Warrior Met Coal (NYSE:HCC – Get Free Report) declared a quarterly dividend on Tuesday, October 27th. Shareholders of record on Monday, November 9th will be given a dividend of $0.08 per share on Friday, November 20th. This represents a $0.32 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, November 9th.
Warrior Met Coal has raised its dividend payment by an average of 0.1% per year over the last three years and has raised 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. Analysts expect Warrior Met Coal to earn $9.47 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
HCC opened at $84.20 on Friday. The firm has a market cap of $4.45 billion, a P/E ratio of 19.18 and a beta of 0.75. The business’s fifty day moving average is $91.51 and its 200-day moving average is $89.78. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.79 and a current ratio of 3.93. Warrior Met Coal has a 52-week low of $71.79 and a 52-week high of $111.42.
Warrior Met Coal (NYSE:HCC – Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.55 by ($0.62). Warrior Met Coal had a net margin of 13.05% and a return on equity of 10.02%. The firm had revenue of $507.93 million for the quarter, compared to the consensus estimate of $505.84 million. During the same period in the previous year, the firm posted $0.70 earnings per share. The business’s revenue was up 54.6% compared to the same quarter last year. Sell-side analysts expect that Warrior Met Coal will post 6.97 EPS for the current fiscal year.
Insider Buying and Selling
In other news, Director Stephen Williams sold 4,800 shares of Warrior Met Coal stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $104.23, for a total value of $500,304.00. Following the transaction, the director owned 30,303 shares of the company’s stock, valued at $3,158,481.69. The trade was a 13.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Walter J. Scheller sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $105.00, for a total value of $5,250,000.00. Following the sale, the chief executive officer owned 317,793 shares of the company’s stock, valued at $33,368,265. This trade represents a 13.59% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 104,800 shares of company stock worth $11,250,304. 2.10% of the stock is owned by insiders.
Institutional Trading of Warrior Met Coal
Several institutional investors and hedge funds have recently made changes to their positions in HCC. CENTRAL TRUST Co raised its position in shares of Warrior Met Coal by 7.1% during the 3rd quarter. CENTRAL TRUST Co now owns 6,447 shares of the company’s stock worth $568,000 after acquiring an additional 425 shares in the last quarter. Maryland State Retirement & Pension System increased its position in shares of Warrior Met Coal by 52.5% during the third quarter. Maryland State Retirement & Pension System now owns 11,737 shares of the company’s stock worth $1,034,000 after acquiring an additional 4,039 shares in the last quarter. Illinois Municipal Retirement Fund boosted its holdings in Warrior Met Coal by 2.0% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 28,189 shares of the company’s stock valued at $2,483,000 after acquiring an additional 558 shares during the period. Parallel Advisors LLC lifted its stake in Warrior Met Coal by 186.5% in the 3rd quarter. Parallel Advisors LLC now owns 1,295 shares of the company’s stock worth $114,000 after purchasing an additional 843 shares in the last quarter. Finally, Alps Advisors Inc. purchased a new stake in shares of Warrior Met Coal during the third quarter valued at $535,000. 92.28% of the stock is currently owned by institutional investors.
About Warrior Met Coal
Warrior Met Coal, Inc is a mining company focused on the production and export of high-quality metallurgical coal, also known as met coal. Its products are used primarily by steelmakers in the blast-furnace steelmaking process, where metallurgical coal is converted into coke to support the production of iron and steel.
The company operates underground coal mines and related processing facilities in the Brookwood coal-producing region of Alabama. Warrior Met Coal primarily produces premium hard coking coal and sells its products to customers in international steel markets, serving regions that include Europe, Asia, and the Americas.
Warrior Met Coal was formed from the assets of Walter Energy after Walter Energy’s bankruptcy and began operating as an independent public company in 2016.
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