UWM Holdings Corporation (NYSE:UWMC) Receives $4.89 Consensus PT from Analysts

Shares of UWM Holdings Corporation (NYSE:UWMC) have earned a consensus rating of “Hold” from the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $4.89.

A number of analysts recently weighed in on UWMC shares. BTIG Research reiterated a “buy” rating and set a $4.00 price target on shares of UWM in a research note on Wednesday, June 24th. Barclays dropped their price objective on shares of UWM from $5.00 to $4.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Morgan Stanley set a $3.75 target price on shares of UWM in a report on Thursday, June 25th. Zacks Research upgraded shares of UWM from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Argus upgraded shares of UWM to a “hold” rating in a research report on Tuesday, March 31st.

UWM Price Performance

Shares of NYSE UWMC opened at $2.02 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 3.13. UWM has a twelve month low of $1.98 and a twelve month high of $7.14. The stock has a 50 day moving average of $2.51 and a two-hundred day moving average of $3.71. The stock has a market cap of $3.24 billion, a P/E ratio of 7.50 and a beta of 1.76.

UWM (NYSE:UWMC) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.03. The business had revenue of $901.43 million during the quarter, compared to the consensus estimate of $709.85 million. UWM had a return on equity of 19.01% and a net margin of 1.92%. On average, research analysts forecast that UWM will post 0.36 earnings per share for the current year.

UWM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 19.8%. The ex-dividend date of this dividend was Thursday, June 18th. UWM’s dividend payout ratio is currently 148.15%.

Insider Buying and Selling at UWM

In other news, CEO Ishbia Mat sold 1,003,333 shares of the stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $3.39, for a total value of $3,401,298.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 10,934,598 shares of company stock worth $39,868,172. Corporate insiders own 80.30% of the company’s stock.

Institutional Investors Weigh In On UWM

Several institutional investors have recently modified their holdings of the company. Allworth Financial LP increased its stake in UWM by 5,681.9% in the 3rd quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock valued at $25,000 after purchasing an additional 4,091 shares in the last quarter. Advisory Services Network LLC purchased a new stake in UWM during the third quarter worth $38,000. Raymond James Financial Inc. acquired a new stake in UWM in the second quarter valued at $35,000. Farther Finance Advisors LLC grew its holdings in UWM by 1,410.7% in the fourth quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company’s stock valued at $38,000 after purchasing an additional 8,027 shares during the last quarter. Finally, Focus Partners Wealth acquired a new stake in UWM in the first quarter valued at $55,000. Hedge funds and other institutional investors own 53.59% of the company’s stock.

UWM Company Profile

United Wholesale Mortgage (NYSE: UWMC) is a leading mortgage lender in the United States specializing in the wholesale channel. The company partners with independent mortgage brokers, community banks and credit unions to offer a full suite of residential mortgage products. Through its network of third-party originators, United Wholesale Mortgage underwrites, funds and closes loans, allowing its partners to focus on customer acquisition and service.

The company’s product offerings include conventional fixed- and adjustable-rate mortgages, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, U.S.