Warrior Met Coal (NYSE:HCC) CEO Walter Scheller Sells 50,000 Shares of Stock

Warrior Met Coal (NYSE:HCC) CEO Walter Scheller sold 50,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $105.00, for a total transaction of $5,250,000.00. Following the sale, the chief executive officer directly owned 317,793 shares of the company’s stock, valued at $33,368,265. The trade was a 13.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Warrior Met Coal Price Performance

NYSE HCC opened at $106.68 on Friday. The firm’s fifty day simple moving average is $86.37 and its two-hundred day simple moving average is $88.40. The company has a current ratio of 3.93, a quick ratio of 2.79 and a debt-to-equity ratio of 0.10. Warrior Met Coal has a 12-month low of $54.66 and a 12-month high of $110.39. The firm has a market capitalization of $5.63 billion, a P/E ratio of 25.64 and a beta of 0.65.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.25. The business had revenue of $509.69 million for the quarter, compared to the consensus estimate of $488.46 million. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%.The business’s quarterly revenue was up 71.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 earnings per share. Analysts forecast that Warrior Met Coal will post 5.74 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Warrior Met Coal’s dividend payout ratio (DPR) is currently 7.69%.

Analysts Set New Price Targets

Several equities analysts recently commented on HCC shares. Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. B. Riley Financial lifted their price objective on Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Zacks Research cut Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Citigroup restated a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. Finally, UBS Group reduced their price target on Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $102.60.

Institutional Trading of Warrior Met Coal

A number of institutional investors and hedge funds have recently made changes to their positions in HCC. NWF Advisory Services Inc. raised its stake in shares of Warrior Met Coal by 4.7% during the 2nd quarter. NWF Advisory Services Inc. now owns 93,355 shares of the company’s stock worth $7,577,000 after buying an additional 4,150 shares during the period. Nykredit A S acquired a new stake in Warrior Met Coal in the 2nd quarter valued at $50,000. Maple Rock Capital Partners Inc. increased its holdings in Warrior Met Coal by 77.2% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 253,559 shares of the company’s stock worth $20,579,000 after acquiring an additional 110,500 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Warrior Met Coal during the second quarter worth $863,000. Finally, Two Sigma Securities LLC acquired a new position in Warrior Met Coal during the second quarter worth $479,000. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

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.