Warrior Met Coal (NYSE:HCC) Price Target Raised to $110.00

by · The Cerbat Gem

Warrior Met Coal (NYSE:HCC – Free Report) had its price target lifted by Royal Bank Of Canada from $90.00 to $110.00 in a report released on Wednesday,Benzinga reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

HCC has been the topic of several other reports. Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings raised Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Citigroup restated a “buy” rating on shares of Warrior Met Coal in a research note on Wednesday, June 10th. B. Riley Financial increased their price target on Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Finally, Zacks Research lowered Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Warrior Met Coal presently has a consensus rating of “Moderate Buy” and an average price target of $103.83.

View Our Latest Research Report on HCC

Warrior Met Coal Stock Performance

Shares of Warrior Met Coal stock opened at $88.06 on Wednesday. The company has a market capitalization of $4.65 billion, a PE ratio of 21.17 and a beta of 0.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.79 and a current ratio of 3.93. The company has a 50-day simple moving average of $93.34 and a two-hundred day simple moving average of $90.40. Warrior Met Coal has a one year low of $60.70 and a one year high of $111.42.

Warrior Met Coal (NYSE:HCC – Get Free Report) last released 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 business had revenue of $509.69 million for the quarter, compared to analysts’ expectations of $488.46 million. During the same period last year, the business earned $0.11 EPS. The company’s revenue was up 71.3% compared to the same quarter last year. Research analysts expect that Warrior Met Coal will post 5.74 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 10th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Warrior Met Coal’s dividend payout ratio is 7.69%.

Insider Activity

In other news, CEO Walter Scheller sold 50,000 shares of the stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $110.00, for a total transaction of $5,500,000.00. Following the transaction, the chief executive officer owned 267,793 shares in the company, valued at $29,457,230. This trade represents a 15.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Stephen D. Williams sold 4,800 shares of Warrior Met Coal stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $104.23, for a total transaction of $500,304.00. Following the completion of the sale, the director owned 30,303 shares in the company, valued at approximately $3,158,481.69. This trade represents a 13.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 104,800 shares of company stock worth $11,250,304. Corporate insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On Warrior Met Coal

A number of hedge funds have recently modified their holdings of HCC. Sequoia Financial Advisors LLC boosted its holdings in shares of Warrior Met Coal by 11.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,715 shares of the company’s stock worth $220,000 after purchasing an additional 272 shares during the last quarter. WINTON GROUP Ltd grew its holdings in Warrior Met Coal by 4.1% in the 2nd quarter. WINTON GROUP Ltd now owns 14,587 shares of the company’s stock valued at $1,184,000 after buying an additional 574 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Warrior Met Coal by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 14,569 shares of the company’s stock worth $1,182,000 after acquiring an additional 113 shares during the period. Nykredit A S acquired a new position in shares of Warrior Met Coal during the 2nd quarter valued at about $50,000. Finally, NWF Advisory Services Inc. grew its holdings in shares of Warrior Met Coal by 4.7% in the second quarter. NWF Advisory Services Inc. now owns 93,355 shares of the company’s stock valued at $7,577,000 after purchasing an additional 4,150 shares during the period. 92.28% of the stock is currently owned by institutional investors and hedge funds.

About Warrior Met Coal

(Get Free Report)

Warrior Met Coal, Inc is a mining company that produces and exports metallurgical coal used primarily in steelmaking. The company operates underground mines and related processing facilities in Alabama’s Blue Creek coal seam, producing high-quality, low-volatility metallurgical coal for use in blast-furnace steel production.

The company sells its products to steel producers and coke manufacturers in international markets, serving customers across regions that include Europe, Asia and South America.

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