UBS Group Cuts Warrior Met Coal (NYSE:HCC) Price Target to $98.00

Warrior Met Coal (NYSE:HCC) had its target price cut by UBS Group from $100.00 to $98.00 in a report issued on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

Other research analysts also recently issued reports about the company. Zacks Research upgraded Warrior Met Coal from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, June 29th. Wall Street Zen cut Warrior Met Coal from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. Citigroup reissued a “buy” rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. Weiss Ratings downgraded Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 30th. Finally, B. Riley Financial raised their target price 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. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $102.60.

Warrior Met Coal Trading Up 3.0%

Warrior Met Coal stock opened at $92.27 on Thursday. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 22.18 and a beta of 0.65. The firm has a 50-day moving average of $86.69 and a 200-day moving average of $88.09. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.93 and a quick ratio of 2.42. Warrior Met Coal has a one year low of $54.66 and a one year high of $110.39.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share (EPS) 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 business 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 earnings per share. Warrior Met Coal’s quarterly revenue was up 71.3% on a year-over-year basis. On average, equities analysts expect that Warrior Met Coal will post 5.74 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 10th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, August 10th. Warrior Met Coal’s dividend payout ratio (DPR) is 7.69%.

Insider Buying and Selling

In other Warrior Met Coal news, insider Kelli K. 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 transaction of $2,200,000.00. Following the transaction, the insider owned 67,775 shares of the company’s stock, valued at $7,455,250. The trade was a 22.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.10% of the company’s stock.

Institutional Trading of Warrior Met Coal

A number of hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its holdings in Warrior Met Coal by 2,821,294.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 987,488 shares of the company’s stock valued at $87,067,000 after acquiring an additional 987,453 shares during the period. M&T Bank Corp bought a new stake in shares of Warrior Met Coal during the fourth quarter worth approximately $3,045,000. Geode Capital Management LLC grew its position in shares of Warrior Met Coal by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 1,280,332 shares of the company’s stock valued at $112,912,000 after purchasing an additional 37,057 shares during the last quarter. Hosking Partners LLP grew its position in shares of Warrior Met Coal by 2.9% in the fourth quarter. Hosking Partners LLP now owns 667,638 shares of the company’s stock valued at $58,866,000 after purchasing an additional 19,030 shares during the last quarter. Finally, Moran Wealth Management LLC increased its stake in shares of Warrior Met Coal by 25.8% during the fourth quarter. Moran Wealth Management LLC now owns 31,132 shares of the company’s stock worth $2,745,000 after purchasing an additional 6,392 shares during the period. 92.28% of the stock is owned by institutional investors and hedge funds.

Warrior Met Coal Company Profile

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.