UWM Holdings Corporation (NYSE:UWMC) Receives Average Rating of "Hold" from Analysts

UWM Holdings Corporation (NYSE:UWMC - Get Free Report) has been given an average recommendation of "Hold" by the seven ratings firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $6.46.

Several analysts have recently issued reports on UWMC shares. The Goldman Sachs Group dropped their target price on shares of UWM from $6.00 to $5.25 and set a "neutral" rating on the stock in a research report on Wednesday, July 2nd. UBS Group upgraded UWM from a "sell" rating to a "neutral" rating and lowered their price objective for the stock from $4.75 to $4.50 in a report on Wednesday, April 16th. Barclays upgraded UWM from an "equal weight" rating to an "overweight" rating and set a $6.00 price objective for the company in a research note on Tuesday. Finally, Keefe, Bruyette & Woods decreased their target price on UWM from $7.50 to $6.50 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th.

UWM Price Performance

NYSE UWMC traded up $0.16 during trading hours on Friday, reaching $4.15. The company's stock had a trading volume of 6,718,917 shares, compared to its average volume of 3,850,981. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of -31.92 and a beta of 1.68. The company's 50-day moving average is $4.21 and its two-hundred day moving average is $5.20. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.50 and a quick ratio of 1.50. UWM has a 1-year low of $3.80 and a 1-year high of $9.74.

UWM (NYSE:UWMC - Get Free Report) last announced 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). UWM had a negative return on equity of 3.86% and a negative net margin of 0.36%. The business had revenue of $613.37 million for the quarter, compared to analyst estimates of $558.80 million. On average, equities analysts predict that UWM will post 0.2 EPS for the current year.

UWM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.40 annualized dividend and a dividend yield of 9.64%. UWM's dividend payout ratio (DPR) is -307.69%.

Insider Activity at UWM

In related news, CEO Ishbia Mat sold 400,036 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $4.05, for a total value of $1,620,145.80. Following the completion of the transaction, the chief executive officer directly owned 3,499,532 shares in the company, valued at approximately $14,173,104.60. This represents a 10.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 3,200,288 shares of company stock worth $13,149,183. 94.11% of the stock is currently owned by insiders.

Institutional Investors Weigh In On UWM

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UWMC. Vanguard Group Inc. increased its position in shares of UWM by 37.6% during the 4th quarter. Vanguard Group Inc. now owns 11,764,910 shares of the company's stock worth $69,060,000 after purchasing an additional 3,212,081 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of UWM by 15.3% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 408,182 shares of the company's stock valued at $2,229,000 after acquiring an additional 54,160 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of UWM by 112.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 118,720 shares of the company's stock valued at $648,000 after acquiring an additional 62,862 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of UWM in the 4th quarter worth approximately $121,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of UWM by 9.9% in the 4th quarter. Wells Fargo & Company MN now owns 64,970 shares of the company's stock worth $381,000 after acquiring an additional 5,849 shares during the last quarter. Hedge funds and other 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.