Walker & Dunlop, Inc. (NYSE:WD) EVP Richard M. Lucas sold 18,475 shares of the company’s stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $59.47, for a total transaction of $1,098,708.25. Following the completion of the transaction, the executive vice president now directly owns 142,345 shares of the company’s stock, valued at approximately $8,465,257.15. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
WD opened at $59.29 on Monday. Walker & Dunlop, Inc. has a 52 week low of $41.19 and a 52 week high of $61.19. The stock has a market cap of $1,825.78, a price-to-earnings ratio of 12.46 and a beta of 0.92. The company has a quick ratio of 9.41, a current ratio of 9.41 and a debt-to-equity ratio of 1.35.
Walker & Dunlop (NYSE:WD) last released its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.26 EPS for the quarter, beating the consensus estimate of $1.00 by $0.26. Walker & Dunlop had a net margin of 29.66% and a return on equity of 21.33%. The business had revenue of $207.20 million during the quarter, compared to the consensus estimate of $181.14 million. During the same quarter in the prior year, the firm earned $1.16 EPS. The business’s revenue was up 16.1% on a year-over-year basis. sell-side analysts forecast that Walker & Dunlop, Inc. will post 4.32 EPS for the current fiscal year.
Walker & Dunlop declared that its board has approved a stock repurchase plan on Wednesday, February 7th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.
Several institutional investors and hedge funds have recently added to or reduced their stakes in WD. Rhumbline Advisers boosted its holdings in shares of Walker & Dunlop by 2.8% during the 3rd quarter. Rhumbline Advisers now owns 56,286 shares of the financial services provider’s stock valued at $2,945,000 after purchasing an additional 1,555 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Walker & Dunlop by 4.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 394,596 shares of the financial services provider’s stock valued at $20,649,000 after purchasing an additional 17,963 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Walker & Dunlop during the 3rd quarter valued at about $123,000. Macquarie Group Ltd. bought a new position in shares of Walker & Dunlop during the 3rd quarter valued at about $251,000. Finally, American International Group Inc. boosted its holdings in shares of Walker & Dunlop by 5.9% during the 3rd quarter. American International Group Inc. now owns 22,065 shares of the financial services provider’s stock valued at $1,155,000 after purchasing an additional 1,230 shares during the last quarter. 81.16% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently weighed in on WD. ValuEngine raised shares of Walker & Dunlop from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 8th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Walker & Dunlop in a report on Wednesday, February 7th. TheStreet raised shares of Walker & Dunlop from a “c+” rating to a “b” rating in a report on Tuesday, March 13th. Finally, Zacks Investment Research raised shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Walker & Dunlop presently has a consensus rating of “Buy” and an average target price of $55.50.
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About Walker & Dunlop
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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