Frontdoor, Inc. (NASDAQ:FTDR) Shares Bought by Willis Investment Counsel

Willis Investment Counsel raised its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,753 shares of the company’s stock after purchasing an additional 185 shares during the quarter. Willis Investment Counsel’s holdings in Frontdoor were worth $2,556,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Castellan Group acquired a new stake in Frontdoor during the third quarter valued at approximately $5,881,000. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Frontdoor by 357.1% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 140,800 shares of the company’s stock valued at $4,758,000 after buying an additional 110,000 shares in the last quarter. Moody Aldrich Partners LLC acquired a new stake in shares of Frontdoor during the third quarter valued at approximately $4,810,000. Harbor Capital Advisors Inc. lifted its holdings in shares of Frontdoor by 84.0% in the third quarter. Harbor Capital Advisors Inc. now owns 184,408 shares of the company’s stock valued at $8,850,000 after purchasing an additional 84,167 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Frontdoor by 3.7% during the third quarter. Geode Capital Management LLC now owns 2,113,474 shares of the company’s stock valued at $101,442,000 after buying an additional 74,542 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on FTDR shares. Truist Financial upped their target price on Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. The Goldman Sachs Group upped their target price on Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Frontdoor presently has an average rating of “Hold” and a consensus target price of $49.50.

Frontdoor Stock Performance

Shares of NASDAQ FTDR opened at $59.88 on Monday. The business’s 50-day simple moving average is $57.55 and its 200-day simple moving average is $51.54. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. Frontdoor, Inc. has a 52 week low of $29.41 and a 52 week high of $63.49. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of 19.83 and a beta of 1.08.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings results on Monday, November 4th. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.33. The company had revenue of $540.00 million for the quarter, compared to analyst estimates of $541.88 million. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.94 earnings per share. As a group, equities research analysts expect that Frontdoor, Inc. will post 3.15 earnings per share for the current fiscal year.

Insider Activity at Frontdoor

In other Frontdoor news, COO Evan Iverson sold 16,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total value of $941,440.00. Following the sale, the chief operating officer now owns 4,955 shares of the company’s stock, valued at $291,552.20. This trade represents a 76.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Kathryn M. Collins sold 25,784 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $58.06, for a total value of $1,497,019.04. Following the transaction, the senior vice president now owns 9,429 shares of the company’s stock, valued at approximately $547,447.74. This trade represents a 73.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by company insiders.

About Frontdoor

Frontdoor, Inc provides home warranties in the United States in the United States. Its customizable home warranties help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. The company’s home warranty customers subscribe to an annual service plan agreement that covers the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and heating, ventilation, and air conditioning systems.