Equities Analysts Issue Forecasts for UWM Q4 Earnings

UWM Holdings Co. (NYSE:UWMC) – Wedbush dropped their Q4 2024 earnings per share estimates for shares of UWM in a note issued to investors on Monday, November 11th. Wedbush analyst J. Mccanless now forecasts that the company will earn $0.06 per share for the quarter, down from their previous estimate of $0.10. Wedbush has a “Neutral” rating and a $8.50 price target on the stock. The consensus estimate for UWM’s current full-year earnings is $0.19 per share.

A number of other brokerages have also issued reports on UWMC. UBS Group boosted their target price on shares of UWM from $4.50 to $4.75 and gave the company a “sell” rating in a research note on Thursday, September 5th. The Goldman Sachs Group boosted their price objective on shares of UWM from $7.50 to $8.50 and gave the company a “neutral” rating in a research report on Thursday, August 8th. Barclays raised shares of UWM from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $6.00 to $8.00 in a research note on Tuesday, October 8th. BTIG Research increased their price objective on UWM from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Finally, Morgan Stanley started coverage on UWM in a research report on Tuesday, November 5th. They set an “equal weight” rating and a $7.50 target price for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $7.66.

UWM Stock Down 2.2 %

UWM stock opened at $5.89 on Wednesday. UWM has a 1-year low of $5.42 and a 1-year high of $9.74. The company’s 50-day moving average is $7.64 and its 200 day moving average is $7.70. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.40 and a quick ratio of 1.40.

Hedge Funds Weigh In On UWM

Large investors have recently made changes to their positions in the business. CWM LLC boosted its position in shares of UWM by 96.4% in the 2nd quarter. CWM LLC now owns 6,471 shares of the company’s stock worth $45,000 after purchasing an additional 3,177 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in UWM in the second quarter worth about $52,000. SageView Advisory Group LLC purchased a new stake in shares of UWM during the first quarter worth about $55,000. Xponance Inc. acquired a new position in UWM during the 2nd quarter valued at approximately $76,000. Finally, Intech Investment Management LLC acquired a new position in UWM during the 2nd quarter valued at approximately $85,000. 53.59% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at UWM

In other UWM news, CEO Ishbia Mat sold 1,200,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $8.45, for a total transaction of $10,140,000.00. Following the completion of the sale, the chief executive officer now directly owns 171,520 shares of the company’s stock, valued at approximately $1,449,344. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 94.11% of the company’s stock.

UWM Announces Dividend

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

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.