Warrior Met Coal (NYSE:HCC) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Warrior Met Coal has a “Moderate Buy” consensus rating from seven analysts, with four buys and three holds; the average 12-month price target is $102.60.
• The company exceeded quarterly expectations, reporting EPS of $1.65 versus the $1.40 consensus and revenue of $509.69 million, up 71.3% year over year.
• Insiders sold 104,800 shares worth approximately $11.25 million during the quarter, while institutional investors own 92.28% of the company’s stock.

Warrior Met Coal (NYSE:HCC - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven research firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $102.60.

HCC has been the subject of several analyst reports. Zacks Research cut shares of Warrior Met Coal from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 7th. Citigroup restated a "buy" rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. UBS Group lowered their price objective on shares of 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. Weiss Ratings raised shares of Warrior Met Coal from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. Finally, B. Riley Financial increased their target price on shares of Warrior Met Coal from $117.00 to $123.00 and gave the stock a "buy" rating in a report on Wednesday, June 10th.

Warrior Met Coal Stock Performance

Shares of HCC stock opened at $97.90 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.79 and a current ratio of 3.93. Warrior Met Coal has a fifty-two week low of $57.53 and a fifty-two week high of $111.42. The stock has a 50 day moving average price of $92.06 and a two-hundred day moving average price of $90.20. The company has a market capitalization of $5.17 billion, a P/E ratio of 23.53 and a beta of 0.67.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its earnings results 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. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The firm had revenue of $509.69 million for the quarter, compared to analysts' expectations of $488.46 million. During the same quarter last year, the business earned $0.11 earnings per share. The business's revenue was up 71.3% on a year-over-year basis. Analysts expect that Warrior Met Coal will post 5.74 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. Warrior Met Coal's dividend payout ratio is presently 7.69%.

Insider Activity at Warrior Met Coal

In other news, Director Stephen D. Williams sold 4,800 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total transaction of $500,304.00. Following the transaction, the director directly owned 30,303 shares of the company's stock, valued at approximately $3,158,481.69. The trade was a 13.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Walter Scheller sold 50,000 shares of the company's stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $110.00, for a total value of $5,500,000.00. Following the transaction, the chief executive officer owned 267,793 shares of the company's stock, valued at approximately $29,457,230. This represents a 15.73% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 104,800 shares of company stock valued at $11,250,304. Company insiders own 2.10% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new stake in shares of Warrior Met Coal in the 2nd quarter worth about $31,000. Meeder Asset Management Inc. bought a new position in Warrior Met Coal in the fourth quarter worth about $31,000. EverSource Wealth Advisors LLC raised its stake in Warrior Met Coal by 217.2% in the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company's stock worth $31,000 after buying an additional 467 shares in the last quarter. Parallel Advisors LLC raised its stake in 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 in the last quarter. Finally, IFP Advisors Inc purchased a new stake in Warrior Met Coal in the fourth quarter worth about $37,000. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc is a mining company that produces and exports metallurgical coal used primarily in steelmaking. The company operates underground mines and related processing facilities in Alabama's Blue Creek coal seam, producing high-quality, low-volatility metallurgical coal for use in blast-furnace steel production.

The company sells its products to steel producers and coke manufacturers in international markets, serving customers across regions that include Europe, Asia and South America.

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