B. Riley Lowers Warrior Met Coal (NYSE:HCC) Price Target to $90.00

Warrior Met Coal (NYSE:HCC) had its price objective cut by B. Riley from $92.00 to $90.00 in a research report report published on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

Separately, Benchmark reaffirmed a hold rating on shares of Warrior Met Coal in a research note on Monday, August 5th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $72.60.

Warrior Met Coal Stock Performance

NYSE:HCC opened at $52.60 on Friday. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 6.33 and a beta of 1.05. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.37 and a quick ratio of 5.37. Warrior Met Coal has a 1-year low of $41.19 and a 1-year high of $75.53. The firm’s fifty day moving average price is $64.23 and its 200 day moving average price is $63.15.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Thursday, August 1st. The company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.03. Warrior Met Coal had a net margin of 25.01% and a return on equity of 22.71%. The firm had revenue of $396.52 million during the quarter, compared to the consensus estimate of $387.91 million. During the same quarter last year, the firm earned $1.63 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. On average, sell-side analysts expect that Warrior Met Coal will post 6.87 EPS for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend was Tuesday, August 6th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 3.85%.

Insider Transactions at Warrior Met Coal

In other Warrior Met Coal news, CEO Walter J. Scheller sold 23,148 shares of the stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $75.15, for a total transaction of $1,739,572.20. Following the sale, the chief executive officer now owns 340,485 shares in the company, valued at approximately $25,587,447.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Kelli K. Gant sold 10,000 shares of the stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $75.06, for a total value of $750,600.00. Following the transaction, the insider now directly owns 61,678 shares of the company’s stock, valued at approximately $4,629,550.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Walter J. Scheller sold 23,148 shares of Warrior Met Coal stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $75.15, for a total value of $1,739,572.20. Following the completion of the transaction, the chief executive officer now owns 340,485 shares in the company, valued at approximately $25,587,447.75. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Warrior Met Coal

A number of large investors have recently modified their holdings of the company. USA Financial Formulas acquired a new stake in Warrior Met Coal during the 4th quarter worth approximately $25,000. GAMMA Investing LLC raised its stake in shares of Warrior Met Coal by 38.6% in the 2nd quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock valued at $32,000 after acquiring an additional 144 shares during the period. SYSTM Wealth Solutions LLC acquired a new position in shares of Warrior Met Coal during the 1st quarter valued at $39,000. EntryPoint Capital LLC purchased a new stake in Warrior Met Coal during the 1st quarter worth $54,000. Finally, Quadrant Capital Group LLC increased its holdings in Warrior Met Coal by 79.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $61,000 after purchasing an additional 442 shares in the last quarter. 92.28% of the stock is currently owned by hedge funds and other institutional investors.

About Warrior Met Coal

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.