Warrior Met Coal, Inc. (NYSE:HCC) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in shares of Warrior Met Coal, Inc. (NYSE:HCC - Free Report) by 3.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 298,308 shares of the company's stock after acquiring an additional 10,787 shares during the period. Principal Financial Group Inc. owned 0.57% of Warrior Met Coal worth $19,062,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Franklin Resources Inc. raised its stake in Warrior Met Coal by 3.6% during the third quarter. Franklin Resources Inc. now owns 61,209 shares of the company's stock worth $3,966,000 after purchasing an additional 2,114 shares during the period. Tidal Investments LLC purchased a new position in shares of Warrior Met Coal in the 3rd quarter worth $1,858,000. Sanctuary Advisors LLC boosted its holdings in Warrior Met Coal by 12.1% in the third quarter. Sanctuary Advisors LLC now owns 10,524 shares of the company's stock valued at $740,000 after acquiring an additional 1,137 shares during the last quarter. Neo Ivy Capital Management acquired a new position in Warrior Met Coal in the third quarter valued at $966,000. Finally, Geode Capital Management LLC grew its position in Warrior Met Coal by 1.1% during the third quarter. Geode Capital Management LLC now owns 1,208,405 shares of the company's stock valued at $77,232,000 after acquiring an additional 13,650 shares during the period. 92.28% of the stock is owned by institutional investors and hedge funds.

Warrior Met Coal Trading Down 0.9 %

Shares of HCC stock traded down $0.49 during mid-day trading on Friday, reaching $53.63. The company's stock had a trading volume of 402,645 shares, compared to its average volume of 751,274. The company has a quick ratio of 4.67, a current ratio of 5.81 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $2.81 billion, a PE ratio of 7.41 and a beta of 1.03. The company's 50 day simple moving average is $64.41 and its 200-day simple moving average is $63.26. Warrior Met Coal, Inc. has a 12-month low of $50.60 and a 12-month high of $75.53.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.80 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 analyst estimates of $322.21 million. During the same period last year, the company posted $1.85 earnings per share. The firm's revenue was down 22.6% compared to the same quarter last year. On average, research analysts predict that Warrior Met Coal, Inc. will post 5.62 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, November 5th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend was Tuesday, November 5th. Warrior Met Coal's dividend payout ratio (DPR) is presently 4.42%.

Analyst Upgrades and Downgrades

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

Warrior Met Coal Company Profile

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.