Warrior Met Coal (HCC) – What Are Analysts Saying About This Stock?
by Tristan Rich · The Markets DailyShares of Warrior Met Coal (NYSE:HCC – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $104.50.
HCC has been the subject of a number of research analyst reports. Zacks Research cut Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Wall Street Zen upgraded shares of Warrior Met Coal from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Royal Bank Of Canada upped their price target on shares of Warrior Met Coal from $90.00 to $110.00 and gave the company a “sector perform” rating in a report on Wednesday, September 16th. Weiss Ratings raised shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 11th. Finally, UBS Group upped their target price on Warrior Met Coal from $98.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday.
Check Out Our Latest Stock Report on HCC
Warrior Met Coal Price Performance
HCC stock opened at $94.25 on Thursday. The firm has a 50 day moving average of $96.53 and a 200-day moving average of $91.10. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 22.66 and a beta of 0.72. The company has a current ratio of 3.93, a quick ratio of 2.79 and a debt-to-equity ratio of 0.10. Warrior Met Coal has a 12-month low of $61.87 and a 12-month 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, topping analysts’ consensus estimates of $1.40 by $0.25. The business had revenue of $509.69 million for the quarter, compared to analysts’ expectations of $488.46 million. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%. The company’s revenue was up 71.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.11 EPS. As a group, equities analysts expect that Warrior Met Coal will post 6.71 EPS for the current fiscal year.
Warrior Met Coal Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Warrior Met Coal’s dividend payout ratio is currently 7.69%.
Insiders Place Their Bets
In related news, CEO Walter Scheller sold 50,000 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $110.00, for a total value of $5,500,000.00. Following the completion of the transaction, the chief executive officer owned 267,793 shares of the company’s stock, valued at approximately $29,457,230. The trade was a 15.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen D. Williams sold 4,800 shares of the company’s 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 transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 104,800 shares of company stock worth $11,250,304. Corporate insiders own 2.10% of the company’s stock.
Hedge Funds Weigh In On Warrior Met Coal
Institutional investors and hedge funds have recently modified their holdings of the company. Systrade AG acquired a new position in Warrior Met Coal in the 3rd quarter valued at $1,747,000. O Keefe Stevens Advisory Inc. increased its stake in Warrior Met Coal by 1.0% in the third quarter. O Keefe Stevens Advisory Inc. now owns 293,482 shares of the company’s stock valued at $25,847,000 after purchasing an additional 2,913 shares during the last quarter. Hardin Capital Partners LLC lifted its position in Warrior Met Coal by 11.6% during the third quarter. Hardin Capital Partners LLC now owns 2,893 shares of the company’s stock worth $255,000 after buying an additional 300 shares during the period. GAMMA Investing LLC boosted its stake in Warrior Met Coal by 9.2% in the 3rd quarter. GAMMA Investing LLC now owns 2,795 shares of the company’s stock worth $246,000 after buying an additional 235 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in Warrior Met Coal by 11.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,715 shares of the company’s stock valued at $220,000 after buying an additional 272 shares during the period. Hedge funds and other institutional investors own 92.28% of the company’s stock.
Warrior Met Coal Company Profile
Warrior Met Coal, Inc (NYSE: HCC) is a U.S.-based producer and exporter of metallurgical coal, also known as coking coal. Its products are used primarily by global steelmakers in blast-furnace steel production, where metallurgical coal is converted into coke to support the conversion of iron ore into steel.
The company operates underground coal mines and related processing and transportation facilities in the Brookwood coal mine area of central Alabama. Warrior Met Coal’s product portfolio is focused on premium high-volatility metallurgical coal, which it sells to customers in domestic and international steel markets.
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