UWM Holdings Co. (NYSE:UWMC) Receives $7.25 Consensus PT from Analysts

UWM Holdings Co. (NYSE:UWMC) has been given an average rating of “Hold” by the seven brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $7.25.

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods upgraded UWM from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $6.50 to $7.50 in a research report on Monday, March 3rd. Morgan Stanley lowered their target price on UWM from $7.50 to $6.50 and set an “equal weight” rating on the stock in a report on Thursday, December 19th. Finally, Wedbush reissued a “neutral” rating and issued a $6.50 price target on shares of UWM in a report on Monday, March 3rd.

UWM Stock Performance

Shares of UWMC opened at $5.63 on Thursday. The firm has a market capitalization of $8.99 billion, a PE ratio of -24.46 and a beta of 1.64. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.06. The firm has a 50-day moving average price of $6.16 and a 200 day moving average price of $6.53. UWM has a 52-week low of $5.31 and a 52-week high of $9.74.

UWM (NYSE:UWMC) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06). The firm had revenue of $560.21 million for the quarter, compared to analyst estimates of $645.75 million. On average, sell-side analysts anticipate that UWM will post 0.2 earnings per share for the current fiscal year.

UWM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be given a $0.10 dividend. The ex-dividend date is Thursday, March 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.11%. UWM’s dividend payout ratio (DPR) is 500.00%.

Institutional Investors Weigh In On UWM

A number of large investors have recently made changes to their positions in UWMC. Point72 Asset Management L.P. purchased a new position in UWM during the 3rd quarter valued at about $1,065,000. Geode Capital Management LLC boosted its position in shares of UWM by 2.7% in the third quarter. Geode Capital Management LLC now owns 1,546,818 shares of the company’s stock valued at $13,183,000 after acquiring an additional 41,206 shares during the period. Verition Fund Management LLC grew its position in UWM by 446.3% in the 3rd quarter. Verition Fund Management LLC now owns 159,666 shares of the company’s stock worth $1,360,000 after purchasing an additional 130,439 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in UWM during the third quarter worth about $680,000. Finally, Tidal Investments LLC acquired a new stake in shares of UWM during the 3rd quarter worth approximately $3,833,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

UWM Company Profile

UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company offers mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.