Warrior Met Coal (NYSE:HCC) Stock Gets Price Target Cut from B. Riley Financial

Warrior Met Coal (NYSE:HCC) had its price target reduced by B. Riley Financial from $123.00 to $122.00 in a report published on Monday,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also recently weighed in on HCC. Wall Street Zen upgraded shares of Warrior Met Coal from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 10th. Royal Bank Of Canada raised their price objective on shares of Warrior Met Coal from $90.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Wednesday, September 16th. Zacks Research downgraded shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. 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. Finally, UBS Group increased their target price on shares of Warrior Met Coal from $98.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, October 8th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $104.33.

Warrior Met Coal Price Performance

Shares of NYSE HCC opened at $83.04 on Monday. The stock has a market cap of $4.38 billion, a P/E ratio of 19.96 and a beta of 0.72. Warrior Met Coal has a twelve month low of $62.24 and a twelve month high of $111.42. The stock has a 50 day moving average of $94.72 and a two-hundred day moving average of $90.38. The company has a current ratio of 3.93, a quick ratio of 2.79 and a debt-to-equity ratio of 0.10.

Warrior Met Coal (NYSE:HCC) last announced its earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.25. The business had revenue of $509.69 million for the quarter, compared to analyst estimates of $488.46 million. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The company’s revenue for the quarter was up 71.3% compared to the same quarter last year. During the same period last year, the firm posted $0.11 earnings per share. On average, research analysts forecast that Warrior Met Coal will post 6.71 earnings per share for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, November 6th will be paid a $0.08 dividend. The ex-dividend date is Friday, November 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. Warrior Met Coal’s payout ratio is 7.69%.

Insider Buying and Selling

In other Warrior Met Coal news, CEO Walter Scheller sold 50,000 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $110.00, for a total value of $5,500,000.00. Following the completion of the transaction, the chief executive officer owned 267,793 shares in the company, valued at approximately $29,457,230. This represents a 15.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen D. Williams sold 4,800 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total value of $500,304.00. Following the completion of the transaction, the director owned 30,303 shares of the company’s stock, valued at $3,158,481.69. The trade was a 13.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 104,800 shares of company stock worth $11,250,304. Company insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Warrior Met Coal

Hedge funds and other institutional investors have recently bought and sold shares of the business. Arizona State Retirement System grew its position in Warrior Met Coal by 0.8% during the second quarter. Arizona State Retirement System now owns 14,569 shares of the company’s stock worth $1,182,000 after buying an additional 113 shares during the period. Kestra Advisory Services LLC increased its holdings in Warrior Met Coal by 1.5% in the first quarter. Kestra Advisory Services LLC now owns 11,440 shares of the company’s stock valued at $1,066,000 after buying an additional 172 shares in the last quarter. GAMMA Investing LLC increased its holdings in Warrior Met Coal by 9.9% in the second quarter. GAMMA Investing LLC now owns 2,560 shares of the company’s stock valued at $208,000 after buying an additional 230 shares in the last quarter. Sequoia Financial Advisors LLC increased 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 buying an additional 272 shares in the last quarter. Finally, Hardin Capital Partners LLC lifted its position in shares of Warrior Met Coal by 11.6% during the 3rd quarter. Hardin Capital Partners LLC now owns 2,893 shares of the company’s stock valued at $255,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc is a mining company focused on the production and export of high-quality metallurgical coal, also known as met coal. Its products are used primarily by steelmakers in the blast-furnace steelmaking process, where metallurgical coal is converted into coke to support the production of iron and steel.

The company operates underground coal mines and related processing facilities in the Brookwood coal-producing region of Alabama. Warrior Met Coal primarily produces premium hard coking coal and sells its products to customers in international steel markets, serving regions that include Europe, Asia, and the Americas.

Warrior Met Coal was formed from the assets of Walter Energy after Walter Energy’s bankruptcy and began operating as an independent public company in 2016.