Wall Street Zen upgraded shares of Warrior Met Coal (NYSE:HCC – Free Report) from a hold rating to a buy rating in a research report sent to investors on Saturday.
A number of other research firms have also issued reports on HCC. Citigroup reiterated a “buy” rating on shares of Warrior Met Coal in a report on Wednesday, June 10th. B. Riley Financial boosted their price target on shares of Warrior Met Coal from $117.00 to $123.00 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. UBS Group cut their price objective on Warrior Met Coal from $100.00 to $98.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Weiss Ratings cut Warrior Met Coal from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 30th. Finally, Zacks Research upgraded Warrior Met Coal from a “strong sell” rating to a “strong-buy” rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Warrior Met Coal has a consensus rating of “Moderate Buy” and an average target price of $102.60.
Check Out Our Latest Report on HCC
Warrior Met Coal Stock Up 3.7%
Warrior Met Coal (NYSE:HCC – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.40 by $0.25. The business had revenue of $509.69 million during the quarter, compared to analyst estimates of $488.46 million. Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The business’s revenue for the quarter was up 71.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.11 earnings per share. Analysts predict that Warrior Met Coal will post 5.74 EPS for the current year.
Warrior Met Coal Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 10th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $0.32 annualized dividend and a yield of 0.3%. Warrior Met Coal’s dividend payout ratio (DPR) is 7.69%.
Insiders Place Their Bets
In related news, insider Kelli K. Gant sold 20,000 shares of Warrior Met Coal stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $110.00, for a total value of $2,200,000.00. Following the completion of the transaction, the insider owned 67,775 shares in the company, valued at $7,455,250. The trade was a 22.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Warrior Met Coal
Hedge funds and other institutional investors have recently modified their holdings of the company. Great Lakes Advisors LLC acquired a new position in shares of Warrior Met Coal during the second quarter worth $3,646,000. Foster & Motley Inc. purchased a new position in Warrior Met Coal in the second quarter valued at $829,000. Meeder Asset Management Inc. acquired a new stake in Warrior Met Coal in the second quarter valued at $37,000. BlackRock Inc. acquired a new stake in Warrior Met Coal in the second quarter valued at $606,503,000. Finally, Deutsche Bank AG purchased a new stake in Warrior Met Coal during the 2nd quarter worth about $10,641,000. 92.28% of the stock is currently owned by institutional investors and hedge funds.
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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