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 company’s 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 transaction, the chief executive officer directly owned 267,793 shares in the company, valued at approximately $29,457,230. The trade was a 15.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Warrior Met Coal Stock Performance

Warrior Met Coal stock opened at $105.15 on Thursday. Warrior Met Coal has a 52 week low of $54.66 and a 52 week high of $111.20. The company has a current ratio of 3.93, a quick ratio of 2.79 and a debt-to-equity ratio of 0.10. The stock has a market cap of $5.55 billion, a P/E ratio of 25.28 and a beta of 0.65. The stock has a 50 day moving average of $87.01 and a 200-day moving average of $88.76.

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 during the quarter, compared to analyst estimates of $488.46 million. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The business’s revenue was up 71.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 earnings per share. On average, analysts expect that Warrior Met Coal will post 5.74 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Zacks Research cut shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. B. Riley Financial boosted their price objective on Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Weiss Ratings upgraded Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. UBS Group reduced their target price on Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Finally, Citigroup reiterated a “buy” rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Warrior Met Coal currently has a consensus rating of “Moderate Buy” and an average price target of $102.60.

Institutional Investors Weigh In On Warrior Met Coal

A number of institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its stake in Warrior Met Coal by 2,821,294.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 987,488 shares of the company’s stock valued at $87,067,000 after buying an additional 987,453 shares during the last quarter. M&T Bank Corp bought a new position in shares of Warrior Met Coal during the fourth quarter worth about $3,045,000. Ashoka WhiteOak Capital Pte Ltd acquired a new stake in shares of Warrior Met Coal in the 2nd quarter worth about $11,394,000. Deutsche Bank AG acquired a new stake in shares of Warrior Met Coal in the 2nd quarter worth about $10,641,000. Finally, Geode Capital Management LLC increased its holdings in shares of Warrior Met Coal by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 1,280,332 shares of the company’s stock worth $112,912,000 after acquiring an additional 37,057 shares during the period. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Company 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.