Warrior Met Coal (HCC) To Go Ex-Dividend on November 9th

Warrior Met Coal (NYSE:HCC) declared a quarterly dividend on Tuesday, October 27th. Shareholders of record on Monday, November 9th will be given a dividend of $0.08 per share on Friday, November 20th. This represents a $0.32 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, November 9th.

Warrior Met Coal has raised its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Warrior Met Coal has a payout ratio of 7.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Warrior Met Coal to earn $9.47 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 3.4%.

Warrior Met Coal Stock Up 4.2%

Shares of NYSE:HCC opened at $84.20 on Friday. Warrior Met Coal has a 52-week low of $71.79 and a 52-week high of $111.42. The company has a market capitalization of $4.45 billion, a P/E ratio of 19.18 and a beta of 0.75. 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 stock’s fifty day simple moving average is $91.51 and its 200-day simple moving average is $89.78.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, November 4th. The company reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.62). Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The firm had revenue of $507.93 million for the quarter, compared to analyst estimates of $505.84 million. During the same period in the previous year, the firm earned $0.70 earnings per share. The company’s revenue for the quarter was up 54.6% on a year-over-year basis. As a group, equities research analysts forecast that Warrior Met Coal will post 6.97 earnings per share for the current fiscal year.

Insider Activity at Warrior Met Coal

In other Warrior Met Coal news, CEO Walter J. Scheller sold 50,000 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $110.00, for a total transaction of $5,500,000.00. Following the transaction, the chief executive officer directly owned 267,793 shares of the company’s stock, valued at approximately $29,457,230. This trade represents a 15.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen Williams sold 4,800 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total value of $500,304.00. Following the transaction, the director owned 30,303 shares in the company, valued at $3,158,481.69. This trade represents a 13.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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

A number of institutional investors have recently added to or reduced their stakes in HCC. BlackRock Inc. bought a new position in shares of Warrior Met Coal during the second quarter valued at about $606,503,000. Renaissance Technologies LLC raised its holdings in Warrior Met Coal by 22.6% in the 1st quarter. Renaissance Technologies LLC now owns 810,781 shares of the company’s stock worth $75,524,000 after purchasing an additional 149,600 shares during the period. Goehring & Rozencwajg Associates LLC purchased a new stake in Warrior Met Coal during the 1st quarter worth about $55,714,000. Bank of New York Mellon Corp purchased a new stake in Warrior Met Coal during the second quarter worth about $31,201,000. Finally, O Keefe Stevens Advisory Inc. raised its holdings in shares of Warrior Met Coal by 1.0% in the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 293,482 shares of the company’s stock worth $25,847,000 after purchasing an additional 2,913 shares during the period. 92.28% of the stock is owned by institutional investors.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc is a mining company focused on the production and export of high-quality metallurgical coal, also known as met coal. Its products are used primarily by steelmakers in the blast-furnace steelmaking process, where metallurgical coal is converted into coke to support the production of iron and steel.

The company operates underground coal mines and related processing facilities in the Brookwood coal-producing region of Alabama. Warrior Met Coal primarily produces premium hard coking coal and sells its products to customers in international steel markets, serving regions that include Europe, Asia, and the Americas.

Warrior Met Coal was formed from the assets of Walter Energy after Walter Energy’s bankruptcy and began operating as an independent public company in 2016.