UWM Holdings Corporation Class [NYSE: UWMC] jumped around 0.61 points on Monday, while shares priced at $8.12 at the close of the session, up 8.12%. The company report on May 11, 2021 that UWM Holdings Corporation Announces First Quarter 2021 Results.
$860 Million in 1Q21 Net Income;$49.1 Billion in 1Q21 Loan Volume.
UWM Holdings Corporation (NYSE: UWMC), the publicly traded indirect parent of United Wholesale Mortgage (“UWM”), the #1 wholesale mortgage lender in America, announced the results for the first quarter ended March 31, 2021. UWMC reported 1Q21 net income of $860 million, a 42x increase over 1Q20 net income of $20.3 million. Additionally, the Board of Directors of UWMC declared a quarterly dividend of $0.10 per share on the outstanding shares of Class A Common Stock. The dividend is payable on July 6, 2021 to stockholders of record at the close of business on June 10, 2021. The Board of Directors also authorized a share repurchase program of up to $300 million over the next 24 months, beginning on May 11, 2021.
UWM Holdings Corporation Class stock is now -38.16% down from its year-to-date (YTD) trading value. UWMC Stock saw the intraday high of $8.68 and lowest of $7.8515 per share. The company’s 52-week high price is 14.38, which means current price is +29.92% above from all time high which was touched on 01/04/21.
Compared to the average trading volume of 8.38M shares, UWMC reached a trading volume of 16832310 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about UWM Holdings Corporation Class [UWMC]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for UWMC shares is $11.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on UWMC stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Barclays have made an estimate for UWM Holdings Corporation Class shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 21, 2021. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Outperform. The new note on the price target was released on February 23, 2021, representing the official price target for UWM Holdings Corporation Class stock. Previously, the target price had yet another raise to $10.50, while Goldman analysts kept a Neutral rating on UWMC stock.
The Average True Range (ATR) for UWM Holdings Corporation Class is set at 0.49, with the Price to Sales ratio for UWMC stock in the period of the last 12 months amounting to 2.58. The Price to Book ratio for the last quarter was 0.86, with the Price to Cash per share for the same quarter was set at 0.00.
How has UWMC stock performed recently?
UWM Holdings Corporation Class [UWMC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 20.83. With this latest performance, UWMC shares gained by 8.41% in over the last four-week period, additionally sinking by -18.64% over the last 6 months – not to mention a drop of -16.89% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for UWMC stock in for the last two-week period is set at 57.62, with the RSI for the last a single of trading hit 64.10, and the three-weeks RSI is set at 53.32 for UWM Holdings Corporation Class [UWMC]. The present Moving Average for the last 50 days of trading for this stock 7.93, while it was recorded at 7.44 for the last single week of trading, and 9.81 for the last 200 days.
UWM Holdings Corporation Class [UWMC]: Deeper insight into the fundamentals
Return on Total Capital for UWMC is now -3.36, given the latest momentum, and Return on Invested Capital for the company is -2.86. Return on Equity for this stock declined to -2.86, with Return on Assets sitting at -2.73. When it comes to the capital structure of this company, UWM Holdings Corporation Class [UWMC] has a Total Debt to Total Equity ratio set at 0.25. Additionally, UWMC Total Debt to Total Capital is recorded at 0.25, with Total Debt to Total Assets ending up at 0.23.
UWM Holdings Corporation Class’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.00 and a Current Ratio set at 0.00.
Earnings analysis for UWM Holdings Corporation Class [UWMC]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for UWMC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for UWM Holdings Corporation Class go to 79.59%.
Insider trade positions for UWM Holdings Corporation Class [UWMC]
There are presently around $195 million, or 24.60% of UWMC stock, in the hands of institutional investors. The top three institutional holders of UWMC stocks are: KING STREET CAPITAL MANAGEMENT, L.P. with ownership of 7,100,000, which is approximately New of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 3,344,182 shares of the stock with an approximate value of $27.16 million in UWMC stocks shares; and PHOENIX HOLDINGS LTD., currently with $20.3 million in UWMC stock with ownership of nearly 0% of the company’s market capitalization.
Positions in UWM Holdings Corporation Class stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 73 institutional holders increased their position in UWM Holdings Corporation Class [NYSE:UWMC] by around 18,081,829 shares. Additionally, 48 investors decreased positions by around 10,912,018 shares, while 2 investors held positions by with 4,999,975 shares. The mentioned changes placed institutional holdings at 23,993,872 shares, according to the latest SEC report filing. UWMC stock had 55 new institutional investments in for a total of 15,494,445 shares, while 36 institutional investors sold positions of 9,931,088 shares during the same period.