Warrior Met Coal (NYSE:HCC) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Warrior Met Coal (NYSE:HCC) have been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $103.00.

A number of equities analysts recently issued reports on HCC shares. B. Riley Financial lifted their target price on Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Zacks Research raised Warrior Met Coal from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, June 29th. Weiss Ratings downgraded Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 30th. Wall Street Zen lowered Warrior Met Coal from a “buy” rating to a “hold” rating in a research report on Saturday, July 18th. Finally, UBS Group dropped their price target on Warrior Met Coal from $102.00 to $100.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th.

Warrior Met Coal Trading Down 1.0%

Warrior Met Coal stock opened at $79.58 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.42 and a current ratio of 3.48. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 30.37 and a beta of 0.65. Warrior Met Coal has a 1 year low of $49.07 and a 1 year high of $110.39. The firm’s 50 day moving average price is $87.57 and its two-hundred day moving average price is $88.62.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.37 earnings per share (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 company had revenue of $458.59 million during the quarter, compared to the consensus estimate of $467.57 million. During the same period in the prior year, the company posted ($0.16) EPS. Warrior Met Coal’s quarterly revenue was up 52.9% on a year-over-year basis. On average, research analysts predict that Warrior Met Coal will post 5.83 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Monday, August 10th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Warrior Met Coal’s dividend payout ratio is currently 12.21%.

Insider Activity at Warrior Met Coal

In other Warrior Met Coal news, insider Kelli K. Gant sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the transaction, the insider directly owned 67,775 shares in the company, valued at $7,455,250. This trade represents a 22.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 2.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Warrior Met Coal

A number of large investors have recently made changes to their positions in HCC. Adage Capital Partners GP L.L.C. boosted its stake in 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 purchasing an additional 1,069,025 shares during the period. UBS Group AG grew its position in Warrior Met Coal by 219.2% during the 3rd quarter. UBS Group AG now owns 1,554,071 shares of the company’s stock worth $98,901,000 after purchasing an additional 1,067,247 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Warrior Met Coal by 2,821,294.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 987,488 shares of the company’s stock valued at $87,067,000 after purchasing an additional 987,453 shares during the period. State Street Corp raised its stake in Warrior Met Coal by 25.2% during the 2nd 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 period. Finally, Goehring & Rozencwajg Associates LLC purchased a new stake in shares of Warrior Met Coal in the first quarter valued at $55,714,000. Institutional investors and hedge funds 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.