Warrior Met Coal (NYSE:HCC) Director Sells $500,304.00 in Stock

Warrior Met Coal (NYSE:HCC) Director Stephen Williams sold 4,800 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total value of $500,304.00. Following the completion of the sale, the director owned 30,303 shares in the company, valued at $3,158,481.69. The trade was a 13.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Warrior Met Coal Stock Down 0.0%

Shares of NYSE:HCC opened at $106.68 on Monday. The stock has a fifty day simple moving average of $86.37 and a two-hundred day simple moving average of $88.39. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 25.64 and a beta of 0.65. Warrior Met Coal has a 12-month low of $54.66 and a 12-month high of $110.39. The company has a current ratio of 3.93, a quick ratio of 2.79 and a debt-to-equity ratio of 0.10.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, topping 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 firm had revenue of $509.69 million for the quarter, compared to analysts’ expectations of $488.46 million. During the same period in the prior year, the firm posted $0.11 earnings per share. The company’s quarterly revenue was up 71.3% on a year-over-year basis. On average, research analysts anticipate 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 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 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Monday, August 10th. Warrior Met Coal’s dividend payout ratio is 7.69%.

Hedge Funds Weigh In On Warrior Met Coal

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP bought a new stake in shares of Warrior Met Coal in the second quarter worth approximately $31,000. Meeder Asset Management Inc. bought a new position in Warrior Met Coal during the fourth quarter valued at approximately $31,000. EverSource Wealth Advisors LLC lifted its position in Warrior Met Coal by 217.2% during the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock valued at $31,000 after purchasing an additional 467 shares during the period. Parallel Advisors LLC boosted its holdings in Warrior Met Coal by 272.1% in the fourth quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock worth $36,000 after purchasing an additional 302 shares during the last quarter. Finally, IFP Advisors Inc purchased a new stake in Warrior Met Coal in the fourth quarter worth approximately $37,000. Institutional investors own 92.28% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on HCC. Citigroup reaffirmed a “buy” rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. UBS Group reduced their price target on shares of Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Zacks Research cut Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Finally, Wall Street Zen upgraded Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $102.60.

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.