Brokerages Set Warrior Met Coal (NYSE:HCC) PT at $102.60

Warrior Met Coal (NYSE:HCC) has received an average rating of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $102.60.

A number of research firms have recently issued reports on HCC. Weiss Ratings upgraded shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Zacks Research lowered Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Citigroup reaffirmed a “buy” rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. B. Riley Financial lifted their price objective 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, UBS Group reduced their price objective on Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th.

Insider Activity

In other Warrior Met Coal news, Director Stephen Williams sold 4,800 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were 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 approximately $3,158,481.69. This trade represents a 13.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Walter J. Scheller sold 50,000 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $110.00, for a total transaction of $5,500,000.00. Following the completion of the transaction, the chief executive officer directly owned 267,793 shares of the company’s stock, valued at approximately $29,457,230. This represents a 15.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 104,800 shares of company stock valued at $11,250,304 in the last 90 days. Corporate insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC boosted its holdings in Warrior Met Coal by 11.1% in the second quarter. Sequoia Financial Advisors LLC now owns 2,715 shares of the company’s stock valued at $220,000 after acquiring an additional 272 shares during the last quarter. WINTON GROUP Ltd boosted its stake in shares of Warrior Met Coal by 4.1% in the 2nd quarter. WINTON GROUP Ltd now owns 14,587 shares of the company’s stock valued at $1,184,000 after purchasing an additional 574 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Warrior Met Coal by 0.8% in the 2nd 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 last quarter. Nykredit A S acquired a new stake in shares of Warrior Met Coal during the 2nd quarter worth approximately $50,000. Finally, NWF Advisory Services Inc. grew its position in shares of Warrior Met Coal by 4.7% during the 2nd quarter. NWF Advisory Services Inc. now owns 93,355 shares of the company’s stock worth $7,577,000 after buying an additional 4,150 shares during the period. Institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Stock Down 4.0%

HCC opened at $91.63 on Friday. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of 22.03 and a beta of 0.67. 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 firm’s 50-day simple moving average is $92.64 and its 200-day simple moving average is $90.29. Warrior Met Coal has a twelve month low of $60.70 and a twelve month high of $111.42.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.25. The firm 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 firm’s quarterly revenue was up 71.3% on a year-over-year basis. During the same period last year, the firm posted $0.11 EPS. Equities research analysts anticipate 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. Shareholders of record on Monday, August 10th were issued 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 yield of 0.3%. Warrior Met Coal’s dividend payout ratio is currently 7.69%.

Warrior Met Coal Company Profile

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.