UWM Holdings Co. (NYSE:UWMC) Given Average Recommendation of “Hold” by Analysts

UWM Holdings Co. (NYSE:UWMC) has received a consensus rating of “Hold” from the eleven research firms that are covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $9.25.

Several equities research analysts have recently weighed in on the company. Morgan Stanley decreased their target price on UWM from $8.00 to $7.50 and set an “equal weight” rating for the company in a research report on Tuesday, August 17th. Zacks Investment Research upgraded UWM from a “sell” rating to a “hold” rating in a report on Thursday, September 9th. Finally, UBS Group started coverage on shares of UWM in a research note on Friday, October 15th. They set a “buy” rating and a $8.50 price objective on the stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC bought a new stake in shares of UWM in the 1st quarter valued at approximately $3,889,000. Northern Trust Corp bought a new stake in UWM during the first quarter valued at $808,000. Renaissance Technologies LLC acquired a new stake in shares of UWM during the first quarter worth $251,000. Royal Bank of Canada acquired a new stake in shares of UWM during the first quarter worth $99,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of UWM in the 1st quarter worth about $2,148,000. 26.67% of the stock is owned by institutional investors.

UWMC stock traded up $0.14 during midday trading on Thursday, reaching $6.94. 3,372,013 shares of the company’s stock traded hands, compared to its average volume of 5,658,737. The company has a current ratio of 1.36, a quick ratio of 1.32 and a debt-to-equity ratio of 0.52. UWM has a fifty-two week low of $5.41 and a fifty-two week high of $14.38. The business has a 50-day moving average price of $6.88 and a two-hundred day moving average price of $7.67.

UWM (NYSE:UWMC) last issued its earnings results on Tuesday, November 9th. The company reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.06. On average, analysts anticipate that UWM will post 0.69 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 6th. Stockholders of record on Friday, December 10th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 5.76%. The ex-dividend date of this dividend is Thursday, December 9th.

UWM Company Profile

UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company originates mortgage loans through wholesale channel. It originates primarily conforming and government loans. The company was founded in 1986 and is headquartered in Pontiac, Michigan.

Featured Story: Equal Weight Rating

Analyst Recommendations for UWM (NYSE:UWMC)

Receive News & Ratings for UWM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UWM and related companies with MarketBeat.com's FREE daily email newsletter.