Warrior Met Coal (NYSE:HCC) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts give Warrior Met Coal a “Moderate Buy” consensus: Four of seven analysts recommend buying the stock, while three rate it a hold. The average 12-month price target is $102.60.
• Warrior Met Coal exceeded quarterly expectations, reporting $1.65 in earnings per share versus the $1.40 consensus estimate and revenue of $509.69 million. Revenue rose 71.3% year over year.
• The stock opened at $97.78, while institutional investors own a substantial 92.28% of outstanding shares. The company also maintains a quarterly dividend of $0.08 per share, yielding approximately 0.3%.

Shares of Warrior Met Coal (NYSE:HCC - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the seven analysts that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $102.60.

Several research analysts have recently commented on HCC shares. UBS Group reduced their price target on Warrior Met Coal from $100.00 to $98.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Weiss Ratings raised shares of Warrior Met Coal from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. Wall Street Zen upgraded shares of Warrior Met Coal from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Zacks Research downgraded shares of Warrior Met Coal from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 7th. Finally, Citigroup reiterated a "buy" rating on shares of Warrior Met Coal in a report on Wednesday, June 10th.

Insider Buying and Selling

In related news, insider Kelli K. Gant sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total value of $2,200,000.00. Following the transaction, the insider directly owned 67,775 shares in the company, valued at approximately $7,455,250. This represents a 22.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.10% of the company's stock.

Institutional Investors Weigh In On Warrior Met Coal

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System raised its stake in Warrior Met Coal by 1.6% during the 4th quarter. Maryland State Retirement & Pension System now owns 7,678 shares of the company's stock valued at $677,000 after acquiring an additional 121 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Warrior Met Coal by 1.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,027 shares of the company's stock valued at $1,060,000 after purchasing an additional 149 shares during the last quarter. Kestra Advisory Services LLC grew its stake in shares of Warrior Met Coal by 1.5% in the 1st quarter. Kestra Advisory Services LLC now owns 11,440 shares of the company's stock valued at $1,066,000 after purchasing an additional 172 shares during the last quarter. BTC Capital Management Inc. increased its holdings in shares of Warrior Met Coal by 3.0% in the first quarter. BTC Capital Management Inc. now owns 7,824 shares of the company's stock valued at $729,000 after purchasing an additional 225 shares during the period. Finally, Gotham Asset Management LLC increased its holdings in shares of Warrior Met Coal by 1.7% in the fourth quarter. Gotham Asset Management LLC now owns 13,213 shares of the company's stock valued at $1,165,000 after purchasing an additional 227 shares during the period. Hedge funds and other institutional investors own 92.28% of the company's stock.

Warrior Met Coal Stock Performance

Shares of Warrior Met Coal stock opened at $97.78 on Wednesday. Warrior Met Coal has a one year low of $54.66 and a one year high of $110.39. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 23.50 and a beta of 0.65. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.79 and a current ratio of 3.93. The business's 50 day moving average price is $85.83 and its 200 day moving average price is $88.08.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released 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 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%.The firm's revenue for the quarter was up 71.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 earnings per share. On average, research analysts predict that Warrior Met Coal will post 5.74 EPS for the current year.

Warrior Met Coal Dividend Announcement

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

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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