Key Points
- CEO Walter Scheller sold 100,000 shares on Jan. 12 at an average price of $100.31 for a total of $10,031,000, reducing his direct stake by 25.37% to 294,183 shares (about $29.5M).
- HCC is trading near its 52‑week high (opened $100.60; 52‑week high $101.34) with 50‑day/200‑day moving averages of $83.89/$67.88, a market cap of $5.29B and a P/E of 150.15.
- Analysts' consensus is a Hold with a $77.33 target, despite a recent quarterly earnings beat and a modest 0.3% dividend yield.
Warrior Met Coal (NYSE:HCC - Get Free Report) insider Kelli Gant sold 10,000 shares of the company's stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $100.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the insider directly owned 70,580 shares of the company's stock, valued at $7,058,000. The trade was a 12.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Warrior Met Coal Stock Performance
Shares of HCC opened at $100.60 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.13 and a quick ratio of 3.00. The firm's 50 day moving average is $83.89 and its 200-day moving average is $67.88. Warrior Met Coal has a 12-month low of $38.00 and a 12-month high of $101.34. The stock has a market capitalization of $5.29 billion, a P/E ratio of 150.15 and a beta of 0.63.
Warrior Met Coal (NYSE:HCC - Get Free Report) last released its earnings results on Wednesday, November 5th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.91. The business had revenue of $328.59 million during the quarter, compared to analyst estimates of $302.51 million. Warrior Met Coal had a net margin of 2.87% and a return on equity of 2.01%. The business's quarterly revenue was up .3% on a year-over-year basis. During the same period in the prior year, the business earned $0.80 earnings per share. Equities research analysts anticipate that Warrior Met Coal will post 4.86 EPS for the current fiscal year.
Warrior Met Coal Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, November 7th 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 Friday, November 7th. Warrior Met Coal's payout ratio is presently 47.76%.
Hedge Funds Weigh In On Warrior Met Coal
A number of large investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Warrior Met Coal by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,860 shares of the company's stock worth $1,473,000 after purchasing an additional 1,351 shares during the period. Intech Investment Management LLC lifted its position in Warrior Met Coal by 14.6% in the 1st quarter. Intech Investment Management LLC now owns 34,812 shares of the company's stock worth $1,661,000 after buying an additional 4,441 shares in the last quarter. Balefire LLC acquired a new stake in shares of Warrior Met Coal during the 2nd quarter valued at $257,000. Exchange Traded Concepts LLC grew its holdings in shares of Warrior Met Coal by 28.0% during the 2nd quarter. Exchange Traded Concepts LLC now owns 32,910 shares of the company's stock valued at $1,508,000 after acquiring an additional 7,192 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Warrior Met Coal by 70.5% in the second quarter. Farther Finance Advisors LLC now owns 5,023 shares of the company's stock worth $230,000 after acquiring an additional 2,077 shares during the last quarter. Institutional investors and hedge funds own 92.28% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on the company. Wall Street Zen upgraded Warrior Met Coal from a "hold" rating to a "buy" rating in a research report on Saturday. Zacks Research lowered shares of Warrior Met Coal from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 5th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Warrior Met Coal in a report on Wednesday, October 8th. BMO Capital Markets boosted their price target on shares of Warrior Met Coal from $65.00 to $72.00 and gave the company a "market perform" rating in a report on Thursday, November 6th. Finally, UBS Group upped their price target on shares of Warrior Met Coal from $80.00 to $86.00 and gave the company a "neutral" rating in a research report on Friday, December 12th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $77.33.
Check Out Our Latest Report on Warrior Met Coal
Warrior Met Coal Company Profile
(
Get Free Report)
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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