Principal Financial Group Inc. Purchases 10,787 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Principal Financial Group Inc. raised its position in Warrior Met Coal, Inc. (NYSE:HCC) by 3.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 298,308 shares of the company’s stock after acquiring an additional 10,787 shares during the period. Principal Financial Group Inc.’s holdings in Warrior Met Coal were worth $19,062,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HCC. Franklin Resources Inc. lifted its position in Warrior Met Coal by 3.6% in 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 bought a new position in shares of Warrior Met Coal during the 3rd quarter worth about $1,858,000. Sanctuary Advisors LLC boosted its position in shares of Warrior Met Coal by 12.1% during the 3rd 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 in the last quarter. Neo Ivy Capital Management bought a new stake in Warrior Met Coal in the third quarter valued at about $966,000. Finally, Geode Capital Management LLC raised its position in Warrior Met Coal by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,208,405 shares of the company’s stock worth $77,232,000 after purchasing an additional 13,650 shares in the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

Warrior Met Coal Price Performance

NYSE:HCC opened at $54.12 on Friday. The firm has a market cap of $2.83 billion, a PE ratio of 7.48 and a beta of 1.03. The company’s 50-day moving average price is $64.59 and its two-hundred day moving average price is $63.36. The company has a quick ratio of 4.67, a current ratio of 5.81 and a debt-to-equity ratio of 0.09. 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) last released its quarterly 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 business had revenue of $327.72 million for the quarter, compared to analyst estimates of $322.21 million. During the same period in the prior year, the company earned $1.85 EPS. Warrior Met Coal’s revenue for the quarter was down 22.6% on a year-over-year basis. On average, equities analysts anticipate that Warrior Met Coal, Inc. will post 5.62 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 12th. Shareholders 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 yield of 0.59%. The ex-dividend date was Tuesday, November 5th. Warrior Met Coal’s dividend payout ratio is currently 4.42%.

Wall Street Analysts Forecast Growth

Separately, B. Riley increased their target price 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $75.75.

Warrior Met Coal 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.