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

Shares of Warrior Met Coal (NYSE:HCC) have received an average rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $102.80.

A number of research firms have issued reports on HCC. UBS Group decreased their target price on Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. B. Riley Financial reiterated a “buy” rating on shares of Warrior Met Coal in a research report on Friday, February 13th. Weiss Ratings upgraded Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. Citigroup lifted their target price on Warrior Met Coal from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, March 18th. Finally, Wall Street Zen upgraded Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th.

Warrior Met Coal Stock Performance

Warrior Met Coal stock opened at $94.85 on Friday. Warrior Met Coal has a 12-month low of $40.80 and a 12-month high of $110.39. The company has a quick ratio of 2.42, a current ratio of 3.48 and a debt-to-equity ratio of 0.11. The business’s 50-day moving average price is $91.07 and its two-hundred day moving average price is $88.83. The stock has a market cap of $5.01 billion, a PE ratio of 36.20 and a beta of 0.62.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Thursday, April 30th. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). Warrior Met Coal had a net margin of 9.36% and a return on equity of 6.44%. The business had revenue of $458.59 million during the quarter, compared to the consensus estimate of $467.57 million. During the same quarter in the prior year, the firm earned ($0.16) EPS. The business’s revenue was up 52.9% on a year-over-year basis. As a group, analysts expect that Warrior Met Coal will post 6.78 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 7th. Stockholders of record on Friday, May 1st were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Friday, May 1st. Warrior Met Coal’s payout ratio is 12.21%.

Insider Buying and Selling at Warrior Met Coal

In other news, insider Kelli K. Gant sold 20,000 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 67,775 shares in the company, valued at approximately $7,455,250. The trade was a 22.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.10% of the company’s stock.

Institutional Trading of Warrior Met Coal

Several hedge funds and other institutional investors have recently made changes to their positions in HCC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Warrior Met Coal by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,860 shares of the company’s stock worth $1,473,000 after purchasing an additional 1,351 shares during the last quarter. Intech Investment Management LLC grew its holdings in shares of Warrior Met Coal by 14.6% during the first quarter. Intech Investment Management LLC now owns 34,812 shares of the company’s stock worth $1,661,000 after purchasing an additional 4,441 shares during the last quarter. Hsbc Holdings PLC grew its holdings in shares of Warrior Met Coal by 7.7% during the second quarter. Hsbc Holdings PLC now owns 6,479 shares of the company’s stock worth $300,000 after purchasing an additional 464 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Warrior Met Coal by 217.2% in the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after acquiring an additional 467 shares during the period. Finally, Marshall Wace LLP lifted its stake in shares of Warrior Met Coal by 75.1% in the second quarter. Marshall Wace LLP now owns 10,085 shares of the company’s stock worth $462,000 after acquiring an additional 4,324 shares during the period. 92.28% of the stock is currently owned by institutional investors.

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.