Key Points
- CEO Walter Scheller sold 50,000 shares of Warrior Met Coal at an average price of $110, generating $5.5 million and reducing his ownership by 15.73% to 267,793 shares.
- Warrior Met Coal reported a strong quarter, with EPS of $1.65 beating estimates of $1.40 and revenue rising 71.3% year over year to $509.69 million.
- Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $102.60; institutional investors own 92.28% of the stock.
Warrior Met Coal (NYSE:HCC - Get Free Report) CEO Walter Scheller sold 50,000 shares of the business's stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $110.00, for a total value of $5,500,000.00. Following the transaction, the chief executive officer owned 267,793 shares of the company's stock, valued at approximately $29,457,230. This represents a 15.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Warrior Met Coal Stock Down 0.1%
HCC opened at $105.15 on Thursday. Warrior Met Coal has a 12 month low of $54.66 and a 12 month high of $111.20. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.93 and a quick ratio of 2.79. The stock has a market cap of $5.55 billion, a P/E ratio of 25.28 and a beta of 0.65. The stock's 50 day moving average price is $87.01 and its 200 day moving average price is $88.76.
Warrior Met Coal (NYSE:HCC - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $488.46 million. During the same quarter in the previous year, the business earned $0.11 EPS. The firm's revenue for the quarter was up 71.3% on a year-over-year basis. As a group, research analysts predict that Warrior Met Coal will post 5.74 earnings per share for the current year.
Warrior Met Coal Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Warrior Met Coal's dividend payout ratio (DPR) is 7.69%.
Institutional Trading of Warrior Met Coal
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System boosted its holdings in Warrior Met Coal by 7,946.6% during the second quarter. California State Teachers Retirement System now owns 4,949,461 shares of the company's stock worth $401,698,000 after buying an additional 4,887,951 shares in the last quarter. NWF Advisory Services Inc. lifted its position in shares of Warrior Met Coal by 4.7% during the 2nd quarter. NWF Advisory Services Inc. now owns 93,355 shares of the company's stock valued at $7,577,000 after acquiring an additional 4,150 shares during the last quarter. Nykredit A S bought a new stake in shares of Warrior Met Coal during the 2nd quarter worth $50,000. Maple Rock Capital Partners Inc. grew its holdings in shares of Warrior Met Coal by 77.2% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 253,559 shares of the company's stock worth $20,579,000 after acquiring an additional 110,500 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Warrior Met Coal during the second quarter worth $863,000. 92.28% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on HCC shares. Wall Street Zen raised shares of Warrior Met Coal from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Zacks Research cut shares of Warrior Met Coal from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 7th. Citigroup reaffirmed a "buy" rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. Weiss Ratings upgraded shares of Warrior Met Coal from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 11th. Finally, B. Riley Financial raised their price objective on shares of Warrior Met Coal from $117.00 to $123.00 and gave the company a "buy" rating in a research note on Wednesday, June 10th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $102.60.
Read Our Latest Research Report on HCC
About Warrior Met Coal
(
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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