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

UWM Holdings Co. (NYSE:UWMC – Get Rating) has earned an average rating of “Hold” from the ten ratings firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $3.69.

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods cut shares of UWM from a “market perform” rating to an “underperform” rating and set a $3.50 price target for the company. in a research note on Wednesday, December 14th. The Goldman Sachs Group dropped their price target on shares of UWM from $3.50 to $3.00 and set a “neutral” rating for the company in a research note on Tuesday, October 4th. Barclays increased their price target on shares of UWM from $2.50 to $3.00 in a research note on Monday, January 9th. UBS Group set a $4.00 price target on shares of UWM in a research note on Wednesday, November 23rd. Finally, Piper Sandler lowered their price objective on shares of UWM from $3.00 to $2.50 and set an “underweight” rating for the company in a research report on Friday, September 30th.

Institutional Investors Weigh In On UWM

Hedge funds have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd acquired a new stake in UWM during the 2nd quarter worth approximately $26,000. Captrust Financial Advisors lifted its holdings in UWM by 220.9% during the 2nd quarter. Captrust Financial Advisors now owns 9,589 shares of the company’s stock worth $34,000 after buying an additional 6,601 shares in the last quarter. First Republic Investment Management Inc. acquired a new stake in UWM during the 2nd quarter worth approximately $35,000. MQS Management LLC acquired a new stake in shares of UWM in the 2nd quarter valued at $36,000. Finally, Xponance Inc. acquired a new stake in shares of UWM in the 2nd quarter valued at $40,000. 37.73% of the stock is currently owned by institutional investors and hedge funds.

UWM Stock Performance

Shares of UWM stock opened at $3.91 on Tuesday. The firm has a 50-day simple moving average of $4.02 and a two-hundred day simple moving average of $3.71. The company has a market cap of $361.97 million, a P/E ratio of 7.11 and a beta of 1.28. UWM has a fifty-two week low of $2.84 and a fifty-two week high of $5.93. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.79 and a current ratio of 1.79.

UWM (NYSE:UWMC – Get Rating) last announced its quarterly earnings data on Friday, November 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.13. UWM had a net margin of 2.20% and a return on equity of 24.22%. The company had revenue of $684.17 million during the quarter, compared to analysts’ expectations of $329.58 million. As a group, equities analysts predict that UWM will post 0.46 earnings per share for the current fiscal year.

UWM Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 10th. Shareholders of record on Friday, December 9th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, December 8th. This represents a $0.40 dividend on an annualized basis and a yield of 10.23%. UWM’s dividend payout ratio (DPR) is presently 72.73%.

About UWM

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UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company originates 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.