Warrior Met Coal, Inc. (NYSE:HCC) Receives $73.00 Consensus Target Price from Analysts

Shares of Warrior Met Coal, Inc. (NYSE:HCC) have earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $72.60.

Several equities analysts have recently issued reports on HCC shares. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a research note on Monday, August 5th. B. Riley cut their price objective on shares of Warrior Met Coal from $92.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday.

Insider Buying and Selling

In other news, insider Kelli K. Gant sold 10,000 shares of Warrior Met Coal stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total transaction of $750,600.00. Following the completion of the sale, the insider now directly 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 accessible through this hyperlink. In related news, insider Kelli K. Gant sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $75.06, for a total value of $750,600.00. Following the sale, the insider now directly owns 61,678 shares of the company’s stock, valued at $4,629,550.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Walter J. Scheller sold 23,148 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $75.15, for a total transaction of $1,739,572.20. Following the transaction, 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. 1.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Warrior Met Coal

Several large investors have recently bought and sold shares of HCC. Charles Schwab Investment Management Inc. grew its holdings in Warrior Met Coal by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 523,538 shares of the company’s stock valued at $31,920,000 after purchasing an additional 5,537 shares during the period. Versor Investments LP purchased a new stake in shares of Warrior Met Coal in the fourth quarter valued at $754,000. QRG Capital Management Inc. grew its stake in shares of Warrior Met Coal by 27.7% during the fourth quarter. QRG Capital Management Inc. now owns 8,178 shares of the company’s stock valued at $499,000 after buying an additional 1,774 shares during the last quarter. USA Financial Formulas bought a new stake in shares of Warrior Met Coal during the fourth quarter worth $25,000. Finally, Massachusetts Financial Services Co. MA bought a new position in Warrior Met Coal in the 4th quarter worth about $1,208,000. 92.28% of the stock is currently owned by institutional investors.

Warrior Met Coal Stock Performance

NYSE HCC opened at $52.60 on Wednesday. Warrior Met Coal has a 52-week low of $41.19 and a 52-week high of $75.53. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.37 and a quick ratio of 5.37. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 6.33 and a beta of 1.02. The company’s fifty day moving average is $64.23 and its two-hundred day moving average is $63.25.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Thursday, August 1st. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.32 by $0.03. The business had revenue of $396.52 million during the quarter, compared to the consensus estimate of $387.91 million. Warrior Met Coal had a return on equity of 22.71% and a net margin of 25.01%. Warrior Met Coal’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company earned $1.63 EPS. Equities research analysts forecast that Warrior Met Coal will post 6.87 EPS for the current year.

Warrior Met Coal Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were paid a $0.08 dividend. The ex-dividend date was Tuesday, August 6th. This represents a $0.32 dividend on an annualized basis and a yield of 0.61%. Warrior Met Coal’s dividend payout ratio is 3.85%.

Warrior Met Coal Company Profile

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.