Warrior Met Coal (NYSE:HCC) Given Average Rating of “Hold” by Brokerages

Warrior Met Coal (NYSE:HCC) has been assigned a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $102.80.

A number of research firms recently issued reports on HCC. B. Riley Financial reiterated a “buy” rating on shares of Warrior Met Coal in a report on Friday, February 13th. Zacks Research downgraded Warrior Met Coal from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. UBS Group decreased their price objective on Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating for the company in a report on Friday, May 1st. Wall Street Zen upgraded Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. Finally, Citigroup increased their price objective on Warrior Met Coal from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th.

Insider Activity

In related news, insider Kelli K. Gant sold 20,000 shares of the stock in a transaction dated 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 directly owned 67,775 shares in the company, valued at approximately $7,455,250. This trade represents a 22.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Maryland State Retirement & Pension System grew its stake in Warrior Met Coal by 1.6% in the fourth quarter. Maryland State Retirement & Pension System now owns 7,678 shares of the company’s stock valued at $677,000 after purchasing an additional 121 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Warrior Met Coal by 1.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 12,027 shares of the company’s stock valued at $1,060,000 after purchasing an additional 149 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Warrior Met Coal by 12.1% in the third quarter. Smartleaf Asset Management LLC now owns 1,559 shares of the company’s stock valued at $99,000 after purchasing an additional 168 shares in the last quarter. Kestra Advisory Services LLC boosted its stake in shares of Warrior Met Coal by 1.5% during the 1st quarter. Kestra Advisory Services LLC now owns 11,440 shares of the company’s stock worth $1,066,000 after acquiring an additional 172 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of Warrior Met Coal by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 15,552 shares of the company’s stock worth $990,000 after acquiring an additional 213 shares during the period. 92.28% of the stock is currently owned by institutional investors.

Warrior Met Coal Trading Up 0.2%

NYSE HCC opened at $106.10 on Friday. The firm has a market cap of $5.60 billion, a P/E ratio of 40.50 and a beta of 0.62. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.48 and a quick ratio of 2.42. The stock’s 50-day moving average is $91.02 and its 200-day moving average is $88.40. Warrior Met Coal has a one year low of $40.80 and a one year high of $110.39.

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

Warrior Met Coal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 7th. Investors of record on Friday, May 1st were issued 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 dividend payout ratio (DPR) is presently 12.21%.

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.