Warrior Met Coal (NYSE:HCC) Stock Price Down 5.1% – Here’s What Happened

Warrior Met Coal (NYSE:HCC)’s share price was down 5.1% during mid-day trading on Thursday . The stock traded as low as $103.89 and last traded at $103.0420. Approximately 37,327 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 838,670 shares. The stock had previously closed at $108.53.

Analyst Upgrades and Downgrades

HCC has been the subject of a number of research reports. UBS Group decreased their price target on Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. B. Riley Financial upped their price objective on Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a report on Wednesday, June 10th. Weiss Ratings upgraded Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Zacks Research lowered Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $102.60.

Warrior Met Coal Stock Up 1.2%

The company has a debt-to-equity ratio of 0.10, a current ratio of 3.93 and a quick ratio of 2.79. The stock has a market capitalization of $5.52 billion, a P/E ratio of 25.12 and a beta of 0.67. The stock’s fifty day moving average is $89.82 and its two-hundred day moving average is $89.61.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.25. The company 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 firm’s revenue was up 71.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 earnings per share. As a group, research analysts predict that Warrior Met Coal will post 5.74 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were issued a dividend of $0.08 per share. 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 currently 7.69%.

Insiders Place Their Bets

In related 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 value of $500,304.00. Following the transaction, the director 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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. The trade was a 13.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 104,800 shares of company stock valued at $11,250,304 in the last quarter. 2.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Warrior Met Coal

Several hedge funds have recently made changes to their positions in HCC. Meeder Asset Management Inc. purchased a new position in Warrior Met Coal during the 4th quarter worth approximately $31,000. Quantbot Technologies LP purchased a new stake in shares of Warrior Met Coal in the second quarter valued at $31,000. Parallel Advisors LLC boosted its position in shares of Warrior Met Coal by 272.1% in the fourth quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock worth $36,000 after buying an additional 302 shares during the period. IFP Advisors Inc acquired a new stake in shares of Warrior Met Coal in the fourth quarter worth $37,000. Finally, Allworth Financial LP purchased a new position in shares of Warrior Met Coal during the second quarter valued at $39,000. Hedge funds and other institutional investors own 92.28% of the company’s stock.

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.