Wedbush Reiterates "Neutral" Rating for UWM (NYSE:UWMC)

Wedbush reaffirmed their neutral rating on shares of UWM (NYSE:UWMC - Free Report) in a report issued on Monday morning,Benzinga reports. They currently have a $6.50 price objective on the stock. Wedbush also issued estimates for UWM's Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.08 EPS, Q3 2025 earnings at $0.09 EPS, Q4 2025 earnings at $0.10 EPS, FY2025 earnings at $0.34 EPS and FY2026 earnings at $0.64 EPS.

Other equities analysts have also recently issued reports about the company. Morgan Stanley cut their price target on UWM from $7.50 to $6.50 and set an "equal weight" rating for the company in a report on Thursday, December 19th. Keefe, Bruyette & Woods raised shares of UWM from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $6.50 to $7.50 in a research note on Monday. Finally, The Goldman Sachs Group decreased their price target on shares of UWM from $8.50 to $7.50 and set a "neutral" rating on the stock in a research note on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, UWM currently has an average rating of "Hold" and an average target price of $7.25.

UWM Price Performance

NYSE:UWMC traded down $0.22 during mid-day trading on Monday, hitting $6.23. 3,208,577 shares of the company's stock traded hands, compared to its average volume of 3,492,640. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market cap of $9.95 billion, a PE ratio of -27.07 and a beta of 1.64. The firm's 50 day simple moving average is $6.12 and its 200 day simple moving average is $6.92. UWM has a 1 year low of $5.31 and a 1 year high of $9.74.

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UWM (NYSE:UWMC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.01 earnings per share 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 analyst estimates of $645.75 million. Sell-side analysts expect that UWM will post 0.2 EPS for the current year.

UWM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date is Thursday, March 20th. UWM's payout ratio is 500.00%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of UWMC. Orion Portfolio Solutions LLC purchased a new position in UWM during the third quarter worth approximately $85,000. Sanctuary Advisors LLC acquired a new stake in shares of UWM during the 4th quarter worth $77,000. Townsquare Capital LLC purchased a new position in shares of UWM in the 4th quarter worth $72,000. Quantinno Capital Management LP acquired a new position in UWM in the third quarter valued at $106,000. Finally, Sei Investments Co. acquired a new position in UWM in the fourth quarter valued at $82,000. 53.59% of the stock is currently owned by hedge funds and other institutional investors.

About UWM

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.