UWM (NYSE:UWMC) Receives “Neutral” Rating from Wedbush

Wedbush reaffirmed their neutral rating on shares of UWM (NYSE:UWMC) in a research note released 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.

Several other equities analysts have also recently issued reports on the stock. Morgan Stanley lowered their target price on shares of UWM from $7.50 to $6.50 and set an “equal weight” rating on the stock in a research note on Thursday, December 19th. Keefe, Bruyette & Woods upgraded shares of UWM from a “market perform” rating to an “outperform” rating and upped their target price for the company from $6.50 to $7.50 in a research note on Monday. Finally, The Goldman Sachs Group lowered their target price 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 analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, UWM has a consensus rating of “Hold” and an average price target of $7.25.

UWM Stock Performance

Shares of UWM stock opened at $6.45 on Monday. The stock has a market cap of $10.30 billion, a price-to-earnings ratio of -28.02 and a beta of 1.66. The firm’s 50-day moving average is $6.12 and its 200 day moving average is $6.92. UWM has a 1 year low of $5.31 and a 1 year high of $9.74. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.40.

UWM (NYSE:UWMC) last posted its earnings results on Wednesday, February 26th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate 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. Sell-side analysts anticipate that UWM will post 0.2 EPS for the current fiscal year.

UWM Dividend Announcement

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

Institutional Investors Weigh In On UWM

Hedge funds and other institutional investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of UWM by 56.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 415,656 shares of the company’s stock valued at $3,541,000 after purchasing an additional 149,216 shares during the last quarter. Carrera Capital Advisors purchased a new stake in UWM in the 3rd quarter worth approximately $1,727,000. Point72 Asset Management L.P. purchased a new stake in UWM in the 3rd quarter worth approximately $1,065,000. Geode Capital Management LLC increased its holdings in UWM by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,546,818 shares of the company’s stock worth $13,183,000 after acquiring an additional 41,206 shares in the last quarter. Finally, Verition Fund Management LLC increased its holdings in UWM by 446.3% in the 3rd quarter. Verition Fund Management LLC now owns 159,666 shares of the company’s stock worth $1,360,000 after acquiring an additional 130,439 shares in the last quarter. Hedge funds and other institutional investors own 53.59% of the company’s stock.

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.