Warrior Met Coal (NYSE:HCC) Shares Gap Up to $55.60

Warrior Met Coal, Inc. (NYSE:HCC) shares gapped up before the market opened on Tuesday . The stock had previously closed at $55.60, but opened at $58.96. Warrior Met Coal shares last traded at $60.79, with a volume of 184,722 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have commented on HCC. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research note on Monday, August 5th. B. Riley lowered their price target on Warrior Met Coal from $92.00 to $90.00 and set a “buy” rating for the company in a report on Friday, September 6th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Warrior Met Coal presently has an average rating of “Moderate Buy” and a consensus price target of $72.60.

Warrior Met Coal Price Performance

The company has a current ratio of 6.37, a quick ratio of 5.37 and a debt-to-equity ratio of 0.09. The firm’s 50-day moving average price is $60.39 and its two-hundred day moving average price is $62.87. The stock has a market cap of $3.16 billion, a PE ratio of 7.27 and a beta of 1.02.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Thursday, August 1st. The company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.03. The company had revenue of $396.52 million during the quarter, compared to analyst estimates of $387.91 million. Warrior Met Coal had a return on equity of 22.71% and a net margin of 25.01%. Warrior Met Coal’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.63 earnings per share. On average, equities analysts expect that Warrior Met Coal, Inc. will post 5.55 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Tuesday, August 6th. Warrior Met Coal’s dividend payout ratio (DPR) is 3.85%.

Insider Activity at Warrior Met Coal

In other news, CEO Walter J. Scheller sold 23,148 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $75.15, for a total value of $1,739,572.20. Following the sale, the chief executive officer now owns 340,485 shares in the company, valued at $25,587,447.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Kelli K. Gant sold 10,000 shares of Warrior Met Coal stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total value of $750,600.00. Following the sale, the insider now owns 61,678 shares in the company, valued at $4,629,550.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Walter J. Scheller sold 23,148 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $75.15, for a total value of $1,739,572.20. Following the transaction, the chief executive officer now directly owns 340,485 shares of the company’s stock, valued at approximately $25,587,447.75. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HCC. GAMMA Investing LLC boosted its stake in Warrior Met Coal by 38.6% during the 2nd quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock worth $32,000 after purchasing an additional 144 shares during the last quarter. SYSTM Wealth Solutions LLC acquired a new position in Warrior Met Coal during the first quarter worth about $39,000. EntryPoint Capital LLC purchased a new stake in Warrior Met Coal during the 1st quarter valued at about $54,000. Quadrant Capital Group LLC raised its holdings in Warrior Met Coal by 79.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $61,000 after acquiring an additional 442 shares during the last quarter. Finally, Ausbil Investment Management Ltd purchased a new position in Warrior Met Coal in the 2nd quarter worth approximately $82,000. 92.28% of the stock is owned by institutional investors and hedge funds.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.