UWM Holdings Co. (NYSE:UWMC) Given Consensus Recommendation of “Hold” by Brokerages

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

UWMC has been the subject of several recent analyst reports. Wedbush reaffirmed a “neutral” rating and set a $6.50 price objective on shares of UWM in a research report on Monday, March 3rd. Keefe, Bruyette & Woods raised shares of UWM from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $6.50 to $7.50 in a report on Monday, March 3rd. Finally, Morgan Stanley decreased their price objective on shares of UWM from $7.50 to $6.50 and set an “equal weight” rating on the stock in a research note on Thursday, December 19th.

UWM Trading Down 2.9 %

Shares of UWMC stock opened at $5.46 on Thursday. The stock has a 50 day simple moving average of $6.15 and a 200 day simple moving average of $6.49. UWM has a 1 year low of $5.31 and a 1 year high of $9.74. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.06. The stock has a market cap of $8.72 billion, a P/E ratio of -23.72 and a beta of 1.64.

UWM (NYSE:UWMC) last released its earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The firm had revenue of $560.21 million during the quarter, compared to analysts’ expectations of $645.75 million. On average, research analysts predict that UWM will post 0.2 earnings per share for the current fiscal year.

UWM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.33%. UWM’s dividend payout ratio (DPR) is currently 500.00%.

Hedge Funds Weigh In On UWM

Institutional investors have recently added to or reduced their stakes in the stock. HB Wealth Management LLC boosted its position in UWM by 23.0% in the fourth quarter. HB Wealth Management LLC now owns 14,053 shares of the company’s stock valued at $82,000 after buying an additional 2,631 shares in the last quarter. Sherbrooke Park Advisers LLC lifted its stake in shares of UWM by 17.4% in the 4th quarter. Sherbrooke Park Advisers LLC now owns 20,038 shares of the company’s stock valued at $118,000 after acquiring an additional 2,975 shares during the last quarter. Mariner LLC boosted its holdings in shares of UWM by 5.1% during the 4th quarter. Mariner LLC now owns 64,455 shares of the company’s stock valued at $378,000 after acquiring an additional 3,126 shares in the last quarter. Victory Capital Management Inc. grew its position in UWM by 20.7% during the 4th quarter. Victory Capital Management Inc. now owns 20,330 shares of the company’s stock worth $119,000 after acquiring an additional 3,488 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in UWM by 13.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,477 shares of the company’s stock worth $174,000 after purchasing an additional 3,524 shares in the last quarter. 53.59% of the stock is currently owned by institutional investors and hedge funds.

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.