Warrior Met Coal (NYSE:HCC) Shares Down 5.1% – Should You Sell?

Shares of Warrior Met Coal (NYSE:HCC) fell 5.1% on Thursday . The stock traded as low as $103.89 and last traded at $103.0420. Approximately 37,327 shares traded hands during trading, a decline of 96% from the average session volume of 838,670 shares. The stock had previously closed at $108.53.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HCC. B. Riley Financial lifted their target price on shares of Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Zacks Research cut shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Weiss Ratings raised shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Citigroup reiterated a “buy” rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. Finally, Wall Street Zen upgraded Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $102.60.

Warrior Met Coal Price Performance

The stock’s 50-day simple moving average is $88.99 and its 200 day simple moving average is $89.38. The company has a quick ratio of 2.79, a current ratio of 3.93 and a debt-to-equity ratio of 0.10. The company has a market cap of $5.49 billion, a price-to-earnings ratio of 24.95 and a beta of 0.67.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.25. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The company had revenue of $509.69 million during the quarter, compared to analyst estimates of $488.46 million. During the same quarter last year, the firm posted $0.11 earnings per share. Warrior Met Coal’s revenue was up 71.3% compared to the same quarter last year. On average, equities research analysts anticipate that Warrior Met Coal will post 5.74 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 10th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.3%. Warrior Met Coal’s dividend payout ratio (DPR) is presently 7.69%.

Insider Activity at Warrior Met Coal

In related news, CEO Walter J. Scheller sold 50,000 shares of Warrior Met Coal stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $110.00, for a total value of $5,500,000.00. Following the completion of the sale, the chief executive officer owned 267,793 shares in the company, valued at approximately $29,457,230. This trade represents a 15.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen D. Williams sold 4,800 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $104.23, for a total value of $500,304.00. Following the completion of the sale, the director directly owned 30,303 shares in the company, valued at approximately $3,158,481.69. The trade was a 13.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 104,800 shares of company stock valued at $11,250,304 in the last quarter. 2.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Warrior Met Coal

Several institutional investors and hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Warrior Met Coal by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,860 shares of the company’s stock valued at $1,473,000 after acquiring an additional 1,351 shares during the period. Intech Investment Management LLC increased its stake in Warrior Met Coal by 14.6% during the first quarter. Intech Investment Management LLC now owns 34,812 shares of the company’s stock worth $1,661,000 after purchasing an additional 4,441 shares during the period. Hsbc Holdings PLC lifted its position in shares of Warrior Met Coal by 7.7% during the second quarter. Hsbc Holdings PLC now owns 6,479 shares of the company’s stock worth $300,000 after purchasing an additional 464 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Warrior Met Coal by 217.2% during the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after purchasing an additional 467 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of Warrior Met Coal by 75.1% in the second quarter. Marshall Wace LLP now owns 10,085 shares of the company’s stock valued at $462,000 after purchasing an additional 4,324 shares during the period. Hedge funds and other institutional investors own 92.28% of the company’s stock.

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.