Warrior Met Coal (NYSE:HCC) Price Target Lowered to $90.00 at B. Riley

Warrior Met Coal (NYSE:HCC - Free Report) had its price target trimmed by B. Riley from $92.00 to $90.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

Separately, Benchmark restated a hold rating on shares of Warrior Met Coal in a research report on Monday, August 5th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Warrior Met Coal currently has an average rating of Moderate Buy and a consensus target price of $72.60.

Warrior Met Coal Trading Down 2.1 %

Shares of Warrior Met Coal stock traded down $1.11 on Friday, hitting $52.60. 1,019,848 shares of the company's stock traded hands, compared to its average volume of 772,147. The firm's 50-day moving average price is $64.43 and its two-hundred day moving average price is $63.19. The stock has a market capitalization of $2.75 billion, a PE ratio of 6.26 and a beta of 1.05. Warrior Met Coal has a one year low of $41.19 and a one year high of $75.53. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.37 and a quick ratio of 5.37.

Warrior Met Coal (NYSE:HCC - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.32 by $0.03. The company had revenue of $396.52 million during the quarter, compared to analysts' expectations of $387.91 million. Warrior Met Coal had a net margin of 25.01% and a return on equity of 22.71%. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.63 EPS. On average, research analysts expect that Warrior Met Coal will post 6.87 EPS for the current fiscal year.

Warrior Met Coal Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend was Tuesday, August 6th. Warrior Met Coal's dividend payout ratio (DPR) is presently 3.85%.

Insiders Place Their Bets

In other Warrior Met Coal news, CEO Walter J. Scheller sold 23,148 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $75.15, for a total transaction of $1,739,572.20. Following the completion of the transaction, the chief executive officer now owns 340,485 shares in the company, valued at approximately $25,587,447.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Warrior Met Coal news, insider Kelli K. Gant sold 10,000 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $75.06, for a total transaction of $750,600.00. Following the completion of the transaction, the insider now owns 61,678 shares in the company, valued at approximately $4,629,550.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Walter J. Scheller sold 23,148 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $75.15, for a total value of $1,739,572.20. Following the transaction, the chief executive officer now owns 340,485 shares of the company's stock, valued at approximately $25,587,447.75. The disclosure for this sale can be found here. Corporate insiders own 1.00% of the company's stock.

Hedge Funds Weigh In On Warrior Met Coal

A number of large investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its stake in shares of Warrior Met Coal by 38.6% during the 2nd quarter. GAMMA Investing LLC now owns 517 shares of the company's stock worth $32,000 after buying an additional 144 shares during the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Warrior Met Coal by 1.2% during the 2nd quarter. SummerHaven Investment Management LLC now owns 19,319 shares of the company's stock worth $1,213,000 after buying an additional 231 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in shares of Warrior Met Coal by 6.3% during the 2nd quarter. Evergreen Capital Management LLC now owns 3,903 shares of the company's stock worth $245,000 after buying an additional 231 shares during the last quarter. Sei Investments Co. lifted its stake in Warrior Met Coal by 1.2% in the 1st quarter. Sei Investments Co. now owns 23,202 shares of the company's stock valued at $1,408,000 after purchasing an additional 277 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in Warrior Met Coal by 4.5% in the 2nd quarter. QRG Capital Management Inc. now owns 6,397 shares of the company's stock valued at $402,000 after purchasing an additional 277 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors and hedge funds.

About Warrior Met Coal

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.