UWM Holdings Co. (NYSE:UWMC) Given Average Recommendation of "Hold" by Brokerages

UWM Holdings Co. (NYSE:UWMC - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seven brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $7.25.

UWMC has been the subject of a number of analyst reports. Wedbush reissued a "neutral" rating and issued a $6.50 price target on shares of UWM in a report on Monday, March 3rd. Keefe, Bruyette & Woods upgraded UWM from a "market perform" rating to an "outperform" rating and increased their target price for the company from $6.50 to $7.50 in a research note on Monday, March 3rd. Finally, Morgan Stanley dropped their price target on shares of UWM from $7.50 to $6.50 and set an "equal weight" rating for the company in a research note on Thursday, December 19th.

UWM Stock Down 1.1 %

Shares of UWMC stock traded down $0.07 during trading hours on Thursday, reaching $5.63. The company had a trading volume of 2,982,808 shares, compared to its average volume of 2,612,606. The stock's fifty day simple moving average is $6.16 and its 200 day simple moving average is $6.51. The company has a market capitalization of $8.99 billion, a P/E ratio of -24.46 and a beta of 1.64. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.40 and a current ratio of 1.40. UWM has a twelve month low of $5.31 and a twelve month high of $9.74.

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UWM (NYSE:UWMC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06). The firm had revenue of $560.21 million for the quarter, compared to the consensus estimate of $645.75 million. As a group, sell-side analysts expect that UWM will post 0.2 earnings per share for the current fiscal year.

UWM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 7.11%. The ex-dividend date is Thursday, March 20th. UWM's dividend payout ratio is currently 500.00%.

Hedge Funds Weigh In On UWM

Hedge funds have recently added to or reduced their stakes in the business. HB Wealth Management LLC lifted its position in shares of UWM by 23.0% in the 4th quarter. HB Wealth Management LLC now owns 14,053 shares of the company's stock worth $82,000 after buying an additional 2,631 shares during the last quarter. Sherbrooke Park Advisers LLC raised its stake in UWM by 17.4% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 20,038 shares of the company's stock worth $118,000 after acquiring an additional 2,975 shares during the period. Mariner LLC lifted its holdings in UWM by 5.1% in the fourth quarter. Mariner LLC now owns 64,455 shares of the company's stock worth $378,000 after acquiring an additional 3,126 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of UWM by 20.7% during the fourth quarter. Victory Capital Management Inc. now owns 20,330 shares of the company's stock valued at $119,000 after purchasing an additional 3,488 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of UWM by 13.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,477 shares of the company's stock valued at $174,000 after purchasing an additional 3,524 shares during the last quarter. Institutional investors and hedge funds 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.