Warrior Met Coal, Inc. (NYSE:HCC – Get Free Report) announced a quarterly dividend on Friday, July 26th, Wall Street Journal reports. Shareholders of record on Tuesday, August 6th will be paid a dividend of 0.08 per share on Tuesday, August 13th. This represents a $0.32 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Tuesday, August 6th.
Warrior Met Coal has raised its dividend payment by an average of 11.9% annually over the last three years. Warrior Met Coal has a payout ratio of 4.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Warrior Met Coal to earn $7.95 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 4.0%.
Warrior Met Coal Stock Down 4.3 %
Shares of HCC opened at $62.06 on Friday. Warrior Met Coal has a 12 month low of $38.01 and a 12 month high of $75.53. The stock has a market capitalization of $3.25 billion, a PE ratio of 7.47 and a beta of 1.05. The company has a current ratio of 6.86, a quick ratio of 5.85 and a debt-to-equity ratio of 0.10. The firm’s 50 day moving average is $67.45 and its 200-day moving average is $63.84.
Insider Transactions at Warrior Met Coal
In other news, insider Kelli K. Gant sold 10,000 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total transaction of $750,600.00. Following the transaction, the insider now owns 61,678 shares of the company’s stock, valued at approximately $4,629,550.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Kelli K. Gant sold 10,000 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total value of $750,600.00. Following the sale, the insider now owns 61,678 shares in the company, valued at approximately $4,629,550.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Walter J. Scheller sold 23,148 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $75.15, for a total transaction of $1,739,572.20. Following the completion of the sale, the chief executive officer now owns 340,485 shares in the company, valued at approximately $25,587,447.75. The disclosure for this sale can be found here. Insiders own 1.00% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have recently issued reports on HCC shares. Citigroup upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and upped their price target for the stock from $60.00 to $75.00 in a report on Thursday, April 11th. BMO Capital Markets boosted their price objective on shares of Warrior Met Coal from $62.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, May 2nd. Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research note on Monday, July 1st. Finally, B. Riley upped their price target on shares of Warrior Met Coal from $91.00 to $92.00 and gave the company a “buy” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $73.00.
Check Out Our Latest Report on HCC
About Warrior Met Coal
Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.
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