B. Riley Trims Warrior Met Coal (NYSE:HCC) Target Price to $90.00

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

Separately, Benchmark reaffirmed a hold rating on shares of Warrior Met Coal in a research report on Monday, August 5th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $72.60.

Warrior Met Coal Stock 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 stock has a market cap of $2.72 billion, a P/E ratio of 6.26 and a beta of 1.02. The business has a fifty day moving average of $63.80 and a two-hundred day moving average of $63.21. The company has a quick ratio of 5.37, a current ratio of 6.37 and a debt-to-equity ratio of 0.09.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Thursday, August 1st. The company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.03. Warrior Met Coal had a net margin of 25.01% and a return on equity of 22.71%. The firm had revenue of $396.52 million during the quarter, compared to analyst estimates of $387.91 million. During the same quarter in the prior year, the firm posted $1.63 earnings per share. Warrior Met Coal’s quarterly revenue was up 4.4% on a year-over-year basis. On average, research analysts expect that Warrior Met Coal will post 6.87 earnings per share for the current year.

Warrior Met Coal Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.62%. The ex-dividend date was Tuesday, August 6th. Warrior Met Coal’s dividend payout ratio (DPR) is presently 3.85%.

Insider Buying and Selling at Warrior Met Coal

In other news, insider Kelli K. Gant sold 10,000 shares of the company’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 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 SEC, which is accessible through this hyperlink. In other news, insider Kelli K. Gant sold 10,000 shares of Warrior Met Coal stock in a transaction 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 completion of the sale, the insider now directly 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 Securities & Exchange Commission, which is available at this link. Also, CEO Walter J. Scheller sold 23,148 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $75.15, for a total value of $1,739,572.20. Following the completion of the sale, the chief executive officer now owns 340,485 shares in the company, valued at approximately $25,587,447.75. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Allianz Asset Management GmbH increased its stake in Warrior Met Coal by 9.7% during the 4th quarter. Allianz Asset Management GmbH now owns 729,620 shares of the company’s stock worth $44,485,000 after buying an additional 64,672 shares during the period. Forest Avenue Capital Management LP purchased a new stake in shares of Warrior Met Coal during the fourth quarter worth $6,725,000. Wellington Management Group LLP raised its stake in shares of Warrior Met Coal by 7.1% in the fourth quarter. Wellington Management Group LLP now owns 90,211 shares of the company’s stock valued at $5,500,000 after acquiring an additional 6,015 shares in the last quarter. UniSuper Management Pty Ltd purchased a new position in Warrior Met Coal in the first quarter valued at $604,000. Finally, US Bancorp DE boosted its holdings in Warrior Met Coal by 4,886.7% in the fourth quarter. US Bancorp DE now owns 16,157 shares of the company’s stock valued at $985,000 after purchasing an additional 15,833 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 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.