Warrior Met Coal (NYSE:HCC) Insider Kelli Gant Sells 20,000 Shares of Stock

Warrior Met Coal (NYSE:HCC) insider Kelli Gant sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following the completion of the transaction, the insider owned 67,775 shares in the company, valued at $7,455,250. The trade was a 22.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Warrior Met Coal Stock Up 0.2%

HCC opened at $106.10 on Friday. The company has a current ratio of 3.48, a quick ratio of 2.42 and a debt-to-equity ratio of 0.11. Warrior Met Coal has a 1-year low of $40.80 and a 1-year high of $110.39. The company has a market capitalization of $5.60 billion, a PE ratio of 40.50 and a beta of 0.62. The firm’s 50 day simple moving average is $91.02 and its two-hundred day simple moving average is $88.40.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.04). Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.The business had revenue of $458.59 million during the quarter, compared to the consensus estimate of $467.57 million. During the same quarter in the previous year, the business posted ($0.16) earnings per share. The firm’s revenue was up 52.9% on a year-over-year basis. As a group, equities analysts forecast that Warrior Met Coal will post 6.78 EPS for the current year.

Warrior Met Coal Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 7th. Investors of record on Friday, May 1st were paid a dividend of $0.08 per share. The ex-dividend date was Friday, May 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.3%. Warrior Met Coal’s payout ratio is 12.21%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH lifted its holdings in Warrior Met Coal by 9.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,543,673 shares of the company’s stock worth $98,239,000 after purchasing an additional 130,396 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Warrior Met Coal by 7.3% in the 3rd quarter. Victory Capital Management Inc. now owns 818,593 shares of the company’s stock worth $52,095,000 after purchasing an additional 55,416 shares in the last quarter. Capital International Investors lifted its holdings in Warrior Met Coal by 27.1% in the 3rd quarter. Capital International Investors now owns 852,403 shares of the company’s stock worth $54,247,000 after purchasing an additional 181,975 shares in the last quarter. Affinity Wealth Management LLC purchased a new position in Warrior Met Coal in the 3rd quarter worth approximately $2,167,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Warrior Met Coal by 2,821,294.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 987,488 shares of the company’s stock worth $87,067,000 after purchasing an additional 987,453 shares in the last quarter. 92.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HCC. Zacks Research downgraded Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. UBS Group cut their price objective on Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Wall Street Zen upgraded Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Sunday, February 15th. B. Riley Financial reiterated a “buy” rating on shares of Warrior Met Coal in a research note on Friday, February 13th. Finally, Weiss Ratings upgraded Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $102.80.

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.