Shares of Warrior Met Coal (NYSE:HCC – Get Free Report) have received an average rating of “Hold” from the seven research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $102.80.
A number of equities research analysts recently weighed in on the stock. Citigroup raised their target price on shares of Warrior Met Coal from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Jefferies Financial Group increased their price target on shares of Warrior Met Coal from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. UBS Group decreased their price target on shares of Warrior Met Coal from $104.00 to $102.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Wall Street Zen raised shares of Warrior Met Coal from a “hold” rating to a “buy” rating in a report on Sunday, February 15th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Warrior Met Coal in a report on Friday, February 13th.
Read Our Latest Stock Analysis on HCC
Warrior Met Coal Price Performance
Warrior Met Coal (NYSE:HCC – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The business had revenue of $458.59 million for the quarter, compared to the consensus estimate of $467.57 million. Warrior Met Coal had a net margin of 9.36% and a return on equity of 6.44%. The business’s revenue was up 52.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.16) EPS. As a group, equities analysts anticipate that Warrior Met Coal will post 6.78 EPS for the current fiscal year.
Warrior Met Coal Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 7th. Stockholders of record on Friday, May 1st were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, May 1st. Warrior Met Coal’s payout ratio is currently 12.21%.
Institutional Trading of Warrior Met Coal
Hedge funds have recently made changes to their positions in the stock. Allianz Asset Management GmbH lifted its holdings in shares of Warrior Met Coal by 9.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,543,673 shares of the company’s stock worth $98,239,000 after acquiring an additional 130,396 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Warrior Met Coal by 7.3% during the third quarter. Victory Capital Management Inc. now owns 818,593 shares of the company’s stock worth $52,095,000 after acquiring an additional 55,416 shares in the last quarter. QV Investors Inc. purchased a new position in shares of Warrior Met Coal during the third quarter worth approximately $10,549,000. Capital International Investors raised its stake in shares of Warrior Met Coal by 27.1% during the third quarter. Capital International Investors now owns 852,403 shares of the company’s stock worth $54,247,000 after acquiring an additional 181,975 shares in the last quarter. Finally, Affinity Wealth Management LLC purchased a new position in shares of Warrior Met Coal during the third quarter worth approximately $2,167,000. 92.28% of the stock is owned by institutional investors.
About Warrior Met Coal
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.
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