Analysts Set Warrior Met Coal (NYSE:HCC) Price Target at $102.60

Warrior Met Coal (NYSE:HCC) has received a consensus rating of “Hold” from the seven brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $103.40.

Several equities research analysts have recently commented on HCC shares. Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. Jefferies Financial Group raised their price objective on Warrior Met Coal from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. B. Riley Financial reaffirmed a “buy” rating on shares of Warrior Met Coal in a report on Friday, February 13th. Citigroup boosted their target price on Warrior Met Coal from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Finally, UBS Group upped their target price on Warrior Met Coal from $101.00 to $105.00 and gave the company a “buy” rating in a report on Friday.

Insider Transactions at Warrior Met Coal

In other Warrior Met Coal news, insider Kelli K. Gant sold 10,000 shares of the firm’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $100.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the insider directly owned 70,580 shares in the company, valued at approximately $7,058,000. This trade represents a 12.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Walter J. Scheller sold 100,000 shares of Warrior Met Coal stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $100.31, for a total transaction of $10,031,000.00. Following the transaction, the chief executive officer owned 294,183 shares of the company’s stock, valued at approximately $29,509,496.73. The trade was a 25.37% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HCC. Maryland State Retirement & Pension System lifted its stake in Warrior Met Coal by 1.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 7,678 shares of the company’s stock valued at $677,000 after buying an additional 121 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Warrior Met Coal by 1.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,027 shares of the company’s stock valued at $1,060,000 after buying an additional 149 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Warrior Met Coal by 12.1% during the third quarter. Smartleaf Asset Management LLC now owns 1,559 shares of the company’s stock worth $99,000 after buying an additional 168 shares in the last quarter. Arizona State Retirement System increased its position in Warrior Met Coal by 1.4% during the third quarter. Arizona State Retirement System now owns 15,552 shares of the company’s stock worth $990,000 after buying an additional 213 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Warrior Met Coal by 3.2% in the third quarter. Nisa Investment Advisors LLC now owns 7,046 shares of the company’s stock worth $448,000 after acquiring an additional 216 shares during the last quarter. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Stock Up 3.7%

Shares of NYSE HCC opened at $99.19 on Friday. The stock has a market capitalization of $5.24 billion, a price-to-earnings ratio of 91.00 and a beta of 0.69. Warrior Met Coal has a 52 week low of $38.00 and a 52 week high of $105.35. The firm has a 50-day moving average price of $88.60 and a 200 day moving average price of $80.35. The company has a quick ratio of 2.27, a current ratio of 3.19 and a debt-to-equity ratio of 0.11.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Thursday, February 12th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.18). Warrior Met Coal had a return on equity of 2.71% and a net margin of 4.35%.The company had revenue of $383.99 million for the quarter, compared to analyst estimates of $381.72 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 29.1% compared to the same quarter last year. Equities research analysts anticipate that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 23rd were given a $0.08 dividend. The ex-dividend date was Monday, February 23rd. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. Warrior Met Coal’s payout ratio is currently 29.36%.

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.