Warrior Met Coal (NYSE:HCC) Stock Rated "Moderate Buy" by Wall Street Analysts

Key Points

• Wall Street maintains a “Moderate Buy” consensus on Warrior Met Coal, with four buy and four hold ratings. The average 12-month price target is $103.83, above the reported share price of $89.49.
• Warrior Met Coal reported strong quarterly results, posting $1.65 in EPS versus the $1.40 estimate and $509.69 million in revenue, up 71.3% year over year. The company also declared a quarterly dividend of $0.08 per share.
• Institutional investors own 92.28% of the company, including a newly acquired $606.5 million BlackRock position, while insiders sold 104,800 shares worth $11.25 million during the last quarter.

Shares of Warrior Met Coal (NYSE:HCC - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eight research firms that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $103.83.

Several analysts have issued reports on the company. B. Riley Financial boosted their target price on Warrior Met Coal from $117.00 to $123.00 and gave the company a "buy" rating in a research note on Wednesday, June 10th. Weiss Ratings upgraded Warrior Met Coal from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. Zacks Research downgraded Warrior Met Coal from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 7th. Wall Street Zen raised Warrior Met Coal from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Finally, Royal Bank Of Canada boosted their price objective on Warrior Met Coal from $90.00 to $110.00 and gave the company a "sector perform" rating in a research note on Wednesday, September 16th.

Insider Activity

In related news, CEO Walter Scheller sold 50,000 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $105.00, for a total transaction of $5,250,000.00. Following the sale, the chief executive officer directly owned 317,793 shares in the company, valued at approximately $33,368,265. This represents a 13.59% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen D. Williams sold 4,800 shares of the firm'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 completion of the transaction, the director directly 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 104,800 shares of company stock valued at $11,250,304 in the last quarter. Corporate insiders own 2.10% of the company's stock.

Institutional Investors Weigh In On Warrior Met Coal

A number of hedge funds and other institutional investors have recently bought and sold shares of HCC. BlackRock Inc. bought a new position in shares of Warrior Met Coal in the second quarter worth $606,503,000. Renaissance Technologies LLC grew its position in shares of Warrior Met Coal by 22.6% in the first quarter. Renaissance Technologies LLC now owns 810,781 shares of the company's stock valued at $75,524,000 after purchasing an additional 149,600 shares in the last quarter. Goehring & Rozencwajg Associates LLC bought a new stake in shares of Warrior Met Coal during the 1st quarter valued at $55,714,000. Encompass Capital Advisors LLC bought a new stake in shares of Warrior Met Coal during the 4th quarter valued at $33,133,000. Finally, Bank of New York Mellon Corp purchased a new stake in Warrior Met Coal during the 2nd quarter worth about $31,201,000. Institutional investors own 92.28% of the company's stock.

Warrior Met Coal Trading Down 3.2%

Shares of HCC stock opened at $89.49 on Thursday. The company has a 50 day moving average of $95.79 and a 200-day moving average of $91.05. 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 has a 12-month low of $61.87 and a 12-month high of $111.42. The firm has a market cap of $4.72 billion, a P/E ratio of 21.51 and a beta of 0.72.

Warrior Met Coal (NYSE:HCC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.40 by $0.25. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%.The business had revenue of $509.69 million for the quarter, compared to the consensus estimate of $488.46 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. Warrior Met Coal's revenue for the quarter was up 71.3% on a year-over-year basis. Sell-side analysts anticipate that Warrior Met Coal will post 5.74 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were paid a $0.08 dividend. The ex-dividend date was Monday, August 10th. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. Warrior Met Coal's dividend payout ratio (DPR) is presently 7.69%.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc NYSE: HCC is a U.S.-based producer and exporter of metallurgical coal, also known as coking coal. Its products are used primarily by global steelmakers in blast-furnace steel production, where metallurgical coal is converted into coke to support the conversion of iron ore into steel.

The company operates underground coal mines and related processing and transportation facilities in the Brookwood coal mine area of central Alabama. Warrior Met Coal's product portfolio is focused on premium high-volatility metallurgical coal, which it sells to customers in domestic and international steel markets.

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