Warrior Met Coal (NYSE:HCC) Receives $77.33 Consensus Price Target from Brokerages

Shares of Warrior Met Coal (NYSE:HCC) have been assigned a consensus recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $77.3333.

Several equities analysts have issued reports on the stock. Zacks Research cut shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Monday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Warrior Met Coal in a research note on Wednesday, October 8th. BMO Capital Markets increased their price objective on shares of Warrior Met Coal from $65.00 to $72.00 and gave the company a “market perform” rating in a research report on Thursday, November 6th. B. Riley restated a “buy” rating on shares of Warrior Met Coal in a report on Thursday, November 6th. Finally, Wall Street Zen raised shares of Warrior Met Coal from a “sell” rating to a “hold” rating in a research report on Saturday, October 11th.

Insiders Place Their Bets

In other Warrior Met Coal news, CEO Walter J. Scheller sold 18,966 shares of the stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $75.00, for a total value of $1,422,450.00. Following the transaction, the chief executive officer owned 394,183 shares of the company’s stock, valued at approximately $29,563,725. This represents a 4.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Warrior Met Coal

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its position in Warrior Met Coal by 1.3% in the second quarter. Geode Capital Management LLC now owns 1,269,888 shares of the company’s stock worth $58,210,000 after acquiring an additional 15,851 shares during the period. Creative Planning grew its position in shares of Warrior Met Coal by 15.7% during the 2nd quarter. Creative Planning now owns 24,376 shares of the company’s stock valued at $1,117,000 after acquiring an additional 3,312 shares during the period. XTX Topco Ltd purchased a new stake in shares of Warrior Met Coal in the 2nd quarter worth $798,000. Envestnet Asset Management Inc. bought a new position in Warrior Met Coal in the 2nd quarter worth $207,000. Finally, Boston Partners raised its holdings in Warrior Met Coal by 27.2% in the 2nd quarter. Boston Partners now owns 37,250 shares of the company’s stock worth $1,707,000 after purchasing an additional 7,970 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 HCC opened at $95.52 on Tuesday. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 142.57 and a beta of 0.63. The business’s fifty day simple moving average is $81.98 and its two-hundred day simple moving average is $66.35. Warrior Met Coal has a 12 month low of $38.00 and a 12 month high of $96.04. The company has a current ratio of 4.13, a quick ratio of 3.00 and a debt-to-equity ratio of 0.12.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.91. Warrior Met Coal had a return on equity of 2.01% and a net margin of 2.87%.The firm had revenue of $328.59 million during the quarter, compared to analysts’ expectations of $302.51 million. During the same quarter in the previous year, the business earned $0.80 earnings per share. The company’s revenue was up .3% on a year-over-year basis. Research analysts anticipate that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Friday, November 7th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Friday, November 7th. Warrior Met Coal’s dividend payout ratio is 47.76%.

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.