Walker & Dunlop, Inc. (NYSE:WD) CEO William M. Walker sold 11,775 shares of the business’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $52.03, for a total value of $612,653.25. Following the sale, the chief executive officer now owns 1,307,305 shares in the company, valued at approximately $68,019,079.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
WD stock opened at $59.29 on Friday. The company has a market capitalization of $1,839.01, a PE ratio of 12.46 and a beta of 0.92. The company has a debt-to-equity ratio of 1.35, a current ratio of 9.41 and a quick ratio of 9.41. Walker & Dunlop, Inc. has a 12-month low of $41.19 and a 12-month high of $61.19.
Walker & Dunlop (NYSE:WD) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.26. Walker & Dunlop had a return on equity of 21.33% and a net margin of 29.66%. The business had revenue of $207.20 million during the quarter, compared to analyst estimates of $181.14 million. During the same period in the prior year, the company earned $1.16 earnings per share. Walker & Dunlop’s revenue was up 16.1% compared to the same quarter last year. analysts anticipate that Walker & Dunlop, Inc. will post 4.32 earnings per share for the current fiscal year.
Walker & Dunlop declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 7th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Prudential Financial Inc. lifted its position in shares of Walker & Dunlop by 1.3% during the third quarter. Prudential Financial Inc. now owns 369,256 shares of the financial services provider’s stock worth $19,323,000 after acquiring an additional 4,820 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Walker & Dunlop during the third quarter worth $524,000. ClariVest Asset Management LLC lifted its position in shares of Walker & Dunlop by 3.4% during the third quarter. ClariVest Asset Management LLC now owns 185,748 shares of the financial services provider’s stock worth $9,720,000 after acquiring an additional 6,156 shares in the last quarter. Eaton Vance Management purchased a new stake in shares of Walker & Dunlop in the fourth quarter worth $1,077,000. Finally, Wells Fargo & Company MN raised its position in shares of Walker & Dunlop by 30.9% in the fourth quarter. Wells Fargo & Company MN now owns 160,759 shares of the financial services provider’s stock worth $7,636,000 after buying an additional 37,906 shares in the last quarter. 81.16% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Walker & Dunlop in a research note on Wednesday, February 7th. ValuEngine raised Walker & Dunlop from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 8th. TheStreet raised Walker & Dunlop from a “c+” rating to a “b” rating in a report on Tuesday, March 13th. Finally, Zacks Investment Research raised Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $55.50.
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Walker & Dunlop Company Profile
Walker & Dunlop, Inc is a holding company, which conducts its operations through Walker & Dunlop, LLC. The Company provides commercial real estate financial products and services primarily to developers and owners of multifamily properties. The Company originates, sells and services a range of multifamily and other commercial real estate financing products, including Multifamily Finance, Federal Housing Administration (FHA) Finance, Capital Markets, and Proprietary Capital.
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