Warrior Met Coal (NYSE:HCC) Stock Price Down 4.6% – Time to Sell?

Warrior Met Coal (NYSE:HCC)’s share price dropped 4.6% during trading on Tuesday. The stock traded as low as $88.16 and last traded at $87.49. Approximately 135,206 shares were traded during trading, a decline of 84% from the average daily volume of 823,527 shares. The stock had previously closed at $91.75.

Analysts Set New Price Targets

HCC has been the subject of a number of research reports. UBS Group reduced their price target on shares of Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Citigroup reaffirmed a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. Wall Street Zen upgraded shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. 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. Finally, B. Riley Financial lifted their price target on Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $103.83.

Warrior Met Coal Stock Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.79 and a current ratio of 3.93. The company has a market cap of $4.65 billion, a PE ratio of 21.19 and a beta of 0.67. The company’s 50 day moving average price is $94.72 and its 200-day moving average price is $90.92.

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. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%.The firm had revenue of $509.69 million for the quarter, compared to analyst estimates of $488.46 million. During the same period in the previous year, the company posted $0.11 earnings per share. The business’s revenue was up 71.3% on a year-over-year basis. Equities research analysts anticipate that Warrior Met Coal will post 5.74 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

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 0.4%. The ex-dividend date of this dividend was Monday, August 10th. Warrior Met Coal’s payout ratio is presently 7.69%.

Insider Buying and Selling at Warrior Met Coal

In other news, Director Stephen D. Williams sold 4,800 shares of the company’s stock in a transaction 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 owned 30,303 shares of the company’s stock, valued at approximately $3,158,481.69. This represents a 13.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Walter Scheller sold 50,000 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $105.00, for a total transaction of $5,250,000.00. Following the transaction, the chief executive officer directly owned 317,793 shares in the company, valued at approximately $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 sold 104,800 shares of company stock worth $11,250,304. Insiders own 2.10% of the company’s stock.

Institutional Trading of Warrior Met Coal

Several institutional investors have recently added to or reduced their stakes in the business. Arizona State Retirement System grew its stake in shares of Warrior Met Coal by 0.8% during the second quarter. Arizona State Retirement System now owns 14,569 shares of the company’s stock valued at $1,182,000 after buying an additional 113 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in Warrior Met Coal by 1.5% during the 1st quarter. Kestra Advisory Services LLC now owns 11,440 shares of the company’s stock valued at $1,066,000 after acquiring an additional 172 shares during the period. BTC Capital Management Inc. boosted its holdings in Warrior Met Coal by 3.0% during the 1st quarter. BTC Capital Management Inc. now owns 7,824 shares of the company’s stock valued at $729,000 after acquiring an additional 225 shares during the period. GAMMA Investing LLC grew its position in Warrior Met Coal by 9.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,560 shares of the company’s stock worth $208,000 after acquiring an additional 230 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in Warrior Met Coal by 11.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,715 shares of the company’s stock worth $220,000 after acquiring an additional 272 shares during the last quarter. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

About Warrior Met Coal

Warrior Met Coal, Inc (NYSE: HCC) is a U.S.-based producer and exporter of metallurgical coal, also known as coking coal. Its products are used primarily by global steelmakers in blast-furnace steel production, where metallurgical coal is converted into coke to support the conversion of iron ore into steel.

The company operates underground coal mines and related processing and transportation facilities in the Brookwood coal mine area of central Alabama. Warrior Met Coal’s product portfolio is focused on premium high-volatility metallurgical coal, which it sells to customers in domestic and international steel markets.