Walter Scheller Sells 50,000 Shares of Warrior Met Coal (NYSE:HCC) Stock

Warrior Met Coal (NYSE:HCC) CEO Walter Scheller sold 50,000 shares of Warrior Met Coal stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $105.00, for a total transaction of $5,250,000.00. Following the transaction, the chief executive officer directly owned 317,793 shares of the company’s stock, valued at approximately $33,368,265. This trade represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Warrior Met Coal Trading Up 3.2%

NYSE:HCC opened at $106.68 on Friday. The firm has a market capitalization of $5.63 billion, a P/E ratio of 25.64 and a beta of 0.65. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.93 and a quick ratio of 2.79. Warrior Met Coal has a one year low of $54.66 and a one year high of $110.39. The company’s 50-day simple moving average is $86.37 and its 200 day simple moving average is $88.40.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.25. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The business had revenue of $509.69 million during the quarter, compared to the consensus estimate of $488.46 million. During the same quarter last year, the firm earned $0.11 earnings per share. The business’s revenue for the quarter was up 71.3% on a year-over-year basis. As a group, analysts forecast that Warrior Met Coal will post 5.74 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 10th 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 of this dividend was Monday, August 10th. Warrior Met Coal’s dividend payout ratio (DPR) is 7.69%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Citigroup reissued a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. Wall Street Zen raised Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. B. Riley Financial upped their price target on shares of Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Zacks Research downgraded shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $102.60.

Institutional Trading of Warrior Met Coal

A number of institutional investors and hedge funds have recently modified their holdings of HCC. BlackRock Inc. purchased a new position in shares of Warrior Met Coal in the second quarter worth $606,503,000. Adage Capital Partners GP L.L.C. boosted its position in shares of Warrior Met Coal by 130.4% during the second quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock valued at $86,574,000 after buying an additional 1,069,025 shares during the last quarter. UBS Group AG boosted its position in shares of Warrior Met Coal by 219.2% during the third quarter. UBS Group AG now owns 1,554,071 shares of the company’s stock valued at $98,901,000 after buying an additional 1,067,247 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased 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 worth $87,067,000 after buying an additional 987,453 shares in the last quarter. Finally, State Street Corp increased its holdings in Warrior Met Coal by 25.2% in the 2nd quarter. State Street Corp now owns 4,099,070 shares of the company’s stock worth $187,860,000 after buying an additional 825,807 shares in the last quarter. Institutional investors own 92.28% of the company’s stock.

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.