Warrior Met Coal (NYSE:HCC) to Issue Quarterly Dividend of $0.08

Warrior Met Coal (NYSE:HCC) declared a quarterly dividend on Tuesday, October 27th. Shareholders of record on Friday, November 6th will be given a dividend of $0.08 per share on Friday, November 13th. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, November 6th.

Warrior Met Coal has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Warrior Met Coal has a dividend payout ratio of 7.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Warrior Met Coal to earn $9.47 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 3.4%.

Warrior Met Coal Price Performance

Warrior Met Coal stock opened at $80.64 on Wednesday. Warrior Met Coal has a 12-month low of $64.27 and a 12-month high of $111.42. The stock has a market capitalization of $4.26 billion, a P/E ratio of 19.38 and a beta of 0.75. The firm’s 50-day moving average is $92.96 and its two-hundred day moving average is $90.05. 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 (NYSE:HCC) last issued its quarterly 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. The business had revenue of $509.69 million during the quarter, compared to the consensus estimate of $488.46 million. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The company’s quarterly revenue was up 71.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 earnings per share. Equities analysts predict that Warrior Met Coal will post 6.97 earnings per share for the current year.

Insider Transactions at Warrior Met Coal

In other Warrior Met Coal news, CEO Walter Scheller sold 50,000 shares of Warrior Met Coal stock in a transaction dated 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 completion of the sale, the chief executive officer owned 267,793 shares in the company, valued at $29,457,230. The trade was a 15.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen D. Williams sold 4,800 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $104.23, for a total transaction of $500,304.00. Following the transaction, the director directly owned 30,303 shares of the company’s stock, valued at approximately $3,158,481.69. This represents a 13.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 104,800 shares of company stock worth $11,250,304. 2.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Warrior Met Coal

Several hedge funds have recently modified their holdings of HCC. Arizona State Retirement System grew its holdings in Warrior Met Coal by 0.8% in the second quarter. Arizona State Retirement System now owns 14,569 shares of the company’s stock valued at $1,182,000 after purchasing an additional 113 shares during the period. Kestra Advisory Services LLC raised its stake in Warrior Met Coal by 1.5% during the first quarter. Kestra Advisory Services LLC now owns 11,440 shares of the company’s stock worth $1,066,000 after purchasing an additional 172 shares during the period. GAMMA Investing LLC raised its stake in Warrior Met Coal by 9.9% during the second quarter. GAMMA Investing LLC now owns 2,560 shares of the company’s stock worth $208,000 after purchasing an additional 230 shares during the period. Sequoia Financial Advisors LLC raised its stake in Warrior Met Coal by 11.1% during the second quarter. Sequoia Financial Advisors LLC now owns 2,715 shares of the company’s stock worth $220,000 after purchasing an additional 272 shares during the period. Finally, Hardin Capital Partners LLC boosted its holdings in shares of Warrior Met Coal by 11.6% in the 3rd quarter. Hardin Capital Partners LLC now owns 2,893 shares of the company’s stock valued at $255,000 after purchasing an additional 300 shares during the last quarter. 92.28% of the stock is owned by institutional investors and hedge funds.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc is a mining company focused on the production and export of high-quality metallurgical coal, also known as met coal. Its products are used primarily by steelmakers in the blast-furnace steelmaking process, where metallurgical coal is converted into coke to support the production of iron and steel.

The company operates underground coal mines and related processing facilities in the Brookwood coal-producing region of Alabama. Warrior Met Coal primarily produces premium hard coking coal and sells its products to customers in international steel markets, serving regions that include Europe, Asia, and the Americas.

Warrior Met Coal was formed from the assets of Walter Energy after Walter Energy’s bankruptcy and began operating as an independent public company in 2016.