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

Warrior Met Coal, Inc. (NYSE:HCC) has received an average recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $72.60.

A number of research firms recently weighed in on HCC. Benchmark restated a “hold” rating on shares of Warrior Met Coal in a research report on Monday, August 5th. B. Riley dropped their price target on Warrior Met Coal from $92.00 to $90.00 and set a “buy” rating for the company in a research report on Friday.

Insider Activity

In other Warrior Met Coal news, CEO Walter J. Scheller sold 23,148 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $75.15, for a total value of $1,739,572.20. Following the completion of the sale, the chief executive officer now owns 340,485 shares of the company’s stock, valued at $25,587,447.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Warrior Met Coal 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 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 sale was disclosed in a document filed with the SEC, 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 stock was sold at an average price of $75.15, for a total value 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. Insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH increased its holdings in shares of Warrior Met Coal by 9.7% in the 4th quarter. Allianz Asset Management GmbH now owns 729,620 shares of the company’s stock worth $44,485,000 after acquiring an additional 64,672 shares during the period. Forest Avenue Capital Management LP acquired a new position in shares of Warrior Met Coal in the 4th quarter valued at $6,725,000. Wellington Management Group LLP boosted its holdings in shares of Warrior Met Coal by 7.1% in the fourth quarter. Wellington Management Group LLP now owns 90,211 shares of the company’s stock worth $5,500,000 after buying an additional 6,015 shares during the period. UniSuper Management Pty Ltd acquired a new position in Warrior Met Coal in the 1st quarter worth approximately $604,000. Finally, US Bancorp DE boosted its position in shares of Warrior Met Coal by 4,886.7% in the fourth quarter. US Bancorp DE now owns 16,157 shares of the company’s stock worth $985,000 after buying an additional 15,833 shares during the period. 92.28% of the stock is owned by institutional investors and hedge funds.

Warrior Met Coal Stock Performance

NYSE HCC opened at $52.60 on Wednesday. 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 stock’s 50 day simple moving average is $64.23 and its 200-day simple moving average is $63.25. The company has a market cap of $2.75 billion, a PE ratio of 6.33 and a beta of 1.02. Warrior Met Coal has a 1-year low of $41.19 and a 1-year high of $75.53.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Thursday, August 1st. The company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.03. Warrior Met Coal had a return on equity of 22.71% and a net margin of 25.01%. The company had revenue of $396.52 million for the quarter, compared to analyst estimates of $387.91 million. During the same quarter last year, the firm posted $1.63 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, equities research analysts anticipate that Warrior Met Coal will post 6.87 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Tuesday, August 6th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 3.85%.

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.