Brokerages Set Warrior Met Coal (NYSE:HCC) PT at $102.80

Shares of Warrior Met Coal (NYSE:HCC) have earned a consensus rating of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $102.80.

Several equities analysts recently commented on the stock. UBS Group dropped their price target on shares of Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Jefferies Financial Group upped their price target on shares of Warrior Met Coal from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. Zacks Research lowered shares of Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Warrior Met Coal in a research report on Friday, February 13th.

Institutional Investors Weigh In On Warrior Met Coal

Institutional investors have recently bought and sold shares of the business. Allianz Asset Management GmbH grew its stake in Warrior Met Coal by 9.2% during the third quarter. Allianz Asset Management GmbH now owns 1,543,673 shares of the company’s stock worth $98,239,000 after buying an additional 130,396 shares during the period. Victory Capital Management Inc. grew its stake in Warrior Met Coal by 7.3% during the third quarter. Victory Capital Management Inc. now owns 818,593 shares of the company’s stock worth $52,095,000 after buying an additional 55,416 shares during the period. QV Investors Inc. purchased a new stake in Warrior Met Coal during the third quarter worth approximately $10,549,000. Capital International Investors grew its stake in Warrior Met Coal by 27.1% during the third quarter. Capital International Investors now owns 852,403 shares of the company’s stock worth $54,247,000 after buying an additional 181,975 shares during the period. Finally, Affinity Wealth Management LLC purchased a new stake in Warrior Met Coal during the third quarter worth approximately $2,167,000. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

Warrior Met Coal Stock Performance

Shares of HCC stock opened at $85.09 on Monday. Warrior Met Coal has a one year low of $40.80 and a one year high of $105.35. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.42 and a current ratio of 3.48. The company has a 50 day moving average price of $88.34 and a 200 day moving average price of $86.33. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 32.48 and a beta of 0.61.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.04). Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.The company had revenue of $458.59 million for the quarter, compared to analyst estimates of $467.57 million. During the same period last year, the company posted ($0.16) EPS. The business’s revenue for the quarter was up 52.9% on a year-over-year basis. Sell-side analysts anticipate that Warrior Met Coal will post 6.78 EPS for the current year.

Warrior Met Coal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 7th. Investors of record on Friday, May 1st were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $0.32 annualized dividend and a yield of 0.4%. Warrior Met Coal’s dividend payout ratio is 12.21%.

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.