Warrior Met Coal (NYSE:HCC) Stock Gets Price Target Reduction from UBS Group

Warrior Met Coal (NYSE:HCC) had its target price cut by UBS Group from $102.00 to $97.00 in a research report report published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts also recently commented on HCC. B. Riley Financial dropped their target price on shares of Warrior Met Coal from $123.00 to $122.00 and set a “buy” rating on the stock in a research report on Monday, October 26th. Jefferies Financial Group reissued a “buy” rating on shares of Warrior Met Coal in a research report on Thursday, October 29th. Wall Street Zen cut shares of Warrior Met Coal from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 31st. Weiss Ratings upgraded shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Finally, Zacks Research lowered Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $109.80.

Warrior Met Coal Stock Performance

Shares of Warrior Met Coal stock opened at $84.20 on Thursday. The firm has a market capitalization of $4.45 billion, a P/E ratio of 19.18 and a beta of 0.75. Warrior Met Coal has a 52 week low of $71.79 and a 52 week high of $111.42. The company has a quick ratio of 2.79, a current ratio of 4.20 and a debt-to-equity ratio of 0.10. The firm’s 50 day moving average is $91.51 and its two-hundred day moving average is $89.78.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.62). Warrior Met Coal had a return on equity of 10.34% and a net margin of 12.47%. The company had revenue of $507.93 million for the quarter, compared to analyst estimates of $505.84 million. During the same period in the previous year, the business posted $0.70 EPS. The firm’s revenue for the quarter was up 54.6% compared to the same quarter last year. Research analysts forecast that Warrior Met Coal will post 5.41 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, November 6th will be paid a $0.08 dividend. The ex-dividend date is Friday, November 6th. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Warrior Met Coal’s payout ratio is currently 7.29%.

Insider Activity at Warrior Met Coal

In other news, Director Stephen D. Williams sold 4,800 shares of Warrior Met Coal 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 transaction, the director directly owned 30,303 shares of the company’s stock, valued at $3,158,481.69. The trade was a 13.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Walter Scheller sold 50,000 shares of Warrior Met Coal stock in a transaction on Monday, August 24th. The shares were sold at an average price of $110.00, for a total transaction of $5,500,000.00. Following the completion of the transaction, the chief executive officer directly owned 267,793 shares in the company, valued at $29,457,230. The trade was a 15.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 104,800 shares of company stock valued at $11,250,304 over the last three months. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HCC. Arizona State Retirement System raised its stake in 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 in the last quarter. Kestra Advisory Services LLC lifted 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 worth $1,066,000 after buying an additional 172 shares during the last quarter. GAMMA Investing LLC lifted its holdings 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 buying an additional 230 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of 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 last quarter. Finally, Hardin Capital Partners LLC increased its holdings in shares of Warrior Met Coal by 11.6% in the 3rd quarter. Hardin Capital Partners LLC now owns 2,893 shares of the company’s stock valued at $255,000 after acquiring an additional 300 shares during the last quarter. 92.28% of the stock is owned by hedge funds and other institutional investors.

About Warrior Met Coal

Warrior Met Coal, Inc is a mining company focused on the production and export of high-quality metallurgical coal, also known as met coal. Its products are used primarily by steelmakers in the blast-furnace steelmaking process, where metallurgical coal is converted into coke to support the production of iron and steel.

The company operates underground coal mines and related processing facilities in the Brookwood coal-producing region of Alabama. Warrior Met Coal primarily produces premium hard coking coal and sells its products to customers in international steel markets, serving regions that include Europe, Asia, and the Americas.

Warrior Met Coal was formed from the assets of Walter Energy after Walter Energy’s bankruptcy and began operating as an independent public company in 2016.