UWM Holdings Co. (NYSE:UWMC) Receives Consensus Recommendation of "Hold" from Analysts

UWM Holdings Co. (NYSE:UWMC - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seven ratings firms that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $6.86.

A number of equities analysts have commented on UWMC shares. Wedbush restated a "neutral" rating and issued a $6.50 price target on shares of UWM in a research report on Monday, March 3rd. Keefe, Bruyette & Woods dropped their price target on UWM from $7.50 to $6.50 and set an "outperform" rating for the company in a report on Wednesday, May 7th. UBS Group upgraded UWM from a "sell" rating to a "neutral" rating and cut their price objective for the company from $4.75 to $4.50 in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group decreased their target price on UWM from $7.00 to $6.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th.

UWM Stock Performance

UWMC opened at $4.13 on Friday. The stock's 50 day simple moving average is $4.97 and its 200-day simple moving average is $5.75. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.06. The stock has a market cap of $6.60 billion, a PE ratio of -17.96 and a beta of 1.75. UWM has a 1 year low of $4.00 and a 1 year high of $9.74.

UWM (NYSE:UWMC - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.29). The firm had revenue of $613.37 million for the quarter, compared to analyst estimates of $558.80 million. Sell-side analysts forecast that UWM will post 0.2 EPS for the current year.

UWM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.69%. UWM's payout ratio is currently -307.69%.

Hedge Funds Weigh In On UWM

Hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in UWM by 101.8% during 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 lifted its holdings in UWM by 135.4% in the first quarter. Signaturefd LLC now owns 8,159 shares of the company's stock valued at $45,000 after buying an additional 4,693 shares during the period. Quarry LP bought a new position in UWM in the first quarter valued at approximately $53,000. Independent Advisor Alliance acquired a new stake in UWM during the 1st quarter worth $58,000. Finally, SYM FINANCIAL Corp bought a new stake in shares of UWM during the 1st quarter valued at $64,000. Institutional investors own 53.59% of the company's stock.

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.

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