Principal Financial Group Inc. Boosts Stake in Warrior Met Coal, Inc. (NYSE:HCC)

Principal Financial Group Inc. increased its holdings in shares of Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 3.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 298,308 shares of the company's stock after buying an additional 10,787 shares during the period. Principal Financial Group Inc. owned about 0.57% of Warrior Met Coal worth $19,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HCC. GAMMA Investing LLC lifted its holdings in Warrior Met Coal by 38.6% in the 2nd quarter. GAMMA Investing LLC now owns 517 shares of the company's stock valued at $32,000 after purchasing an additional 144 shares in the last quarter. Blue Trust Inc. lifted its holdings in Warrior Met Coal by 48.5% in the 3rd quarter. Blue Trust Inc. now owns 551 shares of the company's stock valued at $35,000 after purchasing an additional 180 shares in the last quarter. EntryPoint Capital LLC purchased a new position in Warrior Met Coal in the 1st quarter valued at $54,000. Ausbil Investment Management Ltd purchased a new position in Warrior Met Coal in the 2nd quarter valued at $82,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Warrior Met Coal in the 1st quarter valued at $104,000. Hedge funds and other institutional investors own 92.28% of the company's stock.

Warrior Met Coal Trading Down 1.4 %

Warrior Met Coal stock traded down $0.94 during midday trading on Friday, reaching $65.53. 576,871 shares of the stock traded hands, compared to its average volume of 769,659. The company has a current ratio of 5.81, a quick ratio of 4.67 and a debt-to-equity ratio of 0.09. The firm has a market cap of $3.43 billion, a PE ratio of 9.05 and a beta of 1.02. The company has a 50-day simple moving average of $61.90 and a two-hundred day simple moving average of $63.78. Warrior Met Coal, Inc. has a 12-month low of $50.12 and a 12-month high of $75.53.

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

Warrior Met Coal Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, November 5th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Tuesday, November 5th. Warrior Met Coal's dividend payout ratio is currently 4.42%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on HCC shares. B. Riley raised their price objective on Warrior Met Coal from $89.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Benchmark restated a "hold" rating on shares of Warrior Met Coal in a research report on Monday, August 5th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Warrior Met Coal has a consensus 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.