Key Points
- CEO Walter Scheller sold 50,000 Warrior Met Coal shares at an average price of $105, generating $5.25 million. His remaining direct ownership fell by 13.59% to 317,793 shares.
- Warrior Met Coal reported strong quarterly results, with EPS of $1.65 beating estimates of $1.40 and revenue rising 71.3% year over year to $509.69 million.
- The stock opened at $106.68, near its 52-week high, while analysts maintained a generally positive view: four rated it Buy and three Hold, producing a “Moderate Buy” consensus and a $102.60 target price.
Warrior Met Coal (NYSE:HCC - Get Free Report) Director Stephen Williams sold 4,800 shares of the business's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $104.23, for a total transaction of $500,304.00. Following the sale, the director directly owned 30,303 shares of the company's stock, valued at $3,158,481.69. This represents a 13.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Warrior Met Coal Trading Up 3.2%
HCC stock opened at $106.68 on Friday. The company has a quick ratio of 2.79, a current ratio of 3.93 and a debt-to-equity ratio of 0.10. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 25.64 and a beta of 0.65. The business has a fifty day simple moving average of $86.37 and a 200-day simple moving average of $88.40. Warrior Met Coal has a 52 week low of $54.66 and a 52 week high of $110.39.
Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its 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 return on equity of 10.02% and a net margin of 13.05%.The firm had revenue of $509.69 million for the quarter, compared to analysts' expectations of $488.46 million. During the same quarter last year, the firm earned $0.11 earnings per share. The firm's revenue for the quarter was up 71.3% compared to the same quarter last year. On average, equities research analysts expect that Warrior Met Coal will post 5.74 EPS for the current year.
Warrior Met Coal Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were paid a $0.08 dividend. 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 currently 7.69%.
Institutional Trading of Warrior Met Coal
Several large investors have recently bought and sold shares of the company. Maryland State Retirement & Pension System lifted its position in shares of Warrior Met Coal by 1.6% during the fourth quarter. Maryland State Retirement & Pension System now owns 7,678 shares of the company's stock worth $677,000 after purchasing an additional 121 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Warrior Met Coal by 1.3% in the fourth 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 period. Kestra Advisory Services LLC grew its holdings in Warrior Met Coal by 1.5% during 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 in the last quarter. BTC Capital Management Inc. grew its holdings in Warrior Met Coal by 3.0% during the 1st 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 in the last quarter. Finally, Gotham Asset Management LLC increased its stake in Warrior Met Coal by 1.7% during the 4th quarter. Gotham Asset Management LLC now owns 13,213 shares of the company's stock worth $1,165,000 after buying an additional 227 shares during the period. Institutional investors and hedge funds own 92.28% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently issued reports on the stock. Weiss Ratings raised shares of Warrior Met Coal from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 11th. Citigroup reissued a "buy" rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. B. Riley Financial upped their price target on shares of Warrior Met Coal from $117.00 to $123.00 and gave the stock a "buy" rating in a research report on Wednesday, June 10th. Zacks Research lowered Warrior Met Coal from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 7th. Finally, UBS Group cut their price objective on Warrior Met Coal from $100.00 to $98.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $102.60.
Read Our Latest Analysis 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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