Warrior Met Coal (HCC) To Go Ex-Dividend on November 6th

Warrior Met Coal (NYSE:HCC) declared a quarterly dividend on Tuesday, October 27th. Shareholders of record on Friday, November 6th will be given a dividend of $0.08 per share on Friday, November 13th. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, November 6th.

Warrior Met Coal has raised its dividend by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Warrior Met Coal has a payout ratio of 7.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Warrior Met Coal to earn $9.47 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 3.4%.

Warrior Met Coal Stock Down 2.4%

HCC stock opened at $78.72 on Wednesday. Warrior Met Coal has a 52 week low of $64.66 and a 52 week high of $111.42. The company has a quick ratio of 2.79, a current ratio of 3.93 and a debt-to-equity ratio of 0.10. The firm has a 50-day simple moving average of $92.96 and a 200-day simple moving average of $90.05. The stock has a market capitalization of $4.16 billion, a P/E ratio of 19.21 and a beta of 0.75.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $488.46 million. During the same period last year, the company posted $0.11 EPS. Warrior Met Coal’s quarterly revenue was up 71.3% compared to the same quarter last year. Equities analysts forecast that Warrior Met Coal will post 6.97 earnings per share for the current fiscal year.

Insider Buying and Selling at Warrior Met Coal

In other Warrior Met Coal news, Director Stephen Williams sold 4,800 shares of the firm’s 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 sale, the director directly owned 30,303 shares in the company, valued at $3,158,481.69. This trade represents a 13.67% 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. Also, CEO Walter J. Scheller sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $105.00, for a total transaction of $5,250,000.00. Following the sale, the chief executive officer directly owned 317,793 shares in the company, valued at approximately $33,368,265. The trade was a 13.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 104,800 shares of company stock worth $11,250,304 in the last three months. 2.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Warrior Met Coal

A number of institutional investors have recently added to or reduced their stakes in HCC. Arizona State Retirement System grew its stake in Warrior Met Coal by 0.8% in the 2nd quarter. Arizona State Retirement System now owns 14,569 shares of the company’s stock valued at $1,182,000 after acquiring an additional 113 shares during the last quarter. Kestra Advisory Services LLC lifted its holdings in shares of 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 purchasing an additional 172 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of 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 purchasing an additional 230 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of 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 purchasing an additional 272 shares during the last quarter. Finally, Hardin Capital Partners LLC increased its stake 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 worth $255,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors 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.