Warrior Met Coal (NYSE:HCC) Given Average Rating of “Moderate Buy” by Analysts

Shares of Warrior Met Coal (NYSE:HCC) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $103.8333.

A number of equities research analysts recently issued reports on HCC shares. Royal Bank Of Canada boosted their price objective on Warrior Met Coal from $90.00 to $110.00 and gave the company a “sector perform” rating in a research note on Wednesday. Weiss Ratings upgraded shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. 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. Finally, UBS Group dropped their price target on shares of Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th.

Insider Activity at Warrior Met Coal

In related news, Director Stephen D. Williams sold 4,800 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total value of $500,304.00. Following the sale, the director owned 30,303 shares in the company, valued at approximately $3,158,481.69. This trade represents a 13.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Walter Scheller sold 50,000 shares of Warrior Met Coal stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $105.00, for a total value 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. This represents a 13.59% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 104,800 shares of company stock valued at $11,250,304. 2.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Warrior Met Coal

A number of institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its position in shares of Warrior Met Coal by 2,821,294.3% during the 4th 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 in the last quarter. Ashoka WhiteOak Capital Pte Ltd purchased a new position in Warrior Met Coal in the second quarter worth $11,394,000. Deutsche Bank AG bought a new position in Warrior Met Coal in the second quarter valued at $10,641,000. Maple Rock Capital Partners Inc. increased its stake in Warrior Met Coal by 77.2% in the second quarter. Maple Rock Capital Partners Inc. now owns 253,559 shares of the company’s stock valued at $20,579,000 after acquiring an additional 110,500 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Warrior Met Coal by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 1,280,332 shares of the company’s stock valued at $112,912,000 after acquiring an additional 37,057 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors.

Warrior Met Coal Stock Performance

NYSE:HCC opened at $91.84 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.93 and a quick ratio of 2.79. The business has a fifty day simple moving average of $93.18 and a two-hundred day simple moving average of $90.41. Warrior Met Coal has a 1 year low of $60.70 and a 1 year high of $111.42. The company has a market capitalization of $4.85 billion, a P/E ratio of 22.08 and a beta of 0.67.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.25. The firm had revenue of $509.69 million for the quarter, compared to analyst estimates 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 revenue was up 71.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 earnings per share. On average, analysts expect that Warrior Met Coal will post 5.74 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

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

About Warrior Met Coal

Warrior Met Coal, Inc is a mining company that produces and exports metallurgical coal used primarily in steelmaking. The company operates underground mines and related processing facilities in Alabama’s Blue Creek coal seam, producing high-quality, low-volatility metallurgical coal for use in blast-furnace steel production.

The company sells its products to steel producers and coke manufacturers in international markets, serving customers across regions that include Europe, Asia and South America.