State Street Corp Increases Stock Holdings in Warrior Met Coal, Inc. (NYSE:HCC)

State Street Corp increased its holdings in Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 4.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,404,237 shares of the company's stock after buying an additional 158,722 shares during the quarter. State Street Corp owned 6.51% of Warrior Met Coal worth $217,531,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in shares of Warrior Met Coal by 48.5% during the 3rd quarter. Blue Trust Inc. now owns 551 shares of the company's stock valued at $35,000 after acquiring an additional 180 shares during the period. Ausbil Investment Management Ltd bought a new stake in shares of Warrior Met Coal during the 2nd quarter valued at $82,000. KBC Group NV lifted its stake in shares of Warrior Met Coal by 29.7% during the 3rd quarter. KBC Group NV now owns 1,711 shares of the company's stock valued at $109,000 after buying an additional 392 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Warrior Met Coal by 34.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,313 shares of the company's stock worth $145,000 after buying an additional 599 shares during the period. Finally, Innealta Capital LLC purchased a new stake in Warrior Met Coal in the 2nd quarter worth $160,000. 92.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, B. Riley upped their price objective on Warrior Met Coal from $89.00 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $75.75.

Warrior Met Coal Stock Down 1.2 %

HCC traded down $0.79 on Thursday, hitting $62.87. The company had a trading volume of 230,875 shares, compared to its average volume of 754,947. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 8.79 and a beta of 1.03. The stock has a fifty day moving average price of $65.92 and a 200-day moving average price of $64.12. Warrior Met Coal, Inc. has a 12-month low of $50.60 and a 12-month high of $75.53. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.67 and a current ratio of 5.81.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.80 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $327.72 million during the quarter, compared to the consensus estimate of $322.21 million. During the same quarter in the previous year, the company posted $1.85 earnings per share. The company's revenue was down 22.6% compared to the same quarter last year. Analysts predict that Warrior Met Coal, Inc. will post 5.62 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Tuesday, November 5th. Warrior Met Coal's payout ratio is 4.42%.

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.