Insider Selling: Warrior Met Coal (NYSE:HCC) CEO Sells 50,000 Shares

Key Points

• CEO Walter Scheller sold 50,000 shares of Warrior Met Coal at an average price of $105, generating $5.25 million and reducing his ownership by 13.59% to 317,793 shares.
• Warrior Met Coal reported better-than-expected quarterly results, with EPS of $1.65 versus the $1.40 consensus and revenue of $509.69 million, up 71.3% year over year.
• The stock traded near its 52-week high at $108.42, while analysts maintained a “Moderate Buy” consensus with an average price target of $102.60; institutional investors own 92.28% of the shares.

Warrior Met Coal (NYSE:HCC - Get Free Report) CEO Walter Scheller sold 50,000 shares of the business's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $105.00, for a total transaction of $5,250,000.00. Following the transaction, the chief executive officer owned 317,793 shares in the company, valued at approximately $33,368,265. This trade represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Warrior Met Coal Stock Performance

NYSE HCC traded up $5.06 on Friday, hitting $108.42. 355,380 shares of the company's stock were exchanged, compared to its average volume of 855,454. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 26.06 and a beta of 0.65. The firm's 50-day moving average price is $86.20 and its two-hundred day moving average price is $88.27. Warrior Met Coal has a fifty-two week low of $54.66 and a fifty-two week high of $110.39. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.93 and a quick ratio of 2.79.

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

Warrior Met Coal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Warrior Met Coal's dividend payout ratio (DPR) is currently 7.69%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. B. Riley Financial increased their target price on shares of Warrior Met Coal from $117.00 to $123.00 and gave the company a "buy" rating in a report on Wednesday, June 10th. Citigroup reissued a "buy" rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. Zacks Research cut Warrior Met Coal from a "strong-buy" rating to a "hold" rating in a report on Friday, August 7th. Weiss Ratings raised Warrior Met Coal from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen raised Warrior Met Coal from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $102.60.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Warrior Met Coal by 2,821,294.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 987,488 shares of the company's stock worth $87,067,000 after acquiring an additional 987,453 shares during the period. M&T Bank Corp purchased a new stake in Warrior Met Coal in the fourth quarter valued at approximately $3,045,000. Geode Capital Management LLC increased its position in Warrior Met Coal by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 1,280,332 shares of the company's stock worth $112,912,000 after purchasing an additional 37,057 shares during the last quarter. Hosking Partners LLP increased its position in Warrior Met Coal by 2.9% during the fourth quarter. Hosking Partners LLP now owns 667,638 shares of the company's stock worth $58,866,000 after purchasing an additional 19,030 shares during the last quarter. Finally, Capital International Investors raised its stake in Warrior Met Coal by 17.1% during the fourth quarter. Capital International Investors now owns 998,103 shares of the company's stock worth $88,003,000 after purchasing an additional 145,700 shares during the period. 92.28% of the stock is currently owned by institutional investors and hedge funds.

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.

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