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Analysts Set Expectations for UWM's Q4 Earnings (NYSE:UWMC)

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UWM Holdings Co. (NYSE:UWMC - Free Report) - Analysts at Wedbush dropped their Q4 2024 earnings per share estimates for UWM in a research note issued to investors on Monday, November 11th. Wedbush analyst J. Mccanless now forecasts that the company will post earnings per share of $0.06 for the quarter, down from their prior estimate of $0.10. Wedbush has a "Neutral" rating and a $8.50 price objective on the stock. The consensus estimate for UWM's current full-year earnings is $0.19 per share.

Several other research analysts have also recently issued reports on UWMC. UBS Group raised their price objective on UWM from $4.50 to $4.75 and gave the stock a "sell" rating in a research note on Thursday, September 5th. Barclays upgraded UWM from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $6.00 to $8.00 in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods raised their price objective on UWM from $7.00 to $8.00 and gave the stock a "market perform" rating in a research note on Wednesday, August 7th. Morgan Stanley assumed coverage on UWM in a research note on Tuesday, November 5th. They issued an "equal weight" rating and a $7.50 price objective for the company. Finally, The Goldman Sachs Group raised their price objective on UWM from $7.50 to $8.50 and gave the stock a "neutral" rating in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $7.66.

Check Out Our Latest Research Report on UWM

UWM Stock Down 2.2 %

UWM stock traded down $0.13 during midday trading on Wednesday, reaching $5.89. The company's stock had a trading volume of 4,015,155 shares, compared to its average volume of 1,952,527. The stock's 50-day simple moving average is $7.64 and its 200-day simple moving average is $7.70. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.06. UWM has a 52-week low of $5.42 and a 52-week high of $9.74.

Institutional Investors Weigh In On UWM

Hedge funds and other institutional investors have recently bought and sold shares of the company. McAdam LLC increased its position in shares of UWM by 16.0% during the second quarter. McAdam LLC now owns 12,721 shares of the company's stock valued at $88,000 after acquiring an additional 1,758 shares during the last quarter. Wedmont Private Capital increased its position in shares of UWM by 10.8% during the third quarter. Wedmont Private Capital now owns 20,113 shares of the company's stock valued at $171,000 after acquiring an additional 1,963 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of UWM by 8.7% during the second quarter. Mercer Global Advisors Inc. ADV now owns 24,757 shares of the company's stock valued at $168,000 after acquiring an additional 1,991 shares during the last quarter. CWM LLC increased its position in shares of UWM by 96.4% during the second quarter. CWM LLC now owns 6,471 shares of the company's stock valued at $45,000 after acquiring an additional 3,177 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of UWM by 5.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 57,948 shares of the company's stock valued at $421,000 after acquiring an additional 3,207 shares during the last quarter. 53.59% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at UWM

In other news, CEO Ishbia Mat sold 1,200,000 shares of the firm's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $8.45, for a total value of $10,140,000.00. Following the transaction, the chief executive officer now directly owns 171,520 shares of the company's stock, valued at approximately $1,449,344. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 94.11% of the company's stock.

UWM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Thursday, December 19th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 6.79%. The ex-dividend date is Thursday, December 19th. UWM's dividend payout ratio is currently -173.91%.

About UWM

(Get Free Report)

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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