Warrior Met Coal, Inc. (NYSE:HCC) Stake Raised by Principal Financial Group Inc.

Principal Financial Group Inc. increased its holdings in Warrior Met Coal, Inc. (NYSE:HCC) by 3.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 298,308 shares of the company’s stock after purchasing an additional 10,787 shares during the quarter. Principal Financial Group Inc.’s holdings in Warrior Met Coal were worth $19,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in HCC. GAMMA Investing LLC boosted its position in 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 acquiring an additional 144 shares during the period. Blue Trust Inc. lifted its holdings in Warrior Met Coal by 48.5% in the third quarter. Blue Trust Inc. now owns 551 shares of the company’s stock worth $35,000 after purchasing an additional 180 shares during the period. EntryPoint Capital LLC bought a new position in Warrior Met Coal in the 1st quarter valued at about $54,000. Ausbil Investment Management Ltd acquired a new position in Warrior Met Coal during the 2nd quarter valued at about $82,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Warrior Met Coal during the 1st quarter worth about $104,000. 92.28% of the stock is currently owned by institutional investors and hedge funds.

Warrior Met Coal Stock Up 1.4 %

NYSE HCC opened at $66.49 on Friday. Warrior Met Coal, Inc. has a 12 month low of $49.23 and a 12 month high of $75.53. The company has a market capitalization of $3.48 billion, a P/E ratio of 9.18 and a beta of 1.02. The company’s 50 day simple moving average is $61.64 and its 200 day simple moving average is $63.82. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.81 and a quick ratio of 4.67.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.40. Warrior Met Coal had a return on equity of 19.00% and a net margin of 23.77%. The company had revenue of $327.72 million for the quarter, compared to analysts’ expectations of $322.21 million. During the same quarter in the prior year, the company earned $1.85 earnings per share. The firm’s revenue was down 22.6% on a year-over-year basis. Equities research analysts expect that Warrior Met Coal, Inc. will post 5.62 earnings per share for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.48%. The ex-dividend date was Tuesday, November 5th. Warrior Met Coal’s dividend payout ratio is 4.42%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HCC. B. Riley increased their price objective on shares of Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Benchmark reiterated 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 two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $75.75.

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.