Warrior Met Coal Plans Quarterly Dividend of $0.08 (NYSE:HCC)

Warrior Met Coal (NYSE:HCCGet Free Report) declared a quarterly dividend on Tuesday, July 28th. Stockholders of record on Monday, August 10th will be paid a dividend of 0.08 per share on Monday, August 17th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, August 10th.

Warrior Met Coal has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 1 years. Warrior Met Coal has a payout ratio of 7.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Warrior Met Coal to earn $9.55 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 3.4%.

Warrior Met Coal Stock Performance

NYSE HCC opened at $77.61 on Wednesday. The company has a fifty day moving average of $87.87 and a two-hundred day moving average of $88.92. Warrior Met Coal has a 1 year low of $49.07 and a 1 year high of $110.39. The company has a market capitalization of $4.10 billion, a PE ratio of 29.62 and a beta of 0.65. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.48 and a quick ratio of 2.42.

Warrior Met Coal (NYSE:HCCGet Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.04). The business had revenue of $458.59 million during the quarter, compared to analyst estimates of $467.57 million. Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.The business’s revenue for the quarter was up 52.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.16) EPS. As a group, analysts expect that Warrior Met Coal will post 6.89 earnings per share for the current year.

Insider Buying and Selling at Warrior Met Coal

In other news, insider Kelli K. Gant sold 20,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the sale, the insider owned 67,775 shares of the company’s stock, valued at $7,455,250. This trade represents a 22.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 2.10% of the stock is currently owned by company insiders.

Institutional Trading of Warrior Met Coal

Several large investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new stake in shares of Warrior Met Coal in the fourth quarter valued at about $31,000. Parallel Advisors LLC boosted its position in shares of Warrior Met Coal by 272.1% in the fourth quarter. Parallel Advisors LLC now owns 413 shares of the company’s stock valued at $36,000 after acquiring an additional 302 shares during the period. IFP Advisors Inc acquired a new stake in shares of Warrior Met Coal in the fourth quarter worth $37,000. EverSource Wealth Advisors LLC grew its stake in shares of Warrior Met Coal by 217.2% in the second quarter. EverSource Wealth Advisors LLC now owns 682 shares of the company’s stock worth $31,000 after acquiring an additional 467 shares during the last quarter. Finally, Bayforest Capital Ltd bought a new position in Warrior Met Coal during the fourth quarter worth $63,000. Institutional investors own 92.28% of the company’s stock.

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.

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Dividend History for Warrior Met Coal (NYSE:HCC)

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