Warrior Met Coal (NYSE:HCC) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Warrior Met Coal (NYSE:HCC) from a buy rating to a hold rating in a report released on Sunday,Wall Street Zen reports.

Other analysts also recently issued reports about the company. Weiss Ratings raised Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Zacks Research lowered shares of Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a report on Friday, August 7th. B. Riley Financial decreased their target price on shares of Warrior Met Coal from $123.00 to $122.00 and set a “buy” rating on the stock in a research report on Monday, October 26th. Royal Bank Of Canada upped their target price on shares of Warrior Met Coal from $90.00 to $110.00 and gave the company a “sector perform” rating in a research report on Wednesday, September 16th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Warrior Met Coal in a research note on Thursday, October 29th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $109.80.

Warrior Met Coal Trading Down 0.4%

Shares of Warrior Met Coal stock opened at $85.55 on Friday. The stock has a 50 day moving average of $90.63 and a 200 day moving average of $89.64. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.30 and a current ratio of 4.20. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 19.49 and a beta of 0.75. Warrior Met Coal has a fifty-two week low of $71.79 and a fifty-two week high of $111.42.

Warrior Met Coal (NYSE:HCC) last posted its earnings results on Wednesday, November 4th. The company reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.62). Warrior Met Coal had a net margin of 12.47% and a return on equity of 10.34%. The business had revenue of $507.93 million during the quarter, compared to analysts’ expectations of $505.84 million. During the same quarter in the prior year, the firm earned $0.70 EPS. Warrior Met Coal’s revenue for the quarter was up 54.6% compared to the same quarter last year. As a group, research analysts predict that Warrior Met Coal will post 5.41 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, November 6th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, November 6th. Warrior Met Coal’s payout ratio is currently 7.29%.

Insider Activity

In related news, Director Stephen D. Williams sold 4,800 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $104.23, for a total transaction of $500,304.00. Following the completion of the transaction, the director directly owned 30,303 shares in the company, valued at $3,158,481.69. This trade represents a 13.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Walter Scheller sold 50,000 shares of Warrior Met Coal stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $105.00, for a total value of $5,250,000.00. Following the completion of the transaction, the chief executive officer directly owned 317,793 shares of the company’s stock, valued at approximately $33,368,265. This represents a 13.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 104,800 shares of company stock worth $11,250,304. 2.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in Warrior Met Coal during the 2nd quarter worth approximately $606,503,000. Boston Partners boosted its position in Warrior Met Coal by 23.6% in the 3rd quarter. Boston Partners now owns 1,524,719 shares of the company’s stock valued at $134,438,000 after buying an additional 291,379 shares during the period. Renaissance Technologies LLC grew its stake in shares of Warrior Met Coal by 22.6% in the first quarter. Renaissance Technologies LLC now owns 810,781 shares of the company’s stock worth $75,524,000 after acquiring an additional 149,600 shares in the last quarter. Goehring & Rozencwajg Associates LLC acquired a new position in shares of Warrior Met Coal in the first quarter worth $55,714,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Warrior Met Coal in the second quarter worth $31,201,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Company Profile

Warrior Met Coal, Inc. is a U.S.-based producer and exporter of premium metallurgical coal, a key ingredient in steelmaking. The company operates underground coal mines in Alabama’s Blue Creek coal seam and sells its products to steel producers in international markets. Warrior’s operations are located in the state’s Black Warrior River Basin, with coal transported for export through the Port of Mobile. The company was formed in 2016 from assets that had been part of Walter Energy.