Warrior Met Coal (NYSE:HCC) Receives $102.60 Consensus Price Target from Analysts

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

Several equities research analysts recently issued reports on the stock. Citigroup reaffirmed a “buy” rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. 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 research report on Thursday, August 6th. Zacks Research cut shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings upgraded shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th.

Warrior Met Coal Price Performance

Shares of HCC stock opened at $88.06 on Friday. The business has a fifty day simple moving average of $93.34 and a 200 day simple moving average of $90.40. The company has a market cap of $4.65 billion, a P/E ratio of 21.17 and a beta of 0.67. The company has a quick ratio of 2.79, a current ratio of 3.93 and a debt-to-equity ratio of 0.10. Warrior Met Coal has a twelve month low of $60.70 and a twelve month high of $111.42.

Warrior Met Coal (NYSE:HCC) last released 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 for 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 for the quarter was up 71.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.11 earnings per share. On average, sell-side analysts forecast that Warrior Met Coal will post 5.74 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were issued a $0.08 dividend. 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 dividend payout ratio is presently 7.69%.

Insider Activity

In other news, Director Stephen Williams sold 4,800 shares of Warrior Met Coal stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total transaction of $500,304.00. Following the sale, the director directly owned 30,303 shares of the company’s stock, 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 document filed with the SEC, which can be accessed through the SEC website. Also, CEO Walter J. Scheller sold 50,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $105.00, for a total value of $5,250,000.00. Following the sale, the chief executive officer owned 317,793 shares in the company, valued at approximately $33,368,265. This trade represents a 13.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 104,800 shares of company stock valued at $11,250,304 over the last quarter. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Warrior Met Coal

A number of institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC increased its position in Warrior Met Coal by 11.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,715 shares of the company’s stock valued at $220,000 after acquiring an additional 272 shares during the period. WINTON GROUP Ltd lifted its holdings in shares of Warrior Met Coal by 4.1% during the second quarter. WINTON GROUP Ltd now owns 14,587 shares of the company’s stock worth $1,184,000 after purchasing an additional 574 shares during the period. Arizona State Retirement System lifted its holdings 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 worth $1,182,000 after purchasing an additional 113 shares during the period. Nykredit A S bought a new stake in shares of Warrior Met Coal in the second quarter worth $50,000. Finally, NWF Advisory Services Inc. grew its stake in shares of Warrior Met Coal by 4.7% in the second quarter. NWF Advisory Services Inc. now owns 93,355 shares of the company’s stock worth $7,577,000 after purchasing an additional 4,150 shares during the last quarter. 92.28% of the stock is owned by institutional investors.

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.