Insider Selling: Warrior Met Coal (NYSE:HCC) CEO Sells $5,500,000.00 in Stock

Warrior Met Coal (NYSE:HCCGet Free Report) CEO Walter Scheller sold 50,000 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $110.00, for a total transaction of $5,500,000.00. Following the completion of the sale, the chief executive officer owned 267,793 shares of the company’s stock, valued at $29,457,230. This trade represents a 15.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Warrior Met Coal Stock Performance

Shares of Warrior Met Coal stock traded down $1.58 on Wednesday, reaching $103.70. 243,093 shares of the stock were exchanged, compared to its average volume of 851,274. Warrior Met Coal has a 1-year low of $54.66 and a 1-year high of $111.20. The company has a current ratio of 3.93, a quick ratio of 2.79 and a debt-to-equity ratio of 0.10. The business has a fifty day moving average price of $86.82 and a two-hundred day moving average price of $88.63. The firm has a market capitalization of $5.48 billion, a PE ratio of 24.92 and a beta of 0.65.

Warrior Met Coal (NYSE:HCCGet Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.25. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The firm had revenue of $509.69 million during the quarter, compared to the consensus estimate of $488.46 million. During the same quarter last year, the firm earned $0.11 earnings per share. The firm’s revenue was up 71.3% compared to the same quarter last year. As a group, research analysts anticipate that Warrior Met Coal will post 5.74 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Monday, August 10th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Monday, August 10th. Warrior Met Coal’s dividend payout ratio (DPR) is currently 7.69%.

Analysts Set New Price Targets

A number of analysts recently commented on HCC shares. Weiss Ratings raised shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Wall Street Zen upgraded shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Zacks Research lowered Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 7th. Citigroup restated a “buy” rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. Finally, B. Riley Financial raised their price objective on Warrior Met Coal from $117.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $102.60.

Get Our Latest Stock Analysis on HCC

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its holdings in Warrior Met Coal by 2,821,294.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 987,488 shares of the company’s stock valued at $87,067,000 after purchasing an additional 987,453 shares in the last quarter. M&T Bank Corp purchased a new stake in shares of Warrior Met Coal during the fourth quarter worth about $3,045,000. Ashoka WhiteOak Capital Pte Ltd purchased a new stake in shares of Warrior Met Coal during the second quarter worth about $11,394,000. Deutsche Bank AG acquired a new position in shares of Warrior Met Coal in the second quarter valued at approximately $10,641,000. Finally, Geode Capital Management LLC raised its position in shares of Warrior Met Coal by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 1,280,332 shares of the company’s stock valued at $112,912,000 after buying an additional 37,057 shares during the last quarter. 92.28% of the stock is owned by hedge funds and other institutional investors.

Warrior Met Coal Company Profile

(Get Free Report)

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.

Further Reading

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