Walter Scheller Sells 50,000 Shares of Warrior Met Coal (NYSE:HCC) Stock

Warrior Met Coal (NYSE:HCC) CEO Walter Scheller sold 50,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $110.00, for a total value of $5,500,000.00. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Warrior Met Coal Stock Up 3.0%

HCC opened at $108.42 on Friday. The business’s 50-day simple moving average is $87.37 and its 200-day simple moving average is $88.89. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.79 and a current ratio of 3.93. Warrior Met Coal has a one year low of $54.66 and a one year high of $111.20. The stock has a market capitalization of $5.72 billion, a P/E ratio of 26.06 and a beta of 0.65.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.25. The firm had revenue of $509.69 million during the quarter, compared to analysts’ expectations 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 prior year, the firm earned $0.11 EPS. Analysts anticipate that Warrior Met Coal will post 5.74 EPS for the current year.

Warrior Met Coal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th 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 Monday, August 10th. Warrior Met Coal’s dividend payout ratio is presently 7.69%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System lifted its holdings in shares of Warrior Met Coal by 7,946.6% during the second quarter. California State Teachers Retirement System now owns 4,949,461 shares of the company’s stock worth $401,698,000 after purchasing an additional 4,887,951 shares during the period. NWF Advisory Services Inc. increased its stake in Warrior Met Coal by 4.7% in the 2nd quarter. NWF Advisory Services Inc. now owns 93,355 shares of the company’s stock valued at $7,577,000 after buying an additional 4,150 shares during the period. Nykredit A S acquired a new position in Warrior Met Coal in the 2nd quarter valued at $50,000. Maple Rock Capital Partners Inc. raised its position in Warrior Met Coal by 77.2% during the 2nd quarter. Maple Rock Capital Partners Inc. now owns 253,559 shares of the company’s stock worth $20,579,000 after buying an additional 110,500 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Warrior Met Coal during the 2nd quarter worth $863,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HCC. UBS Group cut their target price on shares of Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Citigroup reiterated a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. Zacks Research downgraded 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 lifted their price objective on shares of Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Finally, Weiss Ratings raised shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $102.60.

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.