Benchmark Reaffirms “Hold” Rating for Warrior Met Coal (NYSE:HCC)

Benchmark reiterated their hold rating on shares of Warrior Met Coal (NYSE:HCC) in a report issued on Monday, Benzinga reports.

A number of other equities analysts have also issued reports on HCC. BMO Capital Markets raised their price target on shares of Warrior Met Coal from $62.00 to $70.00 and gave the stock a market perform rating in a research report on Thursday, May 2nd. Citigroup raised shares of Warrior Met Coal from a neutral rating to a buy rating and raised their target price for the stock from $60.00 to $75.00 in a report on Thursday, April 11th. 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 report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $73.00.

Warrior Met Coal Price Performance

Shares of HCC opened at $59.51 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.86 and a quick ratio of 5.85. The company’s fifty day moving average price is $67.10 and its 200-day moving average price is $63.70. Warrior Met Coal has a 1-year low of $38.14 and a 1-year high of $75.53. The firm has a market capitalization of $3.11 billion, a PE ratio of 7.16 and a beta of 1.05.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Thursday, August 1st. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.03. Warrior Met Coal had a return on equity of 23.27% and a net margin of 25.01%. The business had revenue of $396.52 million for the quarter, compared to the consensus estimate of $387.91 million. During the same quarter in the previous year, the business earned $1.63 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts predict that Warrior Met Coal will post 7.36 EPS for the current year.

Warrior Met Coal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Tuesday, August 6th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 3.85%.

Insider Activity at Warrior Met Coal

In other news, CEO Walter J. Scheller sold 23,148 shares of the 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 sale, the chief executive officer now directly owns 340,485 shares of the company’s stock, valued at approximately $25,587,447.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Walter J. Scheller sold 23,148 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 340,485 shares of the company’s stock, valued at approximately $25,587,447.75. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Kelli K. Gant sold 10,000 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total value of $750,600.00. Following the transaction, the insider now owns 61,678 shares in the company, valued at approximately $4,629,550.68. The disclosure for this sale can be found here. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of HCC. New York State Teachers Retirement System boosted its holdings in Warrior Met Coal by 4.2% in the 4th quarter. New York State Teachers Retirement System now owns 27,638 shares of the company’s stock worth $1,685,000 after buying an additional 1,104 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Warrior Met Coal by 6.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,940 shares of the company’s stock worth $1,460,000 after acquiring an additional 1,471 shares during the last quarter. Graham Capital Wealth Management LLC purchased a new stake in shares of Warrior Met Coal during the fourth quarter worth approximately $1,773,000. Louisiana State Employees Retirement System acquired a new position in Warrior Met Coal in the 4th quarter valued at $1,585,000. Finally, Private Client Services LLC purchased a new position in Warrior Met Coal in the 4th quarter valued at $851,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

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.