Warrior Met Coal, Inc. (NYSE:HCC – Get Free Report) declared a quarterly dividend on Friday, July 26th, Wall Street Journal reports. Investors of record on Tuesday, August 6th will be paid a dividend of 0.08 per share on Tuesday, August 13th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Tuesday, August 6th.
Warrior Met Coal has increased its dividend payment by an average of 11.9% annually over the last three years. Warrior Met Coal has a dividend payout ratio of 4.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Warrior Met Coal to earn $7.95 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 4.0%.
Warrior Met Coal Price Performance
Shares of NYSE:HCC opened at $62.06 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 5.85 and a current ratio of 6.86. The firm has a fifty day moving average price of $67.45 and a 200 day moving average price of $63.84. Warrior Met Coal has a fifty-two week low of $38.01 and a fifty-two week high of $75.53. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 7.47 and a beta of 1.05.
Analysts Set New Price Targets
Several research firms have commented on HCC. Benchmark reiterated a “hold” rating on shares of Warrior Met Coal in a research report on Monday, July 1st. Citigroup upgraded shares of Warrior Met Coal from a “neutral” rating to a “buy” rating and increased their price objective for the company from $60.00 to $75.00 in a research report on Thursday, April 11th. B. Riley increased their price objective on shares of Warrior Met Coal from $91.00 to $92.00 and gave the company a “buy” rating in a research report on Friday. Finally, BMO Capital Markets increased their price objective on shares of Warrior Met Coal from $62.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, May 2nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $73.00.
Get Our Latest Stock Report on Warrior Met Coal
Insider Buying and Selling
In related news, insider Kelli K. Gant sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total value of $750,600.00. Following the transaction, the insider now owns 61,678 shares of the company’s stock, valued at approximately $4,629,550.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Warrior Met Coal news, insider Kelli K. Gant sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $75.06, for a total transaction of $750,600.00. Following the transaction, the insider now owns 61,678 shares of the company’s stock, valued at approximately $4,629,550.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Walter J. Scheller sold 23,148 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $75.15, for a total transaction of $1,739,572.20. Following the transaction, the chief executive officer now directly owns 340,485 shares in the company, valued at approximately $25,587,447.75. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.
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.
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