Warrior Met Coal (NYSE:HCC) Trading Down 5.1% - What's Next?

Key Points

• Warrior Met Coal shares fell 5.1% to approximately $103.04 in thin mid-day trading, despite trading above its 50-day and 200-day moving averages.
• Analyst sentiment remains generally positive, with four Buy ratings and three Holds; the consensus rating is “Moderate Buy,” with an average price target of $102.60.
• The company exceeded quarterly expectations, reporting $1.65 in earnings per share and $509.69 million in revenue, while revenue increased 71.3% year over year. However, insiders sold 104,800 shares worth about $11.25 million over the past three months.

Warrior Met Coal (NYSE:HCC - Get Free Report)'s share price traded down 5.1% during mid-day trading on Thursday . The company traded as low as $103.89 and last traded at $103.0420. Approximately 37,327 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 838,670 shares. The stock had previously closed at $108.53.

Analyst Ratings Changes

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

Warrior Met Coal Trading Down 4.2%

The company has a 50 day moving average of $88.99 and a two-hundred day moving average of $89.38. The stock has a market cap of $5.49 billion, a PE ratio of 24.95 and a beta of 0.67. 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 (NYSE:HCC - Get Free Report) last posted 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 company had revenue of $509.69 million during the quarter, compared to analysts' expectations of $488.46 million. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The firm's revenue for the quarter was up 71.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 earnings per share. Sell-side analysts anticipate that Warrior Met Coal will post 5.74 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

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

Insider Buying and Selling

In related 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Walter J. Scheller sold 50,000 shares of the firm's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $105.00, for a total value of $5,250,000.00. Following the completion of the transaction, the chief executive officer owned 317,793 shares in the company, valued at $33,368,265. The trade was a 13.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 104,800 shares of company stock valued at $11,250,304 in the last three months. Insiders own 2.10% of the company's stock.

Hedge Funds Weigh In On Warrior Met Coal

Several hedge funds and other institutional investors have recently modified their holdings of the business. California State Teachers Retirement System raised its holdings in Warrior Met Coal by 7,946.6% in the 2nd quarter. California State Teachers Retirement System now owns 4,949,461 shares of the company's stock valued at $401,698,000 after acquiring an additional 4,887,951 shares during the last quarter. NWF Advisory Services Inc. increased its holdings in shares of Warrior Met Coal by 4.7% in the second quarter. NWF Advisory Services Inc. now owns 93,355 shares of the company's stock valued at $7,577,000 after purchasing an additional 4,150 shares during the last quarter. Nykredit A S acquired a new position in Warrior Met Coal during the second quarter worth $50,000. Maple Rock Capital Partners Inc. boosted its stake in Warrior Met Coal by 77.2% during the second quarter. Maple Rock Capital Partners Inc. now owns 253,559 shares of the company's stock worth $20,579,000 after buying an additional 110,500 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in Warrior Met Coal in the 2nd quarter valued at $863,000. 92.28% of the stock is owned by hedge funds and other institutional investors.

About Warrior Met Coal

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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