Heritage Investors Management Corp Invests $227,000 in Walker & Dunlop, Inc. (NYSE:WD)

Heritage Investors Management Corp acquired a new stake in shares of Walker & Dunlop, Inc. (NYSE:WD) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 2,000 shares of the financial services provider’s stock, valued at approximately $227,000.

Several other large investors have also bought and sold shares of the company. BSW Wealth Partners boosted its position in Walker & Dunlop by 54.9% during the 3rd quarter. BSW Wealth Partners now owns 28,077 shares of the financial services provider’s stock valued at $3,189,000 after acquiring an additional 9,955 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in Walker & Dunlop by 3.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 9,326 shares of the financial services provider’s stock valued at $1,059,000 after acquiring an additional 307 shares in the last quarter. Ceredex Value Advisors LLC bought a new stake in Walker & Dunlop during the 3rd quarter valued at approximately $8,156,000. US Bancorp DE boosted its position in Walker & Dunlop by 57.2% during the 3rd quarter. US Bancorp DE now owns 6,339 shares of the financial services provider’s stock valued at $720,000 after acquiring an additional 2,306 shares in the last quarter. Finally, Arkadios Wealth Advisors bought a new stake in Walker & Dunlop during the 3rd quarter valued at approximately $332,000. 80.97% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, COO Stephen P. Theobald sold 13,870 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $106.10, for a total value of $1,471,607.00. Following the completion of the transaction, the chief operating officer now directly owns 53,869 shares in the company, valued at $5,715,500.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.26% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on WD shares. Keefe, Bruyette & Woods lifted their price objective on Walker & Dunlop from $105.00 to $112.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. StockNews.com upgraded shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Sunday, August 11th. Wedbush lifted their target price on shares of Walker & Dunlop from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Finally, Wolfe Research upgraded shares of Walker & Dunlop to a “strong-buy” rating in a report on Tuesday, September 24th.

Walker & Dunlop Stock Performance

WD stock opened at $110.89 on Wednesday. The firm has a 50 day moving average price of $109.93 and a 200-day moving average price of $102.70. Walker & Dunlop, Inc. has a 52-week low of $68.88 and a 52-week high of $116.51. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 42.81 and a beta of 1.55.

Walker & Dunlop (NYSE:WD) last announced its quarterly earnings data on Thursday, August 8th. The financial services provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. Walker & Dunlop had a net margin of 8.41% and a return on equity of 9.65%. The company had revenue of $270.70 million during the quarter, compared to analyst estimates of $274.50 million. During the same period in the previous year, the business earned $0.98 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. As a group, sell-side analysts forecast that Walker & Dunlop, Inc. will post 5.32 earnings per share for the current fiscal year.

Walker & Dunlop Company Profile

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. It operates through three segments: Capital Markets, Servicing & Asset Management, and Corporate.