Warrior Met Coal (NYSE:HCC) Receives Average Recommendation of “Hold” from Analysts

Warrior Met Coal (NYSE:HCC) has been given an average rating of “Hold” by the seven analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $102.60.

Several research firms have recently weighed in on HCC. UBS Group boosted their target price on Warrior Met Coal from $100.00 to $101.00 and gave the company a “buy” rating in a report on Thursday, March 12th. Citigroup boosted their price objective on Warrior Met Coal from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. B. Riley Financial restated a “buy” rating on shares of Warrior Met Coal in a research report on Friday, February 13th. Finally, Jefferies Financial Group lifted their target price on shares of Warrior Met Coal from $95.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, January 20th.

Warrior Met Coal Trading Down 1.2%

NYSE HCC opened at $95.70 on Friday. The firm’s fifty day moving average price is $88.62 and its 200 day moving average price is $79.91. Warrior Met Coal has a 12 month low of $38.00 and a 12 month high of $105.35. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.19 and a quick ratio of 2.27. The company has a market capitalization of $5.05 billion, a price-to-earnings ratio of 87.80 and a beta of 0.69.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.18). The company had revenue of $383.99 million during the quarter, compared to analysts’ expectations of $381.72 million. Warrior Met Coal had a net margin of 4.35% and a return on equity of 2.71%. Warrior Met Coal’s revenue was up 29.1% on a year-over-year basis. During the same period last year, the firm earned $0.15 earnings per share. On average, sell-side analysts expect that Warrior Met Coal will post 4.86 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 23rd were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, February 23rd. Warrior Met Coal’s dividend payout ratio (DPR) is presently 29.36%.

Insiders Place Their Bets

In other news, CEO Walter J. Scheller sold 100,000 shares of the stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $100.31, for a total transaction of $10,031,000.00. Following the completion of the sale, the chief executive officer owned 294,183 shares in the company, valued at approximately $29,509,496.73. This represents a 25.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kelli K. Gant sold 10,000 shares of the firm’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $100.00, for a total value of $1,000,000.00. Following the transaction, the insider directly owned 70,580 shares in the company, valued at approximately $7,058,000. This represents a 12.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.10% of the company’s stock.

Institutional Trading of Warrior Met Coal

A number of hedge funds have recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH raised its holdings in Warrior Met Coal by 9.2% during the third quarter. Allianz Asset Management GmbH now owns 1,543,673 shares of the company’s stock worth $98,239,000 after purchasing an additional 130,396 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Warrior Met Coal by 1.3% in the 2nd quarter. Geode Capital Management LLC now owns 1,269,888 shares of the company’s stock valued at $58,210,000 after purchasing an additional 15,851 shares in the last quarter. QV Investors Inc. purchased a new stake in Warrior Met Coal in the 3rd quarter valued at approximately $10,549,000. Victory Capital Management Inc. increased its position in Warrior Met Coal by 7.3% during the 3rd quarter. Victory Capital Management Inc. now owns 818,593 shares of the company’s stock worth $52,095,000 after purchasing an additional 55,416 shares during the period. Finally, Affinity Wealth Management LLC acquired a new position in Warrior Met Coal during the 3rd quarter worth approximately $2,167,000. 92.28% of the stock is owned by institutional investors and hedge funds.

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.