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

Warrior Met Coal (NYSE:HCC) CEO Walter Scheller sold 50,000 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $110.00, for a total value of $5,500,000.00. Following the transaction, the chief executive officer directly owned 267,793 shares in the company, valued at approximately $29,457,230. This represents a 15.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Warrior Met Coal Trading Down 1.5%

Shares of HCC stock traded down $1.58 during mid-day trading on Wednesday, hitting $103.70. 243,093 shares of the company’s stock were exchanged, compared to its average volume of 851,274. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 24.92 and a beta of 0.65. The company has a quick ratio of 2.79, a current ratio of 3.93 and a debt-to-equity ratio of 0.10. Warrior Met Coal has a fifty-two week low of $54.66 and a fifty-two week high of $111.20. The stock has a 50-day simple moving average of $86.82 and a two-hundred day simple moving average of $88.63.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $488.46 million. During the same period in the prior year, the firm posted $0.11 earnings per share. The business’s quarterly revenue was up 71.3% compared to the same quarter last year. Equities analysts expect 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. Stockholders of record on Monday, August 10th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.3%. Warrior Met Coal’s dividend payout ratio is currently 7.69%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on HCC shares. UBS Group decreased their target price on shares of Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. 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 shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Finally, Citigroup restated a “buy” rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. Four equities research 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 company presently has a consensus rating of “Moderate Buy” and an average price target of $102.60.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in Warrior Met Coal during the second quarter valued at approximately $606,503,000. California State Teachers Retirement System increased its position in shares of Warrior Met Coal by 7,946.6% in the second quarter. California State Teachers Retirement System now owns 4,949,461 shares of the company’s stock worth $401,698,000 after acquiring an additional 4,887,951 shares in the last quarter. State Street Corp raised its stake in shares of Warrior Met Coal by 25.2% in the 2nd quarter. State Street Corp now owns 4,099,070 shares of the company’s stock valued at $187,860,000 after acquiring an additional 825,807 shares during the period. Adage Capital Partners GP L.L.C. raised its stake in shares of Warrior Met Coal by 130.4% in the 2nd 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 acquiring an additional 1,069,025 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Warrior Met Coal by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,833,578 shares of the company’s stock valued at $116,687,000 after acquiring an additional 5,077 shares in the last quarter. Hedge funds and other institutional investors own 92.28% of the company’s stock.

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.