Willis Investment Counsel boosted its position in Frontdoor Inc. (NASDAQ:FTDR – Free Report) by 8.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 130,082 shares of the company’s stock after buying an additional 10,183 shares during the quarter. Willis Investment Counsel’s holdings in Frontdoor were worth $9,512,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Keating Financial Advisory Services Inc. acquired a new position in Frontdoor in the second quarter valued at approximately $25,000. Public Employees Retirement System of Ohio acquired a new position in Frontdoor during the 2nd quarter valued at approximately $58,000. Global Retirement Partners LLC bought a new position in Frontdoor during the 2nd quarter worth $83,000. Plato Investment Management Ltd bought a new position in shares of Frontdoor during the second quarter worth about $83,000. Finally, C M Bidwell & Associates Ltd. bought a new position in Frontdoor in the 2nd quarter worth about $100,000.
Wall Street Analysts Forecast Growth
FTDR has been the topic of a number of research analyst reports. Weiss Ratings lowered Frontdoor from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, October 6th. JPMorgan Chase & Co. began coverage on Frontdoor in a research report on Monday, August 24th. They set a “neutral” rating and a $95.00 price objective for the company. Wolfe Research raised Frontdoor to an “outperform” rating in a research note on Monday, August 24th. Benchmark boosted their price objective on Frontdoor from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, Oppenheimer boosted their price objective on Frontdoor from $70.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $95.40.
Read Our Latest Stock Report on FTDR
Frontdoor Stock Up 1.9%
Shares of FTDR stock traded up $1.54 during trading on Tuesday, hitting $81.38. 325,659 shares of the company were exchanged, compared to its average volume of 601,122. The business’s 50-day simple moving average is $79.82 and its 200 day simple moving average is $72.04. The company has a debt-to-equity ratio of 3.98, a quick ratio of 1.59 and a current ratio of 1.59. Frontdoor Inc. has a twelve month low of $48.47 and a twelve month high of $93.43. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 21.62 and a beta of 1.53.
Frontdoor (NASDAQ:FTDR – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.17. Frontdoor had a net margin of 12.72% and a return on equity of 120.90%. The business had revenue of $645.00 million for the quarter, compared to the consensus estimate of $643.40 million. During the same period in the prior year, the business posted $1.63 earnings per share. Frontdoor’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, analysts forecast that Frontdoor Inc. will post 4.67 EPS for the current fiscal year.
Frontdoor Company Profile
Frontdoor, Inc (NASDAQ: FTDR) is a provider of home warranties and related home repair services. The company helps homeowners manage the cost and complexity of maintaining household systems and appliances, including heating and cooling equipment, plumbing, electrical systems, water heaters and major kitchen appliances.
Frontdoor operates primarily through its American Home Shield brand, which offers home service plans and access to a network of professional contractors. The company also provides digital tools and services designed to help homeowners diagnose household problems, request service and connect with qualified professionals.
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