Vanguard Group Inc. Sells 240,844 Shares of Warrior Met Coal, Inc. (NYSE:HCC)

Vanguard Group Inc. trimmed its position in shares of Warrior Met Coal, Inc. (NYSE:HCC) by 3.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,542,146 shares of the company’s stock after selling 240,844 shares during the period. Vanguard Group Inc. owned 12.52% of Warrior Met Coal worth $398,875,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. USA Financial Formulas bought a new position in Warrior Met Coal in the 4th quarter worth approximately $25,000. McGlone Suttner Wealth Management Inc. bought a new stake in Warrior Met Coal in the 4th quarter valued at $38,000. Quadrant Capital Group LLC increased its holdings in Warrior Met Coal by 79.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,000 shares of the company’s stock valued at $61,000 after acquiring an additional 442 shares during the last quarter. Aigen Investment Management LP purchased a new stake in Warrior Met Coal in the 4th quarter worth $202,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of Warrior Met Coal during the 4th quarter valued at about $231,000. Hedge funds and other institutional investors own 92.28% of the company’s stock.

Warrior Met Coal Price Performance

Shares of Warrior Met Coal stock opened at $61.46 on Friday. The stock has a 50 day moving average price of $65.82 and a 200-day moving average price of $62.36. Warrior Met Coal, Inc. has a one year low of $37.15 and a one year high of $73.08. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 7.40 and a beta of 1.05. The company has a debt-to-equity ratio of 0.10, a quick ratio of 5.85 and a current ratio of 6.86.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $2.63 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.61. The business had revenue of $503.50 million for the quarter, compared to analysts’ expectations of $474.99 million. Warrior Met Coal had a net margin of 25.94% and a return on equity of 24.71%. The business’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.57 earnings per share. Equities analysts expect that Warrior Met Coal, Inc. will post 6.98 EPS for the current year.

Warrior Met Coal Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 13th. Shareholders of record on Monday, May 6th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $0.32 annualized dividend and a dividend yield of 0.52%. Warrior Met Coal’s dividend payout ratio (DPR) is presently 3.85%.

Analysts Set New Price Targets

HCC has been the topic of a number of research analyst reports. BMO Capital Markets boosted their target price on Warrior Met Coal from $62.00 to $70.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Citigroup raised Warrior Met Coal from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $60.00 to $75.00 in a report on Thursday, April 11th. B. Riley raised their target price on shares of Warrior Met Coal from $87.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Finally, Benchmark reaffirmed a “hold” rating on shares of Warrior Met Coal in a research note on Thursday, May 2nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $72.80.

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.