buy” rating on shares of Warrior Met Coal in a report on Thursday, November 6th. Zacks Research lowered shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. BMO Capital Markets raised their target price on shares of Warrior Met Coal from $65.00 to $72.00 and gave the stock a “market perform” rating in a report on Thursday, November 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Warrior Met Coal in a report on Wednesday, October 8th. Finally, UBS Group raised their price target on shares of Warrior Met Coal from $80.00 to $86.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $77.33.

Warrior Met Coal Stock Up 1.4%

HCC stock opened at $96.92 on Friday. Warrior Met Coal has a 12 month low of $38.00 and a 12 month high of $99.25. The firm has a market cap of $5.10 billion, a PE ratio of 144.66 and a beta of 0.63. The firm has a 50 day simple moving average of $82.56 and a 200 day simple moving average of $66.89. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.13 and a quick ratio of 3.00.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.91. Warrior Met Coal had a net margin of 2.87% and a return on equity of 2.01%. The firm had revenue of $328.59 million for the quarter, compared to analyst estimates of $302.51 million. During the same quarter in the previous year, the business posted $0.80 earnings per share. The firm’s quarterly revenue was up .3% compared to the same quarter last year. Equities research analysts forecast that Warrior Met Coal will post 4.86 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 Friday, November 14th. Investors of record on Friday, November 7th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Friday, November 7th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 47.76%.

Insider Transactions at Warrior Met Coal

In other Warrior Met Coal news, CEO Walter J. Scheller sold 18,966 shares of the business’s stock in a transaction that occurred on 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 directly owned 394,183 shares of the company’s stock, valued at $29,563,725. The trade was a 4.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HCC. Smartleaf Asset Management LLC boosted its holdings in Warrior Met Coal by 12.1% in the third quarter. Smartleaf Asset Management LLC now owns 1,559 shares of the company’s stock worth $99,000 after purchasing an additional 168 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Warrior Met Coal by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 15,552 shares of the company’s stock worth $990,000 after acquiring an additional 213 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Warrior Met Coal by 3.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 7,046 shares of the company’s stock worth $448,000 after acquiring an additional 216 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Warrior Met Coal by 23.1% during the 2nd quarter. GAMMA Investing LLC now owns 1,346 shares of the company’s stock valued at $62,000 after acquiring an additional 253 shares during the last quarter. Finally, SummerHaven Investment Management LLC raised its stake in shares of Warrior Met Coal by 2.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 11,639 shares of the company’s stock valued at $533,000 after acquiring an additional 289 shares in the last quarter. Institutional investors own 92.28% of the company’s stock.

About Warrior Met Coal

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.