TD Asset Management Inc Sells 6,052 Shares of Warrior Met Coal $HCC

TD Asset Management Inc decreased its stake in shares of Warrior Met Coal (NYSE:HCC) by 13.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 37,836 shares of the company’s stock after selling 6,052 shares during the period. TD Asset Management Inc owned 0.07% of Warrior Met Coal worth $2,408,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in Warrior Met Coal by 12.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,559 shares of the company’s stock worth $99,000 after acquiring an additional 168 shares during the period. Arizona State Retirement System grew its position in shares of Warrior Met Coal by 1.4% in the third quarter. Arizona State Retirement System now owns 15,552 shares of the company’s stock valued at $990,000 after purchasing an additional 213 shares during the last quarter. Nisa Investment Advisors LLC grew its position in shares of Warrior Met Coal by 3.2% in the third quarter. Nisa Investment Advisors LLC now owns 7,046 shares of the company’s stock valued at $448,000 after purchasing an additional 216 shares during the last quarter. Old West Investment Management LLC increased its stake in shares of Warrior Met Coal by 0.4% in the third quarter. Old West Investment Management LLC now owns 79,491 shares of the company’s stock worth $5,059,000 after purchasing an additional 290 shares during the period. Finally, Teacher Retirement System of Texas lifted its position in shares of Warrior Met Coal by 4.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 7,980 shares of the company’s stock worth $366,000 after purchasing an additional 333 shares during the last quarter. 92.28% of the stock is owned by institutional investors.

Warrior Met Coal Stock Performance

Warrior Met Coal stock opened at $83.95 on Thursday. The company has a current ratio of 3.19, a quick ratio of 2.27 and a debt-to-equity ratio of 0.11. The firm has a market cap of $4.41 billion, a P/E ratio of 77.02 and a beta of 0.69. Warrior Met Coal has a 1-year low of $38.00 and a 1-year high of $105.35. The firm has a 50-day moving average of $90.79 and a 200-day moving average of $76.94.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.18). The business had revenue of $383.99 million during the quarter, compared to analysts’ expectations of $381.72 million. Warrior Met Coal had a return on equity of 2.71% and a net margin of 4.35%.The company’s quarterly revenue was up 29.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 EPS. Sell-side analysts expect that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 23rd were given a dividend of $0.08 per share. The ex-dividend date was Monday, February 23rd. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. Warrior Met Coal’s payout ratio is currently 29.36%.

Insider Transactions at Warrior Met Coal

In other Warrior Met Coal news, CEO Walter J. Scheller sold 100,000 shares of the firm’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $100.31, for a total value of $10,031,000.00. Following the completion of the sale, the chief executive officer directly owned 294,183 shares in the company, valued at $29,509,496.73. This trade represents a 25.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Kelli K. Gant sold 10,000 shares of Warrior Met Coal stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $100.00, for a total value of $1,000,000.00. Following the sale, the insider directly owned 70,580 shares in the company, valued at approximately $7,058,000. The trade was a 12.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

HCC has been the subject of several research reports. BMO Capital Markets increased their price objective on Warrior Met Coal from $65.00 to $72.00 and gave the company a “market perform” rating in a research report on Thursday, November 6th. B. Riley Financial reissued a “buy” rating on shares of Warrior Met Coal in a report on Friday, February 13th. Wall Street Zen upgraded shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. UBS Group set a $108.00 price objective on shares of Warrior Met Coal and gave the company a “buy” rating in a research report on Thursday, January 29th. Finally, Zacks Research cut shares of Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Three research 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $105.00.

Warrior Met Coal 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.