Warrior Met Coal (NYSE:HCC) Receives Consensus Rating of “Hold” from Brokerages

Warrior Met Coal (NYSE:HCC) has received a consensus rating of “Hold” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $102.60.

A number of equities research analysts have issued reports on HCC shares. Jefferies Financial Group increased their price target on Warrior Met Coal from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Citigroup increased 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. B. Riley Financial reissued a “buy” rating on shares of Warrior Met Coal in a report on Friday, February 13th. Zacks Research lowered shares of Warrior Met Coal from a “hold” rating to a “strong sell” rating in a report on Thursday, February 5th. Finally, UBS Group boosted their target price on shares of Warrior Met Coal from $100.00 to $101.00 and gave the stock a “buy” rating in a report on Thursday, March 12th.

Insider Transactions at Warrior Met Coal

In other news, insider Kelli K. Gant sold 10,000 shares of the stock in a transaction that occurred on Monday, January 12th. The stock was 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 represents a 12.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Walter J. Scheller sold 100,000 shares of the business’s stock in a transaction on 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 completion of the sale, the chief executive officer owned 294,183 shares in the company, valued at $29,509,496.73. This represents 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 insiders.

Institutional Trading of Warrior Met Coal

Large investors have recently made changes to their positions in the business. Allianz Asset Management GmbH increased its position in shares of Warrior Met Coal by 9.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,543,673 shares of the company’s stock valued at $98,239,000 after purchasing an additional 130,396 shares during the last quarter. Geode Capital Management LLC increased its position in Warrior Met Coal by 1.3% during the second quarter. Geode Capital Management LLC now owns 1,269,888 shares of the company’s stock valued at $58,210,000 after acquiring an additional 15,851 shares during the last quarter. QV Investors Inc. purchased a new stake in shares of Warrior Met Coal in the third quarter valued at $10,549,000. Victory Capital Management Inc. lifted its holdings in shares of Warrior Met Coal by 7.3% in the 3rd quarter. Victory Capital Management Inc. now owns 818,593 shares of the company’s stock worth $52,095,000 after acquiring an additional 55,416 shares during the last quarter. Finally, Affinity Wealth Management LLC purchased a new position in shares of Warrior Met Coal during the 3rd quarter worth about $2,167,000. 92.28% of the stock is currently owned by institutional investors.

Warrior Met Coal Price Performance

Shares of NYSE:HCC opened at $88.39 on Friday. The company has a market capitalization of $4.67 billion, a P/E ratio of 81.09 and a beta of 0.69. Warrior Met Coal has a 1-year low of $38.00 and a 1-year high of $105.35. The firm’s 50 day simple moving average is $89.22 and its two-hundred day simple moving average is $79.04. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.19 and a quick ratio of 2.27.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $383.99 million during the quarter, compared to analysts’ expectations of $381.72 million. During the same period last year, the company earned $0.15 earnings per share. The business’s revenue for the quarter was up 29.1% on a year-over-year basis. Research analysts expect that Warrior Met Coal will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 23rd were given a dividend of $0.08 per share. The ex-dividend date was Monday, February 23rd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. Warrior Met Coal’s dividend payout ratio (DPR) is presently 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.