Legal & General Group Plc lowered its position in Warrior Met Coal (NYSE:HCC – Free Report) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 133,281 shares of the company’s stock after selling 7,280 shares during the period. Legal & General Group Plc’s holdings in Warrior Met Coal were worth $11,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp lifted its stake in Warrior Met Coal by 25.2% in the second quarter. State Street Corp now owns 4,099,070 shares of the company’s stock worth $187,860,000 after purchasing an additional 825,807 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its stake in Warrior Met Coal by 130.4% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock worth $86,574,000 after purchasing an additional 1,069,025 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake 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 purchasing an additional 5,077 shares during the last quarter. UBS Group AG lifted its stake in Warrior Met Coal by 219.2% in the third quarter. UBS Group AG now owns 1,554,071 shares of the company’s stock worth $98,901,000 after purchasing an additional 1,067,247 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in 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 worth $98,239,000 after purchasing an additional 130,396 shares during the last quarter. Institutional investors own 92.28% of the company’s stock.
Analyst Ratings Changes
Several brokerages have issued reports on HCC. Citigroup raised their price objective on shares of Warrior Met Coal from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. UBS Group reduced their target price on shares of Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Zacks Research lowered shares of Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Weiss Ratings lowered shares of Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 19th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Warrior Met Coal in a research report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $102.80.
Warrior Met Coal Stock Performance
Shares of HCC stock opened at $105.47 on Thursday. The firm has a market cap of $5.57 billion, a price-to-earnings ratio of 40.26 and a beta of 0.62. The company’s 50 day moving average is $90.81 and its 200 day moving average is $88.20. The company has a quick ratio of 2.42, a current ratio of 3.48 and a debt-to-equity ratio of 0.11. Warrior Met Coal has a 52-week low of $40.80 and a 52-week high of $110.39.
Warrior Met Coal (NYSE:HCC – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.04). The business had revenue of $458.59 million for the quarter, compared to analysts’ expectations of $467.57 million. Warrior Met Coal had a net margin of 9.36% and a return on equity of 6.44%. The business’s quarterly revenue was up 52.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.16) earnings per share. On average, sell-side analysts anticipate that Warrior Met Coal will post 6.78 EPS for the current fiscal year.
Warrior Met Coal Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 7th. Investors of record on Friday, May 1st were issued 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, May 1st. Warrior Met Coal’s dividend payout ratio (DPR) is presently 12.21%.
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.
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