Warrior Met Coal (NYSE:HCC) Trading Up 10.5% – Time to Buy?

Shares of Warrior Met Coal (NYSE:HCC) were up 10.5% during trading on Tuesday . The stock traded as high as $93.76 and last traded at $92.74. Approximately 97,798 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 908,329 shares. The stock had previously closed at $83.93.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on HCC shares. B. Riley Financial reissued a “buy” rating on shares of Warrior Met Coal in a research report on Friday, February 13th. Zacks Research cut shares of Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Weiss Ratings cut shares of Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 19th. Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. Finally, UBS Group decreased their price objective on shares of Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $102.80.

Warrior Met Coal Trading Up 7.8%

The firm has a market capitalization of $5.52 billion, a PE ratio of 39.92 and a beta of 0.61. The company’s 50-day moving average price is $89.19 and its 200-day moving average price is $87.43. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.42 and a current ratio of 3.48.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.04). Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.The company had revenue of $458.59 million for the quarter, compared to analyst estimates of $467.57 million. During the same quarter in the prior year, the business earned ($0.16) earnings per share. Warrior Met Coal’s revenue was up 52.9% compared to the same quarter last year. On average, sell-side analysts expect that Warrior Met Coal will post 6.78 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 7th. Investors of record on Friday, May 1st were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, May 1st. Warrior Met Coal’s dividend payout ratio (DPR) is currently 12.21%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HCC. Allianz Asset Management GmbH raised its position in shares of Warrior Met Coal by 9.2% in the third quarter. Allianz Asset Management GmbH now owns 1,543,673 shares of the company’s stock valued at $98,239,000 after buying an additional 130,396 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Warrior Met Coal by 7.3% in the third quarter. Victory Capital Management Inc. now owns 818,593 shares of the company’s stock valued at $52,095,000 after buying an additional 55,416 shares during the last quarter. Capital International Investors raised its position in shares of Warrior Met Coal by 27.1% in the third quarter. Capital International Investors now owns 852,403 shares of the company’s stock valued at $54,247,000 after buying an additional 181,975 shares during the last quarter. Affinity Wealth Management LLC acquired a new position in shares of Warrior Met Coal in the third quarter valued at approximately $2,167,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Warrior Met Coal by 2,821,294.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 987,488 shares of the company’s stock valued at $87,067,000 after buying an additional 987,453 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Warrior Met Coal Company 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.