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

Shares of UWM Holdings Corporation (NYSE:UWMC) have earned an average rating of “Hold” from the thirteen ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $4.99.

A number of brokerages have commented on UWMC. Weiss Ratings lowered UWM from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, June 15th. Compass Point began coverage on UWM in a research note on Tuesday, March 10th. They set a “buy” rating and a $8.50 price target on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $5.50 price target on shares of UWM in a research note on Thursday, May 7th. Argus raised UWM to a “hold” rating in a research note on Tuesday, March 31st. Finally, BTIG Research reaffirmed a “buy” rating and set a $4.00 price target on shares of UWM in a research note on Wednesday.

Insiders Place Their Bets

In related news, CEO Ishbia Mat sold 1,003,333 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $3.57, for a total value of $3,581,898.81. Following the transaction, the chief executive officer directly owned 2,995,754 shares in the company, valued at $10,694,841.78. This represents a 25.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 18,939,190 shares of company stock valued at $69,805,346 in the last quarter. Corporate insiders own 80.30% of the company’s stock.

Hedge Funds Weigh In On UWM

Large investors have recently bought and sold shares of the business. Integrated Investment Consultants LLC acquired a new position in UWM in the third quarter valued at approximately $32,630,000. Tudor Investment Corp ET AL acquired a new position in UWM in the third quarter valued at approximately $12,237,000. Alight Capital Management LP acquired a new position in UWM in the third quarter valued at approximately $3,958,000. Vanguard Group Inc. lifted its holdings in UWM by 6.2% in the third quarter. Vanguard Group Inc. now owns 17,282,688 shares of the company’s stock valued at $105,252,000 after buying an additional 1,010,907 shares during the period. Finally, Luxor Capital Group LP acquired a new position in UWM in the third quarter valued at approximately $7,473,000. 53.59% of the stock is currently owned by institutional investors and hedge funds.

UWM Trading Up 2.9%

Shares of NYSE UWMC opened at $2.18 on Friday. UWM has a 1-year low of $2.00 and a 1-year high of $7.14. The company has a 50-day moving average of $2.98 and a two-hundred day moving average of $4.02. The company has a market cap of $3.49 billion, a PE ratio of 8.08 and a beta of 1.72. 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 (NYSE:UWMC) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03. UWM had a net margin of 1.92% and a return on equity of 19.01%. The business had revenue of $901.43 million for the quarter, compared to analysts’ expectations of $709.85 million. As a group, equities analysts expect that UWM will post 0.38 earnings per share for the current fiscal year.

UWM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 18.3%. The ex-dividend date of this dividend is Thursday, June 18th. UWM’s payout ratio is 148.15%.

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.