Frontdoor Inc. $FTDR Shares Purchased by Fenimore Asset Management Inc

Fenimore Asset Management Inc boosted its holdings in Frontdoor Inc. (NASDAQ:FTDR) by 0.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 340,252 shares of the company’s stock after purchasing an additional 2,008 shares during the quarter. Fenimore Asset Management Inc’s holdings in Frontdoor were worth $20,054,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Boston Partners boosted its position in shares of Frontdoor by 1.2% during the 1st quarter. Boston Partners now owns 5,980,271 shares of the company’s stock worth $229,891,000 after acquiring an additional 68,733 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in Frontdoor by 33.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,752,723 shares of the company’s stock valued at $105,760,000 after purchasing an additional 685,148 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Frontdoor by 46.9% in the 1st quarter. Invesco Ltd. now owns 1,223,776 shares of the company’s stock valued at $47,017,000 after buying an additional 390,434 shares in the last quarter. Northern Trust Corp lifted its position in Frontdoor by 3.2% in the first quarter. Northern Trust Corp now owns 963,544 shares of the company’s stock valued at $37,019,000 after acquiring an additional 29,892 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Frontdoor in the first quarter valued at $32,213,000.

Frontdoor Trading Up 0.6%

NASDAQ:FTDR opened at $68.72 on Monday. The stock’s 50-day moving average is $62.22 and its two-hundred day moving average is $54.74. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.49 and a quick ratio of 1.49. Frontdoor Inc. has a fifty-two week low of $35.61 and a fifty-two week high of $69.36. The stock has a market cap of $5.01 billion, a PE ratio of 20.27 and a beta of 1.33.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.19. The company had revenue of $617.00 million during the quarter, compared to analysts’ expectations of $602.62 million. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%.The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.27 earnings per share. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts forecast that Frontdoor Inc. will post 3.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Jeffrey Fiarman sold 129,673 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $56.15, for a total value of $7,281,138.95. Following the completion of the transaction, the senior vice president owned 34,646 shares of the company’s stock, valued at $1,945,372.90. This represents a 78.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.48% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on FTDR shares. The Goldman Sachs Group increased their price objective on Frontdoor from $44.00 to $50.00 and gave the company a “sell” rating in a report on Wednesday, August 6th. Truist Financial upped their price target on shares of Frontdoor from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Frontdoor in a research report on Saturday, September 27th. Oppenheimer lifted their target price on Frontdoor from $56.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Finally, Zacks Research upgraded shares of Frontdoor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Frontdoor currently has an average rating of “Moderate Buy” and an average target price of $59.75.

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.