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

Principal Financial Group Inc. increased its stake in Warrior Met Coal, Inc. (NYSE:HCC) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 311,937 shares of the company’s stock after acquiring an additional 13,629 shares during the period. Principal Financial Group Inc. owned approximately 0.60% of Warrior Met Coal worth $16,919,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. State Street Corp lifted its holdings in Warrior Met Coal by 4.9% in the 3rd quarter. State Street Corp now owns 3,404,237 shares of the company’s stock valued at $217,531,000 after acquiring an additional 158,722 shares during the last quarter. FMR LLC raised its holdings in shares of Warrior Met Coal by 8.6% in the 3rd quarter. FMR LLC now owns 3,210,531 shares of the company’s stock worth $205,153,000 after purchasing an additional 254,540 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its stake in Warrior Met Coal by 193.9% during the third quarter. Maple Rock Capital Partners Inc. now owns 1,460,992 shares of the company’s stock valued at $93,357,000 after purchasing an additional 963,892 shares during the last quarter. Geode Capital Management LLC boosted its holdings 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 worth $77,232,000 after buying an additional 13,650 shares in the last quarter. Finally, River Road Asset Management LLC grew its position in Warrior Met Coal by 22.9% in the third quarter. River Road Asset Management LLC now owns 870,357 shares of the company’s stock worth $55,616,000 after buying an additional 162,387 shares during the last quarter. Institutional investors and hedge funds own 92.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on HCC shares. B. Riley cut their price objective on Warrior Met Coal from $90.00 to $86.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Jefferies Financial Group reduced their target price on Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, Benchmark reissued a “hold” rating on shares of Warrior Met Coal in a research note on Friday, February 14th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Warrior Met Coal has a consensus rating of “Moderate Buy” and a consensus price target of $74.00.

Warrior Met Coal Price Performance

HCC opened at $51.12 on Wednesday. The firm has a market capitalization of $2.69 billion, a P/E ratio of 10.67 and a beta of 1.07. The stock has a fifty day moving average of $53.24 and a 200-day moving average of $59.16. The company has a quick ratio of 3.99, a current ratio of 5.20 and a debt-to-equity ratio of 0.09. Warrior Met Coal, Inc. has a 12-month low of $45.94 and a 12-month high of $75.53.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.34). Warrior Met Coal had a return on equity of 12.56% and a net margin of 16.43%. The business had revenue of $297.47 million during the quarter, compared to analysts’ expectations of $331.70 million. Equities analysts forecast that Warrior Met Coal, Inc. will post 4.86 EPS for the current fiscal year.

Warrior Met Coal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 24th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Monday, February 24th. Warrior Met Coal’s dividend payout ratio is currently 6.68%.

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.