August 12, 2024 - Shares of Warrior Met Coal, Inc. have been given an average recommendation of "Moderate Buy" by the six research firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $73.00. 

Several equities analysts have weighed in on HCC shares. B. Riley raised their target price 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. Benchmark reiterated a "hold" rating on shares of Warrior Met Coal in a report on Monday, August 5th. Finally, BMO Capital Markets lifted 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 report on Thursday, May 2nd. 

Insider Activity at Warrior Met Coal

In related news, insider Kelli K. Gant sold 10,000 shares of the business's 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 completion of the sale, the insider now directly owns 61,678 shares in the company, valued at $4,629,550.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Kelli K. Gant sold 10,000 shares of the business's 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 completion of the sale, the insider now directly owns 61,678 shares in the company, valued at $4,629,550.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Walter J. Scheller sold 23,148 shares of the business's stock in a transaction that occurred on 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 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 disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HCC. USA Financial Formulas acquired a new position in Warrior Met Coal during the fourth quarter valued at approximately $25,000. GAMMA Investing LLC lifted its position in Warrior Met Coal by 38.6% during the second quarter. GAMMA Investing LLC now owns 517 shares of the company's stock valued at $32,000 after buying an additional 144 shares in the last quarter. SYSTM Wealth Solutions LLC acquired a new position in Warrior Met Coal during the first quarter valued at approximately $39,000. EntryPoint Capital LLC acquired a new position in shares of Warrior Met Coal during the first quarter worth $54,000. Finally, Quadrant Capital Group LLC lifted its position in shares of Warrior Met Coal by 79.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company's stock worth $61,000 after purchasing an additional 442 shares in the last quarter. 92.28% of the stock is owned by institutional investors and hedge funds.

Warrior Met Coal Price Performance

NYSE:HCC traded up $0.63 during mid-day trading on Friday, hitting $61.49. 562,268 shares of the company's stock traded hands, compared to its average volume of 781,886. The company has a debt-to-equity ratio of 0.10, a quick ratio of 5.85 and a current ratio of 6.86. The firm's 50 day simple moving average is $66.85 and its 200 day simple moving average is $63.60. Warrior Met Coal has a 1 year low of $38.14 and a 1 year high of $75.53. The company has a market cap of $3.22 billion, a PE ratio of 7.40 and a beta of 1.05.

Warrior Met Coal last posted its 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 net margin of 25.01% and a return on equity of 23.27%. The firm had revenue of $396.52 million during the quarter, compared to the consensus estimate of $387.91 million. During the same period 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. Sell-side analysts expect that Warrior Met Coal will post 7.36 EPS for the current year.

Warrior Met Coal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th will be issued a dividend of $0.08 per share. The ex-dividend date is Tuesday, August 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.52%. Warrior Met Coal's dividend payout ratio (DPR) is presently 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.