Warrior Met Coal (NYSE:HCC) Shares Down 4.6% – Here’s Why

Warrior Met Coal (NYSE:HCC) shares fell 4.6% on Tuesday. The stock traded as low as $88.16 and last traded at $87.49. Approximately 135,206 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 823,527 shares. The stock had previously closed at $91.75.

Analysts Set New Price Targets

A number of research firms have recently commented on HCC. Zacks Research lowered shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Wall Street Zen upgraded 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. B. Riley Financial boosted their target price on shares of Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Finally, Royal Bank Of Canada upped their price target on shares of Warrior Met Coal from $90.00 to $110.00 and gave the company a “sector perform” rating in a report on Wednesday, September 16th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.83.

Warrior Met Coal Stock Down 4.7%

The firm’s 50-day simple moving average is $94.45 and its 200-day simple moving average is $90.88. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.79 and a current ratio of 3.93. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of 21.04 and a beta of 0.67.

Warrior Met Coal (NYSE:HCC) last released its quarterly 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 net margin of 13.05% and a return on equity of 10.02%. The business 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 earned $0.11 earnings per share. Warrior Met Coal’s revenue was up 71.3% compared to the same quarter last year. Sell-side analysts forecast that Warrior Met Coal will post 5.74 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders 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 dividend yield of 0.4%. The ex-dividend date was Monday, August 10th. Warrior Met Coal’s dividend payout ratio is presently 7.69%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Warrior Met Coal

Institutional investors have recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in Warrior Met Coal during the 2nd quarter valued at $31,000. IFP Advisors Inc bought a new position in shares of Warrior Met Coal in the fourth quarter valued at $37,000. Meeder Asset Management Inc. acquired a new position in shares of Warrior Met Coal during the second quarter valued at about $37,000. Allworth Financial LP bought a new stake in shares of Warrior Met Coal during the second quarter worth about $39,000. Finally, Nykredit A S bought a new stake in shares of Warrior Met Coal during the second quarter worth about $50,000. 92.28% of the stock is owned by institutional investors and hedge funds.

About Warrior Met Coal

Warrior Met Coal, Inc is a mining company that produces and exports metallurgical coal used primarily in steelmaking. The company operates underground mines and related processing facilities in Alabama’s Blue Creek coal seam, producing high-quality, low-volatility metallurgical coal for use in blast-furnace steel production.

The company sells its products to steel producers and coke manufacturers in international markets, serving customers across regions that include Europe, Asia and South America.