Stephen Williams Sells 4,800 Shares of Warrior Met Coal (NYSE:HCC) Stock

Key Points

• Director Stephen Williams sold 4,800 Warrior Met Coal shares at an average price of $104.23, generating $500,304. Following the transaction, his holdings fell 13.67% to 30,303 shares.
• Warrior Met Coal recently reported stronger-than-expected quarterly results, with earnings per share of $1.65 versus estimates of $1.40 and revenue up 71.3% year over year to $509.69 million.
• HCC shares traded at $108.42, near their 52-week high of $110.39. Analysts maintain a “Moderate Buy” consensus with an average price target of $102.60, while institutional investors own 92.28% of the stock.

Warrior Met Coal (NYSE:HCC - Get Free Report) Director Stephen Williams sold 4,800 shares of the firm's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $104.23, for a total transaction of $500,304.00. Following the completion of the sale, the director owned 30,303 shares of the company's stock, valued at $3,158,481.69. The trade was a 13.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Warrior Met Coal Price Performance

Shares of HCC stock traded up $5.06 during trading hours on Friday, reaching $108.42. 355,380 shares of the company were exchanged, compared to its average volume of 855,454. Warrior Met Coal has a fifty-two week low of $54.66 and a fifty-two week high of $110.39. The stock's fifty day moving average is $86.20 and its two-hundred day moving average is $88.27. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 26.06 and a beta of 0.65. 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 issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $509.69 million during the quarter, compared to analyst estimates of $488.46 million. During the same quarter last year, the business posted $0.11 earnings per share. Warrior Met Coal's revenue for the quarter was up 71.3% compared to the same quarter last year. Sell-side analysts forecast that Warrior Met Coal will post 5.74 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

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

Hedge Funds Weigh In On Warrior Met Coal

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new stake in shares of Warrior Met Coal in the 2nd quarter valued at approximately $31,000. Meeder Asset Management Inc. bought a new stake in Warrior Met Coal in the fourth quarter valued at approximately $31,000. EverSource Wealth Advisors LLC raised its holdings 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 purchasing an additional 467 shares during the period. Parallel Advisors LLC raised its holdings 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 purchasing an additional 302 shares during the period. Finally, IFP Advisors Inc bought a new position in shares of Warrior Met Coal during the fourth quarter worth $37,000. Institutional investors own 92.28% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. B. Riley Financial boosted their target price on Warrior Met Coal from $117.00 to $123.00 and gave the stock a "buy" rating in a research report on Wednesday, June 10th. UBS Group lowered their price objective on Warrior Met Coal from $100.00 to $98.00 and set a "buy" rating for the company in a research report on Thursday, August 6th. Weiss Ratings raised Warrior Met Coal from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. Zacks Research downgraded shares of Warrior Met Coal from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 7th. Finally, Wall Street Zen raised shares of Warrior Met Coal from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Warrior Met Coal has an average rating of "Moderate Buy" and an average target price of $102.60.

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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