Warrior Met Coal, Inc. (NYSE:HCC – Get Free Report) reached a new 52-week low on Friday . The stock traded as low as $47.44 and last traded at $48.13, with a volume of 1080525 shares changing hands. The stock had previously closed at $49.89.
Analysts Set New Price Targets
HCC has been the subject of a number of analyst reports. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research report on Friday, February 14th. Jefferies Financial Group reduced their target price on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, B. Riley lowered their price target on shares of Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Warrior Met Coal has an average rating of “Moderate Buy” and a consensus price target of $74.00.
Check Out Our Latest Stock Analysis on HCC
Warrior Met Coal Stock Performance
Warrior Met Coal (NYSE:HCC – Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.34). The business had revenue of $297.47 million during the quarter, compared to the consensus estimate of $331.70 million. Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. On average, sell-side analysts forecast that Warrior Met Coal, Inc. will post 4.86 earnings per share for the current fiscal year.
Warrior Met Coal Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 24th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.32 annualized dividend and a yield of 0.66%. Warrior Met Coal’s payout ratio is 6.68%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in HCC. Blue Trust Inc. lifted its holdings in shares of Warrior Met Coal by 48.5% in the 3rd quarter. Blue Trust Inc. now owns 551 shares of the company’s stock valued at $35,000 after acquiring an additional 180 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Warrior Met Coal by 5.0% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,424 shares of the company’s stock valued at $294,000 after purchasing an additional 260 shares during the last quarter. Graham Capital Wealth Management LLC boosted its holdings in shares of Warrior Met Coal by 0.6% in the 4th quarter. Graham Capital Wealth Management LLC now owns 47,818 shares of the company’s stock worth $2,594,000 after purchasing an additional 273 shares during the period. Sanctuary Advisors LLC increased its position in shares of Warrior Met Coal by 2.6% during the 4th quarter. Sanctuary Advisors LLC now owns 10,800 shares of the company’s stock valued at $577,000 after purchasing an additional 276 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in Warrior Met Coal by 31.0% during the 4th quarter. Quadrant Capital Group LLC now owns 1,179 shares of the company’s stock valued at $64,000 after buying an additional 279 shares during the period. Institutional investors own 92.28% of the company’s stock.
About Warrior Met Coal
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.
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