Zacks Research upgraded shares of Warrior Met Coal (NYSE:HCC – Free Report) from a strong sell rating to a strong-buy rating in a research report released on Monday morning,Zacks.com reports.
Several other research firms also recently commented on HCC. UBS Group reduced their price objective on Warrior Met Coal from $102.00 to $100.00 and set a “buy” rating for the company in a report on Tuesday. Citigroup restated a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. Weiss Ratings raised shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 3rd. Finally, B. Riley Financial boosted their price objective on shares of Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.00.
Read Our Latest Stock Analysis on Warrior Met Coal
Warrior Met Coal Trading Up 0.6%
Warrior Met Coal (NYSE:HCC – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.04). Warrior Met Coal had a net margin of 9.36% and a return on equity of 6.44%. The firm had revenue of $458.59 million for the quarter, compared to the consensus estimate of $467.57 million. During the same period last year, the business earned ($0.16) EPS. Warrior Met Coal’s revenue was up 52.9% on a year-over-year basis. As a group, equities analysts predict that Warrior Met Coal will post 6.89 earnings per share for the current fiscal year.
Warrior Met Coal Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, May 7th. Shareholders of record on Friday, May 1st were 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 was Friday, May 1st. Warrior Met Coal’s payout ratio is currently 12.21%.
Insider Activity at Warrior Met Coal
In other news, insider Kelli K. Gant sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total value of $2,200,000.00. Following the transaction, the insider owned 67,775 shares in the company, valued at $7,455,250. This represents a 22.79% decrease in their position. 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 owned by insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of HCC. State Street Corp increased its stake in shares of Warrior Met Coal by 25.2% in the 2nd 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 in the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in Warrior Met Coal by 130.4% during the second 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 purchasing an additional 1,069,025 shares during the period. Dimensional Fund Advisors LP grew its holdings in Warrior Met Coal by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,833,578 shares of the company’s stock valued at $116,687,000 after purchasing an additional 5,077 shares during the period. Maple Rock Capital Partners Inc. increased 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 in the last quarter. Finally, UBS Group AG increased its position 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 buying an additional 1,067,247 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.
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.
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