Stephen Williams Sells 4,800 Shares of Warrior Met Coal (NYSE:HCC) Stock

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

Warrior Met Coal Stock Up 4.9%

Shares of HCC stock traded up $5.06 on Friday, hitting $108.42. 355,380 shares of the stock were exchanged, compared to its average volume of 855,454. The firm has a market capitalization of $5.72 billion, a P/E ratio of 26.06 and a beta of 0.65. The business has a 50-day moving average of $86.20 and a 200 day moving average of $88.27. 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 has a fifty-two week low of $54.66 and a fifty-two week high of $110.39.

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

Warrior Met Coal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 10th were issued 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 was Monday, August 10th. Warrior Met Coal’s payout ratio is presently 7.69%.

Institutional Trading of Warrior Met Coal

Several large investors have recently made changes to their positions in HCC. Meeder Asset Management Inc. bought a new position in Warrior Met Coal in the fourth quarter valued at approximately $31,000. Quantbot Technologies LP bought a new stake in Warrior Met Coal during the second quarter worth $31,000. Parallel Advisors LLC boosted its holdings in shares of Warrior Met Coal by 272.1% in the 4th quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock valued at $36,000 after purchasing an additional 302 shares in the last quarter. IFP Advisors Inc acquired a new stake in shares of Warrior Met Coal in the 4th quarter valued at $37,000. Finally, Allworth Financial LP bought a new position in shares of Warrior Met Coal in the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wall Street Zen upgraded shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings upgraded Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. UBS Group dropped their price objective on Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating for the company in a report on Thursday, August 6th. B. Riley Financial upped their target price on Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Finally, Zacks Research cut Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Warrior Met Coal presently has an average rating of “Moderate Buy” and a consensus price target 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.