Moody Aldrich Partners LLC Purchases New Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Moody Aldrich Partners LLC purchased a new stake in Frontdoor, Inc. (NASDAQ:FTDR) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 100,227 shares of the company’s stock, valued at approximately $4,810,000. Moody Aldrich Partners LLC owned 0.13% of Frontdoor as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Frontdoor by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 10,179,139 shares of the company’s stock worth $331,636,000 after purchasing an additional 373,091 shares during the period. Boston Partners increased its position in Frontdoor by 8.9% during the 1st quarter. Boston Partners now owns 6,198,543 shares of the company’s stock worth $201,662,000 after purchasing an additional 506,217 shares during the period. Reinhart Partners LLC. increased its position in Frontdoor by 1.8% during the 2nd quarter. Reinhart Partners LLC. now owns 2,330,937 shares of the company’s stock worth $78,762,000 after purchasing an additional 42,169 shares during the period. Victory Capital Management Inc. increased its position in Frontdoor by 8.7% during the 2nd quarter. Victory Capital Management Inc. now owns 2,176,056 shares of the company’s stock worth $73,529,000 after purchasing an additional 173,624 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Frontdoor by 5.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,787,539 shares of the company’s stock worth $60,402,000 after purchasing an additional 89,301 shares during the period.

Frontdoor Price Performance

Shares of NASDAQ:FTDR traded up $0.15 during trading on Thursday, hitting $50.16. 55,443 shares of the stock were exchanged, compared to its average volume of 727,086. The company has a fifty day moving average price of $48.42 and a two-hundred day moving average price of $40.12. The company has a market cap of $3.90 billion, a PE ratio of 21.93 and a beta of 1.04. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 2.66. Frontdoor, Inc. has a 12-month low of $28.25 and a 12-month high of $53.10.

Frontdoor (NASDAQ:FTDR) last posted its earnings results on Thursday, August 1st. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.27. Frontdoor had a return on equity of 132.94% and a net margin of 11.38%. The firm had revenue of $542.00 million for the quarter, compared to analyst estimates of $536.74 million. During the same quarter in the prior year, the company earned $0.87 EPS. Frontdoor’s revenue was up 3.6% on a year-over-year basis. On average, analysts forecast that Frontdoor, Inc. will post 2.79 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on FTDR shares. Truist Financial boosted their target price on Frontdoor from $45.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. The Goldman Sachs Group boosted their target price on Frontdoor from $33.00 to $41.00 and gave the stock a “sell” rating in a research report on Friday, August 2nd. William Blair raised Frontdoor from a “market perform” rating to an “outperform” rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. boosted their price target on Frontdoor from $45.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, August 12th. One equities 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. Based on data from MarketBeat, Frontdoor presently has a consensus rating of “Hold” and a consensus price target of $47.75.

Frontdoor Profile

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.