UWM Holdings Co. (NYSE:UWMC) Receives $5.59 Consensus Price Target from Brokerages

Shares of UWM Holdings Co. (NYSE:UWMC) have been given an average rating of “Hold” by the ten brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $5.59.

A number of analysts recently commented on the company. Keefe, Bruyette & Woods raised UWM from an “underperform” rating to a “market perform” rating and set a $6.00 price target for the company in a research report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft assumed coverage on UWM in a research report on Wednesday, January 10th. They issued a “hold” rating and a $6.00 target price for the company.

UWM Stock Performance

Shares of UWMC opened at $6.07 on Thursday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $573.20 million, a price-to-earnings ratio of -31.92 and a beta of 1.60. The stock has a 50 day moving average of $6.74 and a 200 day moving average of $6.21. UWM has a 12 month low of $4.49 and a 12 month high of $7.75.

UWM (NYSE:UWMC) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.26). The business had revenue of ($114.58) million for the quarter, compared to analysts’ expectations of $402.14 million. UWM had a net margin of 0.79% and a return on equity of 2.45%. As a group, sell-side analysts forecast that UWM will post 0.3 earnings per share for the current year.

UWM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Wednesday, March 20th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 6.60%. The ex-dividend date of this dividend was Tuesday, March 19th. UWM’s dividend payout ratio (DPR) is presently -210.53%.

Hedge Funds Weigh In On UWM

Hedge funds have recently made changes to their positions in the stock. Atlas Capital Advisors LLC grew its position in shares of UWM by 190.5% in the first quarter. Atlas Capital Advisors LLC now owns 5,046 shares of the company’s stock valued at $37,000 after purchasing an additional 3,309 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of UWM in the third quarter valued at $32,000. Point72 Hong Kong Ltd bought a new stake in UWM during the second quarter valued at $26,000. Quadrant Capital Group LLC boosted its stake in UWM by 63.1% during the fourth quarter. Quadrant Capital Group LLC now owns 7,633 shares of the company’s stock valued at $55,000 after buying an additional 2,952 shares during the period. Finally, Comerica Bank bought a new stake in UWM during the third quarter valued at $40,000. 53.59% of the stock is currently owned by hedge funds and other institutional investors.

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.