Kelli K. Gant Sells 10,000 Shares of Warrior Met Coal, Inc. (NYSE:HCC) Stock

Warrior Met Coal, Inc. (NYSE:HCC) 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 transaction, the insider now owns 61,678 shares of the company’s stock, valued at $4,629,550.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Warrior Met Coal Trading Down 2.0 %

Warrior Met Coal stock opened at $67.29 on Thursday. The stock has a market cap of $3.52 billion, a P/E ratio of 8.10 and a beta of 1.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.86 and a quick ratio of 5.85. Warrior Met Coal, Inc. has a 1 year low of $37.28 and a 1 year high of $75.53. The firm’s 50 day moving average price is $66.23 and its 200-day moving average price is $63.14.

Warrior Met Coal (NYSE:HCC) last released its quarterly earnings data on Wednesday, May 1st. The company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.61. The firm had revenue of $503.50 million for the quarter, compared to analysts’ expectations of $474.99 million. Warrior Met Coal had a net margin of 25.94% and a return on equity of 24.71%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.57 earnings per share. On average, equities analysts predict that Warrior Met Coal, Inc. will post 6.98 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Monday, May 6th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.48%. The ex-dividend date was Friday, May 3rd. Warrior Met Coal’s payout ratio is currently 3.85%.

Institutional Investors Weigh In On Warrior Met Coal

Institutional investors and hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. bought a new stake in Warrior Met Coal in the fourth quarter worth $44,388,000. Clearbridge Investments LLC bought a new stake in Warrior Met Coal in the first quarter worth $9,234,000. Jupiter Asset Management Ltd. bought a new stake in Warrior Met Coal in the first quarter worth $7,021,000. Forest Avenue Capital Management LP bought a new stake in Warrior Met Coal in the fourth quarter worth $6,725,000. Finally, American Century Companies Inc. increased its position in Warrior Met Coal by 10.7% in the third quarter. American Century Companies Inc. now owns 961,388 shares of the company’s stock worth $49,108,000 after purchasing an additional 92,941 shares during the last quarter. Institutional investors own 92.28% of the company’s stock.

Analysts Set New Price Targets

HCC has been the topic of several analyst reports. BMO Capital Markets lifted their price target on shares of Warrior Met Coal from $62.00 to $70.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Citigroup raised shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and lifted their price target for the company from $60.00 to $75.00 in a report on Thursday, April 11th. Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a report on Monday, July 1st. Finally, B. Riley lifted their price target on shares of Warrior Met Coal from $87.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $72.80.

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.