UWM Holdings Co. (NYSE:UWMC) Receives Average Rating of “Hold” from Brokerages

Shares of UWM Holdings Co. (NYSE:UWMC) have been assigned a consensus rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $7.39.

A number of research firms have weighed in on UWMC. Morgan Stanley dropped their price target on shares of UWM from $7.50 to $6.50 and set an “equal weight” rating for the company in a research report on Thursday, December 19th. Keefe, Bruyette & Woods dropped their target price on shares of UWM from $7.00 to $6.50 and set a “market perform” rating for the company in a report on Friday, January 3rd. Finally, The Goldman Sachs Group dropped their target price on shares of UWM from $8.50 to $7.50 and set a “neutral” rating for the company in a report on Thursday, November 14th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Townsquare Capital LLC bought a new position in shares of UWM during the 4th quarter valued at approximately $72,000. Sanctuary Advisors LLC bought a new position in shares of UWM during the 4th quarter valued at approximately $77,000. HB Wealth Management LLC boosted its position in shares of UWM by 23.0% during the 4th quarter. HB Wealth Management LLC now owns 14,053 shares of the company’s stock valued at $82,000 after acquiring an additional 2,631 shares during the last quarter. Sei Investments Co. purchased a new position in shares of UWM in the 4th quarter worth $82,000. Finally, Orion Portfolio Solutions LLC purchased a new position in shares of UWM in the 3rd quarter worth $85,000. Institutional investors own 53.59% of the company’s stock.

UWM Trading Up 3.3 %

Shares of UWMC stock opened at $6.28 on Friday. The firm has a fifty day moving average price of $6.07 and a 200-day moving average price of $6.97. UWM has a 1 year low of $5.31 and a 1 year high of $9.74. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $10.04 billion, a price-to-earnings ratio of -27.30 and a beta of 1.66.

UWM (NYSE:UWMC) last released its quarterly earnings results 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 business had revenue of $560.21 million during the quarter, compared to analyst estimates of $645.75 million. As a group, equities analysts predict that UWM will post 0.2 earnings per share for the current year.

UWM Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 6.37%. The ex-dividend date of this dividend is Thursday, March 20th. UWM’s payout ratio is currently 500.00%.

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.