Warrior Met Coal (NYSE:HCC) CEO Sells 50,000 Shares of Stock

Warrior Met Coal (NYSE:HCC) CEO Walter Scheller sold 50,000 shares of Warrior Met Coal stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $105.00, for a total value of $5,250,000.00. Following the completion of the transaction, the chief executive officer directly owned 317,793 shares in the company, valued at $33,368,265. This represents a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Warrior Met Coal Trading Up 4.9%

Shares of NYSE:HCC traded up $5.06 during trading on Friday, reaching $108.42. 355,380 shares of the stock were exchanged, compared to its average volume of 855,454. The firm’s 50-day moving average price is $86.20 and its 200 day moving average price is $88.27. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 26.06 and a beta of 0.65. Warrior Met Coal has a 12-month low of $54.66 and a 12-month high of $110.39. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.79 and a current ratio of 3.93.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.40 by $0.25. The firm 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%. Warrior Met Coal’s revenue for the quarter was up 71.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.11 earnings per share. On average, sell-side analysts anticipate that Warrior Met Coal will post 5.74 earnings per share for the current fiscal year.

Warrior Met Coal Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were given 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 0.3%. Warrior Met Coal’s dividend payout ratio is presently 7.69%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Citigroup restated a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. Wall Street Zen upgraded Warrior Met Coal from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. B. Riley Financial boosted their price target on Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Finally, UBS Group decreased their price target on Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Warrior Met Coal presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.60.

Institutional Investors Weigh In On Warrior Met Coal

Hedge funds have recently bought and sold shares of the business. Nykredit A S acquired a new position in shares of Warrior Met Coal in the 2nd quarter valued at approximately $50,000. Maple Rock Capital Partners Inc. grew its position in shares of Warrior Met Coal by 77.2% during the second quarter. Maple Rock Capital Partners Inc. now owns 253,559 shares of the company’s stock worth $20,579,000 after buying an additional 110,500 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Warrior Met Coal in the second quarter worth $863,000. Two Sigma Securities LLC bought a new stake in shares of Warrior Met Coal in the second quarter worth $479,000. Finally, Benjamin Edwards Inc. bought a new stake in shares of Warrior Met Coal in the second quarter worth $357,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Company Profile

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.