Key Points
- Insider sale: Warrior Met Coal insider Kelli Gant sold 20,000 shares on June 2 at $110 each, totaling $2.2 million. After the sale, Gant still held 67,775 shares, reducing ownership by 22.79%.
- Stock and valuation snapshot: HCC was up 0.2% and opened at $106.10, near its 52-week high of $110.39. The company has a market cap of $5.6 billion and a beta of 0.62.
- Recent performance and outlook: Warrior Met Coal reported Q1 EPS of $1.37, missing estimates, while revenue rose 52.9% year over year to $458.6 million. Analysts currently have an average Hold rating with an average price target of $102.80.
Warrior Met Coal (NYSE:HCC - Get Free Report) insider Kelli Gant sold 20,000 shares of the business'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 completion of 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 filing with the SEC, which can be accessed through this hyperlink.
Warrior Met Coal Stock Up 0.2%
Shares of HCC opened at $106.10 on Friday. The stock has a market capitalization of $5.60 billion, a price-to-earnings ratio of 40.50 and a beta of 0.62. Warrior Met Coal has a 1 year low of $40.80 and a 1 year high of $110.39. The business's 50 day simple moving average is $91.02 and its 200-day simple moving average is $88.40. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.48 and a quick ratio of 2.42.
Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.04). The firm had revenue of $458.59 million for the quarter, compared to analysts' expectations of $467.57 million. Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.The firm's revenue was up 52.9% on a year-over-year basis. During the same period last year, the company earned ($0.16) earnings per share. As a group, equities analysts expect that Warrior Met Coal will post 6.78 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 Thursday, May 7th. Stockholders of record on Friday, May 1st were issued 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 Friday, May 1st. Warrior Met Coal's dividend payout ratio is 12.21%.
Institutional Trading of Warrior Met Coal
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Maryland State Retirement & Pension System grew its position in shares of 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 worth $677,000 after buying an additional 121 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Warrior Met Coal by 1.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 12,027 shares of the company's stock worth $1,060,000 after buying an additional 149 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Warrior Met Coal by 12.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,559 shares of the company's stock worth $99,000 after buying an additional 168 shares in the last quarter. Kestra Advisory Services LLC boosted its position in Warrior Met Coal by 1.5% during the first 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 in the last quarter. Finally, Arizona State Retirement System boosted its position in Warrior Met Coal by 1.4% during the third quarter. Arizona State Retirement System now owns 15,552 shares of the company's stock valued at $990,000 after purchasing an additional 213 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company's stock.
Analyst Upgrades and Downgrades
HCC has been the topic of several recent research reports. UBS Group decreased their price objective on Warrior Met Coal from $104.00 to $102.00 and set a "buy" rating on the stock in a report on Friday, May 1st. B. Riley Financial reaffirmed a "buy" rating on shares of Warrior Met Coal in a report on Friday, February 13th. Wall Street Zen raised Warrior Met Coal from a "hold" rating to a "buy" rating in a report on Sunday, February 15th. Zacks Research cut Warrior Met Coal from a "hold" rating to a "strong sell" rating in a report on Tuesday, May 5th. Finally, Weiss Ratings raised Warrior Met Coal from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $102.80.
Read Our Latest Research 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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