Fort Washington Investment Advisors Inc. OH Trims Position in Frontdoor, Inc. (NASDAQ:FTDR)

Fort Washington Investment Advisors Inc. OH trimmed its position in Frontdoor, Inc. (NASDAQ:FTDR) by 14.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 601,136 shares of the company’s stock after selling 98,466 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Frontdoor were worth $32,864,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FTDR. American Century Companies Inc. lifted its stake in Frontdoor by 10.1% in the 2nd quarter. American Century Companies Inc. now owns 142,627 shares of the company’s stock worth $4,819,000 after purchasing an additional 13,093 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Frontdoor by 5.3% in the second 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. Intech Investment Management LLC purchased a new stake in shares of Frontdoor in the second quarter worth $285,000. Canada Pension Plan Investment Board bought a new stake in Frontdoor during the second quarter valued at $1,970,000. Finally, Sei Investments Co. boosted its stake in Frontdoor by 145.6% during the second quarter. Sei Investments Co. now owns 22,054 shares of the company’s stock valued at $745,000 after buying an additional 13,075 shares during the period.

Wall Street Analyst Weigh In

Several research firms have weighed in on FTDR. The Goldman Sachs Group raised their price target on Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a report on Tuesday, November 5th. Truist Financial lifted their target price on shares of Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. 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. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $49.50.

Frontdoor Price Performance

Shares of Frontdoor stock opened at $58.91 on Wednesday. The business’s 50-day moving average price is $56.87 and its 200-day moving average price is $50.13. The firm has a market capitalization of $4.47 billion, a PE ratio of 19.51 and a beta of 1.08. Frontdoor, Inc. has a 12 month low of $29.41 and a 12 month high of $60.42. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16.

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

Insider Buying and Selling at Frontdoor

In other Frontdoor news, SVP Kathryn M. Collins sold 25,784 shares of Frontdoor 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 directly owns 9,429 shares of the company’s stock, valued at $547,447.74. The trade was a 73.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Evan Iverson sold 16,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $58.84, for a total value of $941,440.00. Following the sale, the chief operating officer now directly owns 4,955 shares of the company’s stock, valued at approximately $291,552.20. This trade represents a 76.35 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.

Frontdoor Company 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.