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

Key Points

• Analysts maintain a moderately bullish view: Warrior Met Coal has a consensus “Moderate Buy” rating from eight analysts, split between four buys and four holds, with an average 12-month price target of $104.33.
• Recent performance exceeded expectations: The company reported quarterly EPS of $1.65 versus the $1.40 consensus estimate, while revenue rose 71.3% year over year to $509.69 million.
• Insiders have been selling shares: Company insiders sold 104,800 shares worth approximately $11.25 million during the last quarter, while institutional investors and hedge funds own 92.28% of the stock.

Shares of Warrior Met Coal (NYSE:HCC - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eight analysts that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $104.33.

A number of research firms have recently issued reports on HCC. UBS Group boosted their price target on shares of Warrior Met Coal from $98.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, October 8th. Zacks Research cut shares of Warrior Met Coal from a "strong-buy" rating to a "hold" rating in a report on Friday, August 7th. Weiss Ratings upgraded Warrior Met Coal from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. B. Riley Financial dropped their price objective on shares of Warrior Met Coal from $123.00 to $122.00 and set a "buy" rating on the stock in a research note on Monday, October 26th. Finally, Wall Street Zen downgraded shares of Warrior Met Coal from a "strong-buy" rating to a "buy" rating in a research note on Saturday.

Insider Activity

In other news, Director Stephen Williams sold 4,800 shares of Warrior Met Coal 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 in the company, valued at approximately $3,158,481.69. The trade was a 13.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Walter J. Scheller sold 50,000 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $110.00, for a total transaction of $5,500,000.00. Following the completion of the sale, the chief executive officer owned 267,793 shares of the company's stock, valued at approximately $29,457,230. This trade represents a 15.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 104,800 shares of company stock worth $11,250,304. 2.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Warrior Met Coal

Large investors have recently added to or reduced their stakes in the company. Covestor Ltd raised its holdings in shares of Warrior Met Coal by 14,925.0% in the third quarter. Covestor Ltd now owns 1,202 shares of the company's stock valued at $106,000 after purchasing an additional 1,194 shares during the last quarter. Lifetime Wealth Management P.C. increased its position in shares of Warrior Met Coal by 10.2% during the third quarter. Lifetime Wealth Management P.C. now owns 43,087 shares of the company's stock valued at $3,795,000 after buying an additional 4,000 shares during the period. Ashoka WhiteOak Capital Pte Ltd raised its holdings in Warrior Met Coal by 0.8% in the 3rd quarter. Ashoka WhiteOak Capital Pte Ltd now owns 142,082 shares of the company's stock worth $12,507,000 after purchasing an additional 1,080 shares during the period. Choreo LLC raised its position in Warrior Met Coal by 17.2% during the third quarter. Choreo LLC now owns 5,408 shares of the company's stock valued at $476,000 after purchasing an additional 792 shares during the period. Finally, Lakewood Asset Management LLC boosted its stake in Warrior Met Coal by 4.1% in the third quarter. Lakewood Asset Management LLC now owns 7,797 shares of the company's stock valued at $687,000 after acquiring an additional 304 shares in the last quarter. 92.28% of the stock is owned by institutional investors and hedge funds.

Warrior Met Coal Trading Down 0.3%

Shares of NYSE HCC opened at $85.72 on Monday. The business has a fifty day simple moving average of $93.97 and a 200-day simple moving average of $90.25. Warrior Met Coal has a 12 month low of $64.27 and a 12 month high of $111.42. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 20.61 and a beta of 0.75. 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 (NYSE:HCC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.40 by $0.25. The business had revenue of $509.69 million for the quarter, compared to the consensus estimate of $488.46 million. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%. The business's revenue was up 71.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 EPS. Sell-side analysts predict that Warrior Met Coal will post 6.97 EPS for the current year.

Warrior Met Coal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, November 6th will be issued a $0.08 dividend. The ex-dividend date is Friday, November 6th. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Warrior Met Coal's payout ratio is currently 7.69%.

About Warrior Met Coal

Warrior Met Coal, Inc is a mining company focused on the production and export of high-quality metallurgical coal, also known as met coal. Its products are used primarily by steelmakers in the blast-furnace steelmaking process, where metallurgical coal is converted into coke to support the production of iron and steel.

The company operates underground coal mines and related processing facilities in the Brookwood coal-producing region of Alabama. Warrior Met Coal primarily produces premium hard coking coal and sells its products to customers in international steel markets, serving regions that include Europe, Asia, and the Americas.

Warrior Met Coal was formed from the assets of Walter Energy after Walter Energy's bankruptcy and began operating as an independent public company in 2016.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.