UWM Holdings Corporation (NYSE:UWMC) Receives Consensus Rating of “Hold” from Brokerages

UWM Holdings Corporation (NYSE:UWMC) has been given an average recommendation of “Hold” by the six research firms that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $5.5417.

UWMC has been the subject of several analyst reports. The Goldman Sachs Group lowered their price target on shares of UWM from $6.00 to $5.25 and set a “neutral” rating for the company in a report on Wednesday, July 2nd. Barclays upgraded shares of UWM from an “equal weight” rating to an “overweight” rating and set a $6.00 price target for the company in a report on Tuesday, July 8th. Keefe, Bruyette & Woods lowered shares of UWM from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $6.50 to $4.50 in a report on Thursday, July 10th. Finally, Wall Street Zen upgraded shares of UWM from a “strong sell” rating to a “hold” rating in a report on Saturday, August 9th.

Insider Buying and Selling at UWM

In other news, CEO Ishbia Mat sold 596,356 shares of UWM stock in a transaction on Monday, September 15th. The shares were sold at an average price of $6.84, for a total value of $4,079,075.04. Following the completion of the sale, the chief executive officer owned 7,301,428 shares in the company, valued at $49,941,767.52. The trade was a 7.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders have sold 14,597,636 shares of company stock valued at $71,889,315. Insiders own 87.50% of the company’s stock.

Institutional Trading of UWM

Hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its position in UWM by 101.8% in the 1st quarter. GAMMA Investing LLC now owns 5,863 shares of the company’s stock valued at $32,000 after purchasing an additional 2,958 shares during the period. Signaturefd LLC grew its position in UWM by 135.4% in the 1st quarter. Signaturefd LLC now owns 8,159 shares of the company’s stock valued at $45,000 after purchasing an additional 4,693 shares during the period. Raymond James Financial Inc. acquired a new stake in UWM in the 2nd quarter valued at $35,000. Quarry LP acquired a new stake in UWM in the 1st quarter valued at $53,000. Finally, Focus Partners Wealth acquired a new stake in UWM in the 1st quarter valued at $55,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

UWM Stock Up 0.9%

Shares of NYSE UWMC opened at $6.71 on Thursday. The company has a 50 day simple moving average of $5.18 and a 200 day simple moving average of $4.89. The firm has a market cap of $10.73 billion, a PE ratio of -134.20 and a beta of 1.76. UWM has a 1 year low of $3.80 and a 1 year high of $9.14. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.55 and a quick ratio of 1.55.

UWM (NYSE:UWMC) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.10. The business had revenue of $758.70 million during the quarter, compared to analyst estimates of $621.60 million. UWM had a net margin of 0.48% and a negative return on equity of 5.56%. On average, research analysts forecast that UWM will post 0.2 EPS for the current year.

UWM Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th will be paid a $0.10 dividend. The ex-dividend date is Thursday, September 18th. This represents a $0.40 annualized dividend and a dividend yield of 6.0%. UWM’s payout ratio is currently -800.00%.

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.