Warrior Met Coal (NYSE:HCC) Given Consensus Rating of “Hold” by Analysts

Shares of Warrior Met Coal (NYSE:HCC) have received an average recommendation of “Hold” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $103.40.

Several equities analysts recently issued reports on the stock. Citigroup reiterated a “buy” rating on shares of Warrior Met Coal in a research report on Wednesday, June 10th. Zacks Research cut shares of Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. B. Riley Financial boosted their price target on shares of Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Weiss Ratings upgraded shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 3rd. Finally, UBS Group reduced their price target on shares of Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating on the stock in a research report on Friday, May 1st.

Warrior Met Coal Stock Performance

Shares of NYSE:HCC opened at $81.14 on Tuesday. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 30.97 and a beta of 0.62. The company has a 50-day moving average price of $90.89 and a 200-day moving average price of $89.95. 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 12 month low of $43.43 and a 12 month high of $110.39.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.37 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.04). Warrior Met Coal had a net margin of 9.36% and a return on equity of 6.44%. The firm had revenue of $458.59 million for the quarter, compared to the consensus estimate of $467.57 million. During the same period last year, the company posted ($0.16) earnings per share. The business’s revenue was up 52.9% on a year-over-year basis. As a group, equities analysts anticipate that Warrior Met Coal will post 6.89 EPS for the current year.

Warrior Met Coal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 7th. Investors of record on Friday, May 1st were given a dividend of $0.08 per share. The ex-dividend date was Friday, May 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. Warrior Met Coal’s payout ratio is currently 12.21%.

Insider Activity

In related news, insider Kelli K. Gant sold 20,000 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total transaction of $2,200,000.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Warrior Met Coal

A number of institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp lifted its holdings in shares of Warrior Met Coal by 25.2% during the second quarter. State Street Corp now owns 4,099,070 shares of the company’s stock valued at $187,860,000 after purchasing an additional 825,807 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its stake in shares of Warrior Met Coal by 130.4% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,889,025 shares of the company’s stock worth $86,574,000 after buying an additional 1,069,025 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Warrior Met Coal by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,833,578 shares of the company’s stock valued at $116,687,000 after buying an additional 5,077 shares in the last quarter. Maple Rock Capital Partners Inc. increased its position in Warrior Met Coal by 12.0% during the 4th quarter. Maple Rock Capital Partners Inc. now owns 1,637,238 shares of the company’s stock valued at $144,355,000 after buying an additional 175,500 shares in the last quarter. Finally, UBS Group AG raised its stake in Warrior Met Coal by 219.2% during the third quarter. UBS Group AG now owns 1,554,071 shares of the company’s stock valued at $98,901,000 after buying an additional 1,067,247 shares during the last quarter. Institutional investors own 92.28% of the company’s stock.

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.