Warrior Met Coal (NYSE:HCC) Price Target Cut to $90.00

Warrior Met Coal (NYSE:HCC) had its price target reduced by B. Riley from $92.00 to $90.00 in a research note released on Friday, Benzinga reports. They currently have a buy rating on the stock.

Separately, Benchmark reiterated a hold rating on shares of Warrior Met Coal in a research note on Monday, August 5th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Warrior Met Coal has a consensus rating of Moderate Buy and a consensus target price of $72.60.

Warrior Met Coal Trading Down 1.2 %

Shares of NYSE:HCC opened at $51.99 on Friday. Warrior Met Coal has a 52 week low of $42.51 and a 52 week high of $75.53. The company’s 50 day moving average is $63.80 and its two-hundred day moving average is $63.21. The company has a market cap of $2.72 billion, a PE ratio of 6.26 and a beta of 1.02. The company has a current ratio of 6.37, a quick ratio of 5.37 and a debt-to-equity ratio of 0.09.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Thursday, August 1st. The company reported $1.35 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $396.52 million during the quarter, compared to analysts’ expectations of $387.91 million. During the same quarter in the previous year, the business earned $1.63 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. Equities analysts predict that Warrior Met Coal will post 6.87 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Tuesday, August 6th. Warrior Met Coal’s payout ratio is currently 3.85%.

Insider Activity

In related news, insider Kelli K. Gant sold 10,000 shares of the stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total transaction of $750,600.00. Following the completion of the sale, 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. In other Warrior Met Coal news, insider Kelli K. Gant sold 10,000 shares of Warrior Met Coal stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $75.06, for a total value of $750,600.00. Following the transaction, the insider now directly owns 61,678 shares in the company, valued at approximately $4,629,550.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $1,739,572.20. Following the sale, the chief executive officer now owns 340,485 shares of the company’s stock, valued at approximately $25,587,447.75. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HCC. USA Financial Formulas purchased a new position in shares of Warrior Met Coal during the 4th quarter worth approximately $25,000. GAMMA Investing LLC raised its position in Warrior Met Coal by 38.6% in the second quarter. GAMMA Investing LLC now owns 517 shares of the company’s stock worth $32,000 after acquiring an additional 144 shares in the last quarter. SYSTM Wealth Solutions LLC acquired a new stake in Warrior Met Coal in the first quarter valued at $39,000. EntryPoint Capital LLC purchased a new stake in shares of Warrior Met Coal during the 1st quarter worth $54,000. Finally, Quadrant Capital Group LLC grew its stake in shares of Warrior Met Coal by 79.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock worth $61,000 after purchasing an additional 442 shares during the period. 92.28% of the stock is owned by hedge funds and other institutional investors.

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.