Warrior Met Coal (NYSE:HCC) Given Consensus Recommendation of “Hold” by Brokerages

Warrior Met Coal (NYSE:HCC) has been given a consensus recommendation of “Hold” by the seven analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $103.40.

HCC has been the topic of a number of recent research reports. Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. Weiss Ratings raised Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, June 3rd. Zacks Research downgraded Warrior Met Coal from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. 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 report on Wednesday. Finally, UBS Group decreased their price objective on Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating on the stock in a report on Friday, May 1st.

Insider Activity at Warrior Met Coal

In other news, insider Kelli K. Gant sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total value of $2,200,000.00. Following the transaction, the insider directly owned 67,775 shares of the company’s stock, valued at $7,455,250. The trade was a 22.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HCC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Warrior Met Coal by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,860 shares of the company’s stock worth $1,473,000 after acquiring an additional 1,351 shares in the last quarter. Intech Investment Management LLC boosted its holdings in shares of Warrior Met Coal by 14.6% in the 1st quarter. Intech Investment Management LLC now owns 34,812 shares of the company’s stock worth $1,661,000 after acquiring an additional 4,441 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Warrior Met Coal by 7.7% in the 2nd quarter. Hsbc Holdings PLC now owns 6,479 shares of the company’s stock worth $300,000 after acquiring an additional 464 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Warrior Met Coal by 217.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after acquiring an additional 467 shares in the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of Warrior Met Coal by 75.1% in the 2nd quarter. Marshall Wace LLP now owns 10,085 shares of the company’s stock worth $462,000 after acquiring an additional 4,324 shares in the last quarter. 92.28% of the stock is owned by institutional investors and hedge funds.

Warrior Met Coal Trading Down 0.9%

Shares of HCC opened at $94.33 on Friday. Warrior Met Coal has a 12-month low of $40.80 and a 12-month high of $110.39. The company has a quick ratio of 2.42, a current ratio of 3.48 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 36.00 and a beta of 0.62. The stock’s 50-day moving average price is $91.11 and its 200 day moving average price is $89.13.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.04). The firm had revenue of $458.59 million for the quarter, compared to the consensus estimate of $467.57 million. Warrior Met Coal had a net margin of 9.36% and a return on equity of 6.44%. The company’s revenue was up 52.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.16) earnings per share. As a group, research analysts predict that Warrior Met Coal will post 6.89 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 7th. Stockholders of record on Friday, May 1st were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, May 1st. Warrior Met Coal’s payout ratio is presently 12.21%.

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.