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

Shares of Warrior Met Coal (NYSE:HCC) have been given a consensus recommendation of “Moderate Buy” by the seven analysts that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $102.60.

HCC has been the topic of a number of research analyst reports. UBS Group decreased their price target on Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Zacks Research downgraded shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Citigroup reiterated a “buy” rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. 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. Finally, Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th.

Insider Transactions at Warrior Met Coal

In related news, CEO Walter J. Scheller sold 50,000 shares of the stock in a transaction on 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 transaction, the chief executive officer directly owned 317,793 shares of the company’s stock, valued at approximately $33,368,265. This trade represents a 13.59% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kelli K. Gant sold 20,000 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the transaction, the insider directly owned 67,775 shares in the company, valued at $7,455,250. This trade represents a 22.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 74,800 shares of company stock worth $7,950,304 in the last ninety days. Insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Warrior Met Coal

Several hedge funds and other institutional investors have recently modified their holdings of the company. California State Teachers Retirement System grew its holdings in shares of Warrior Met Coal by 7,946.6% during the 2nd 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 position in Warrior Met Coal by 4.7% during the 2nd 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 in the last quarter. Nykredit A S purchased a new position in Warrior Met Coal in the second quarter valued at approximately $50,000. Maple Rock Capital Partners Inc. lifted its position in Warrior Met Coal by 77.2% during the second quarter. Maple Rock Capital Partners Inc. now owns 253,559 shares of the company’s stock valued at $20,579,000 after buying an additional 110,500 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Warrior Met Coal during the second quarter valued at approximately $863,000. 92.28% of the stock is owned by institutional investors and hedge funds.

Warrior Met Coal Trading Down 1.3%

Shares of Warrior Met Coal stock opened at $105.23 on Wednesday. Warrior Met Coal has a fifty-two week low of $54.66 and a fifty-two week high of $111.20. The firm has a market cap of $5.56 billion, a PE ratio of 25.29 and a beta of 0.65. The business’s fifty day moving average is $86.82 and its two-hundred day moving average is $88.63. 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 (NYSE:HCC) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.25. The business 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 was up 71.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 earnings per share. Analysts anticipate that Warrior Met Coal will post 5.74 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. Warrior Met Coal’s payout ratio is currently 7.69%.

About Warrior Met Coal

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.