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

UWM Holdings Co. (NYSE:UWMC) has been assigned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, six 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 updated their coverage on the stock in the last year is $5.59.

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods raised UWM from an “underperform” rating to a “market perform” rating and set a $6.00 price target on the stock in a report on Tuesday. Deutsche Bank Aktiengesellschaft started coverage on UWM in a research note on Wednesday, January 10th. They issued a “hold” rating and a $6.00 price target for the company.

Hedge Funds Weigh In On UWM

Several hedge funds have recently made changes to their positions in UWMC. Point72 Hong Kong Ltd bought a new stake in UWM during the second quarter worth approximately $26,000. International Assets Investment Management LLC bought a new stake in shares of UWM during the 3rd quarter worth $32,000. Captrust Financial Advisors grew its holdings in shares of UWM by 220.9% in the 2nd quarter. Captrust Financial Advisors now owns 9,589 shares of the company’s stock worth $34,000 after acquiring an additional 6,601 shares during the last quarter. First Republic Investment Management Inc. acquired a new stake in shares of UWM during the second quarter worth $35,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of UWM during the fourth quarter valued at $35,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

UWM Price Performance

Shares of NYSE UWMC opened at $6.27 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a market capitalization of $592.58 million, a PE ratio of -33.00 and a beta of 1.60. UWM has a 1-year low of $4.49 and a 1-year high of $7.75. The business’s fifty day moving average price is $6.78 and its two-hundred day moving average price is $6.17.

UWM (NYSE:UWMC) last released its quarterly earnings data on Wednesday, February 28th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.26). The firm had revenue of ($114.58) million during the quarter, compared to analyst estimates of $402.14 million. UWM had a return on equity of 2.45% and a net margin of 0.79%. On average, research analysts expect that UWM will post 0.3 EPS for the current year.

UWM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Wednesday, March 20th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 6.38%. The ex-dividend date is Tuesday, March 19th. UWM’s payout ratio is -210.53%.

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.