Warrior Met Coal (NYSE:HCC) Receives Consensus Recommendation of “Hold” from Brokerages

Warrior Met Coal (NYSE:HCC) has earned an average recommendation of “Hold” from the seven research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $102.60.

Several research firms have recently weighed in on HCC. Jefferies Financial Group lifted their price target on shares of Warrior Met Coal from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Citigroup upped their price target on shares of Warrior Met Coal from $80.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday. UBS Group lifted their price objective on shares of Warrior Met Coal from $100.00 to $101.00 and gave the company a “buy” rating in a report on Thursday, March 12th. B. Riley Financial restated a “buy” rating on shares of Warrior Met Coal in a report on Friday, February 13th. Finally, Wall Street Zen upgraded Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Sunday, February 15th.

Insiders Place Their Bets

In related news, insider Kelli K. Gant sold 10,000 shares of the business’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $100.00, for a total transaction of $1,000,000.00. Following the transaction, the insider directly owned 70,580 shares in the company, valued at $7,058,000. The trade was a 12.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Walter J. Scheller sold 100,000 shares of the company’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $100.31, for a total transaction of $10,031,000.00. Following the transaction, the chief executive officer owned 294,183 shares in the company, valued at approximately $29,509,496.73. This trade represents a 25.37% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Warrior Met Coal

Several hedge funds and other institutional investors have recently bought and sold shares of HCC. Allianz Asset Management GmbH lifted its stake in Warrior Met Coal by 9.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,543,673 shares of the company’s stock valued at $98,239,000 after acquiring an additional 130,396 shares during the period. Geode Capital Management LLC raised its holdings in shares of Warrior Met Coal by 1.3% during the second quarter. Geode Capital Management LLC now owns 1,269,888 shares of the company’s stock worth $58,210,000 after purchasing an additional 15,851 shares during the last quarter. QV Investors Inc. purchased a new stake in Warrior Met Coal in the third quarter valued at $10,549,000. Victory Capital Management Inc. grew its position in Warrior Met Coal by 7.3% during 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 during the period. Finally, Affinity Wealth Management LLC acquired a new position in shares of Warrior Met Coal in the 3rd quarter valued at about $2,167,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Price Performance

HCC opened at $88.39 on Friday. The business has a fifty day moving average of $89.22 and a 200 day moving average of $79.04. The stock has a market cap of $4.67 billion, a P/E ratio of 81.09 and a beta of 0.69. The company has a quick ratio of 2.27, a current ratio of 3.19 and a debt-to-equity ratio of 0.11. Warrior Met Coal has a 52-week low of $38.00 and a 52-week high of $105.35.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Thursday, February 12th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.18). The business had revenue of $383.99 million for the quarter, compared to the consensus estimate of $381.72 million. Warrior Met Coal had a return on equity of 2.71% and a net margin of 4.35%.The firm’s revenue for the quarter was up 29.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 earnings per share. As a group, sell-side analysts anticipate that Warrior Met Coal will post 4.86 EPS for the current year.

Warrior Met Coal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 23rd were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, February 23rd. Warrior Met Coal’s payout ratio is 29.36%.

Warrior Met Coal Company Profile

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.