Walker & Dunlop (WD) Scheduled to Post Earnings on Thursday

Walker & Dunlop (NYSE:WDGet Free Report) is set to post its 12/31/2023 quarterly earnings results before the market opens on Thursday, February 15th. Analysts expect Walker & Dunlop to post earnings of $1.04 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Walker & Dunlop Stock Up 1.9 %

Shares of NYSE:WD opened at $95.73 on Tuesday. The business has a fifty day moving average of $100.09 and a two-hundred day moving average of $86.24. The stock has a market cap of $3.20 billion, a P/E ratio of 27.43 and a beta of 1.56. Walker & Dunlop has a 52-week low of $61.06 and a 52-week high of $113.67.

Insider Buying and Selling

In other Walker & Dunlop news, Director Howard W. Smith III sold 20,000 shares of Walker & Dunlop stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $93.81, for a total value of $1,876,200.00. Following the transaction, the director now directly owns 191,508 shares in the company, valued at approximately $17,965,365.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Stephen P. Theobald sold 10,000 shares of Walker & Dunlop stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $105.62, for a total value of $1,056,200.00. Following the sale, the chief operating officer now directly owns 47,754 shares in the company, valued at $5,043,777.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Howard W. Smith III sold 20,000 shares of Walker & Dunlop stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $93.81, for a total value of $1,876,200.00. Following the completion of the sale, the director now owns 191,508 shares in the company, valued at $17,965,365.48. The disclosure for this sale can be found here. Insiders have sold 130,000 shares of company stock worth $12,945,700 in the last quarter. 5.47% of the stock is owned by insiders.

Institutional Trading of Walker & Dunlop

A number of institutional investors have recently modified their holdings of WD. Norges Bank acquired a new position in Walker & Dunlop during the fourth quarter worth $22,893,000. Bank of America Corp DE raised its holdings in shares of Walker & Dunlop by 170.3% in the first quarter. Bank of America Corp DE now owns 361,198 shares of the financial services provider’s stock worth $27,512,000 after acquiring an additional 227,577 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Walker & Dunlop by 27.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 954,795 shares of the financial services provider’s stock worth $74,933,000 after acquiring an additional 206,042 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Walker & Dunlop by 307.3% in the first quarter. First Trust Advisors LP now owns 197,590 shares of the financial services provider’s stock worth $15,050,000 after acquiring an additional 149,081 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Walker & Dunlop by 2.3% in the second quarter. BlackRock Inc. now owns 5,066,511 shares of the financial services provider’s stock worth $400,710,000 after acquiring an additional 115,934 shares during the last quarter. 77.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WD shares. Wedbush increased their price target on Walker & Dunlop from $110.00 to $130.00 and gave the company an “outperform” rating in a research report on Tuesday, January 2nd. StockNews.com raised Walker & Dunlop from a “sell” rating to a “hold” rating in a research report on Thursday, November 16th. Finally, Keefe, Bruyette & Woods lowered Walker & Dunlop from an “outperform” rating to a “market perform” rating and increased their price target for the company from $85.00 to $105.00 in a research report on Wednesday, December 13th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $117.50.

Get Our Latest Stock Analysis on Walker & Dunlop

Walker & Dunlop Company Profile

(Get Free Report)

Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate financing products and services for owners and developers of real estate in the United States. The company offers first mortgage, second trust, supplemental, construction, mezzanine, preferred equity, and small-balance loans.

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Earnings History for Walker & Dunlop (NYSE:WD)

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