Brokerages Set UWM Holdings Corporation (NYSE:UWMC) PT at $6.49

UWM Holdings Corporation (NYSE:UWMC) has been assigned an average rating of “Hold” from the ten brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $6.4875.

A number of brokerages have recently commented on UWMC. Wall Street Zen upgraded UWM from a “strong sell” rating to a “hold” rating in a research report on Saturday, February 28th. The Goldman Sachs Group set a $5.00 target price on UWM in a report on Tuesday, January 6th. Weiss Ratings raised UWM from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, February 26th. Compass Point began coverage on UWM in a report on Tuesday, March 10th. They set a “buy” rating and a $8.50 target price for the company. Finally, Barclays decreased their price target on UWM from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th.

UWM Stock Performance

NYSE:UWMC opened at $3.64 on Thursday. The company has a 50-day moving average of $4.87 and a 200-day moving average of $5.33. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 60.58 and a beta of 1.90. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.64. UWM has a twelve month low of $3.62 and a twelve month high of $7.14.

UWM (NYSE:UWMC) last released its earnings results on Wednesday, February 25th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The business had revenue of $945.25 million during the quarter, compared to the consensus estimate of $759.12 million. UWM had a negative return on equity of 1.35% and a net margin of 0.87%. Analysts forecast that UWM will post 0.2 earnings per share for the current fiscal year.

UWM Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 11.0%. The ex-dividend date is Thursday, March 19th. UWM’s dividend payout ratio (DPR) is presently 666.67%.

Trending Headlines about UWM

Here are the key news stories impacting UWM this week:

• Positive Sentiment: BTIG reiterated a Buy rating with a $10 price target after UWM raised its revenue outlook ahead of the merger vote — this reinforces upside expectations if the deal clears. BTIG Reiterates Buy Rating on UWM Holdings (UWMC)
• Positive Sentiment: Unusually large call-option buying occurred (about 15,889 calls, up ~92% vs. typical volume), indicating short-term bullish/speculative positioning that can support near-term demand for the shares.
• Neutral Sentiment: Valuation coverage notes UWM shares sit below some narrative fair-value estimates, suggesting analysts see upside but also pointing to execution and deal risk that must be resolved. A Look At UWM Holdings (UWMC) Valuation
• Negative Sentiment: Two Harbors adjourned its shareholder meeting after missing a quorum, postponing the merger vote and increasing near-term deal uncertainty — a direct negative for UWM’s strategic outlook and stock sentiment. Two Harbors postpones vote on UWM merger after quorum miss
• Negative Sentiment: CEO Mat Ishbia sold large blocks of stock in two filings (632,874 shares on March 13 at ~$3.69 and 1,000,574 shares on March 16 at ~$3.70), reducing his ownership meaningfully — insider selling at scale tends to weigh on investor sentiment. SEC filing: SEC Form 4

Insider Buying and Selling at UWM

In other news, CEO Ishbia Mat sold 1,000,574 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $3.70, for a total transaction of $3,702,123.80. Following the sale, the chief executive officer owned 12,335,597 shares in the company, valued at $45,641,708.90. The trade was a 7.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 20,839,274 shares of company stock valued at $99,204,360 over the last quarter. Company insiders own 94.11% of the company’s stock.

Hedge Funds Weigh In On UWM

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new stake in UWM during the 1st quarter valued at $92,000. Focus Partners Wealth acquired a new stake in shares of UWM in the first quarter worth $55,000. Envestnet Asset Management Inc. boosted its position in shares of UWM by 437.2% in the second quarter. Envestnet Asset Management Inc. now owns 121,444 shares of the company’s stock worth $503,000 after buying an additional 98,837 shares during the period. Teacher Retirement System of Texas grew its holdings in shares of UWM by 23.5% during the second quarter. Teacher Retirement System of Texas now owns 23,929 shares of the company’s stock valued at $99,000 after buying an additional 4,552 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. acquired a new position in UWM during the second quarter valued at $103,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

UWM Company Profile

United Wholesale Mortgage (NYSE: UWMC) is a leading mortgage lender in the United States specializing in the wholesale channel. The company partners with independent mortgage brokers, community banks and credit unions to offer a full suite of residential mortgage products. Through its network of third-party originators, United Wholesale Mortgage underwrites, funds and closes loans, allowing its partners to focus on customer acquisition and service.

The company’s product offerings include conventional fixed- and adjustable-rate mortgages, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, U.S.