Warrior Met Coal (NYSE:HCC) Shares Down 5.2% – Time to Sell?

Warrior Met Coal (NYSE:HCC) shares traded down 5.2% on Monday. The stock traded as low as $84.76 and last traded at $85.3080. Approximately 365,773 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 806,677 shares. The stock had previously closed at $89.94.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HCC shares. UBS Group upped their target price on shares of Warrior Met Coal from $98.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, October 8th. Weiss Ratings upgraded Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Royal Bank Of Canada boosted their price objective on Warrior Met Coal from $90.00 to $110.00 and gave the company a “sector perform” rating in a report on Wednesday, September 16th. Wall Street Zen raised Warrior Met Coal from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 10th. Finally, Zacks Research cut Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $104.50.

Warrior Met Coal Price Performance

The company has a 50 day moving average of $96.83 and a 200-day moving average of $90.94. The stock has a market capitalization of $4.51 billion, a P/E ratio of 20.53 and a beta of 0.72. The company has a quick ratio of 2.79, a current ratio of 3.93 and a debt-to-equity ratio of 0.10.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.25. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The firm had revenue of $509.69 million during the quarter, compared to the consensus estimate of $488.46 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The firm’s revenue was up 71.3% on a year-over-year basis. Sell-side analysts predict that Warrior Met Coal will post 6.71 EPS for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were issued a $0.08 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. Warrior Met Coal’s payout ratio is 7.69%.

Insider Transactions at Warrior Met Coal

In related news, Director Stephen Williams sold 4,800 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $104.23, for a total transaction of $500,304.00. Following the sale, the director owned 30,303 shares in the company, valued at $3,158,481.69. This represents a 13.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Walter J. Scheller sold 50,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $110.00, for a total transaction of $5,500,000.00. Following the completion of the transaction, the chief executive officer directly owned 267,793 shares in the company, valued at $29,457,230. This represents a 15.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 104,800 shares of company stock valued at $11,250,304. Insiders own 2.10% of the company’s stock.

Institutional Trading of Warrior Met Coal

A number of institutional investors and hedge funds have recently made changes to their positions in HCC. BlackRock Inc. bought a new stake in shares of Warrior Met Coal in the 2nd quarter worth approximately $606,503,000. Renaissance Technologies LLC grew its stake in Warrior Met Coal by 22.6% during the 1st quarter. Renaissance Technologies LLC now owns 810,781 shares of the company’s stock worth $75,524,000 after buying an additional 149,600 shares during the last quarter. Goehring & Rozencwajg Associates LLC bought a new position in Warrior Met Coal during the 1st quarter worth $55,714,000. Bank of New York Mellon Corp acquired a new stake in Warrior Met Coal in the second quarter worth $31,201,000. Finally, Summit Street Capital Management LLC acquired a new stake in Warrior Met Coal in the second quarter worth $25,744,000. 92.28% of the stock is currently owned by institutional investors and hedge funds.

About Warrior Met Coal

Warrior Met Coal, Inc (NYSE: HCC) is a U.S.-based producer and exporter of metallurgical coal, also known as coking coal. Its products are used primarily by global steelmakers in blast-furnace steel production, where metallurgical coal is converted into coke to support the conversion of iron ore into steel.

The company operates underground coal mines and related processing and transportation facilities in the Brookwood coal mine area of central Alabama. Warrior Met Coal’s product portfolio is focused on premium high-volatility metallurgical coal, which it sells to customers in domestic and international steel markets.