UWM’s (UWMC) “Neutral” Rating Reiterated at Wedbush

Wedbush restated their neutral rating on shares of UWM (NYSE:UWMC) in a research note issued to investors on Monday,Benzinga reports. They currently have a $6.50 price target 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.

A number of other research analysts also recently issued reports on UWMC. Keefe, Bruyette & Woods raised shares of UWM from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $6.50 to $7.50 in a research report on Monday. The Goldman Sachs Group reduced their price objective on shares of UWM from $8.50 to $7.50 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Finally, Morgan Stanley reduced their price objective on shares of UWM from $7.50 to $6.50 and set an “equal weight” rating on the stock in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $7.25.

UWM Stock Up 0.5 %

Shares of NYSE UWMC opened at $6.45 on Monday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.06. UWM has a 52 week low of $5.31 and a 52 week high of $9.74. The firm’s fifty day moving average is $6.12 and its 200 day moving average is $6.92. The company has a market cap of $10.30 billion, a price-to-earnings ratio of -28.02 and a beta of 1.66.

UWM (NYSE:UWMC) last issued 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 business had revenue of $560.21 million for the quarter, compared to analyst estimates of $645.75 million. On average, equities research analysts expect that UWM will post 0.2 earnings per share for the current year.

UWM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date is Thursday, March 20th. UWM’s dividend payout ratio is presently 500.00%.

Institutional Trading of UWM

A number of hedge funds and other institutional investors have recently modified their holdings of UWMC. Townsquare Capital LLC purchased a new stake in shares of UWM in the 4th quarter worth about $72,000. Sanctuary Advisors LLC purchased a new stake in shares of UWM in the 4th quarter worth about $77,000. HB Wealth Management LLC grew 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 period. Sei Investments Co. bought a new position in UWM in the 4th quarter worth about $82,000. Finally, Orion Portfolio Solutions LLC bought a new position in UWM in the 3rd quarter worth about $85,000. 53.59% of the stock is owned by hedge funds and other institutional investors.

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.