Fort Washington Investment Advisors Inc. OH Raises Stock Holdings in Frontdoor Inc. $FTDR

Fort Washington Investment Advisors Inc. OH lifted its stake in Frontdoor Inc. (NASDAQ:FTDR) by 18.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 744,513 shares of the company’s stock after buying an additional 116,722 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 1.03% of Frontdoor worth $42,951,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in FTDR. Invesco Ltd. increased its holdings in Frontdoor by 2.5% in the 3rd quarter. Invesco Ltd. now owns 1,108,815 shares of the company’s stock worth $74,612,000 after acquiring an additional 27,410 shares in the last quarter. Wasatch Advisors LP raised its stake in Frontdoor by 2.7% during the 3rd quarter. Wasatch Advisors LP now owns 968,286 shares of the company’s stock worth $65,156,000 after acquiring an additional 25,613 shares during the period. Broad Bay Capital Management LP purchased a new position in Frontdoor during the second quarter valued at approximately $46,886,000. Bank of America Corp DE boosted its position in shares of Frontdoor by 4.7% in the second quarter. Bank of America Corp DE now owns 699,289 shares of the company’s stock worth $41,216,000 after purchasing an additional 31,087 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Frontdoor by 2.3% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 488,874 shares of the company’s stock worth $32,897,000 after purchasing an additional 10,938 shares during the period.

Analyst Ratings Changes

Several brokerages have recently commented on FTDR. Weiss Ratings upgraded shares of Frontdoor from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. The Goldman Sachs Group upgraded Frontdoor from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $50.00 to $67.00 in a research report on Monday, March 2nd. Oppenheimer reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of Frontdoor in a research note on Thursday, February 26th. Wall Street Zen cut Frontdoor from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Finally, Truist Financial set a $71.00 target price on Frontdoor in a research note on Monday, January 26th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Frontdoor presently has a consensus rating of “Moderate Buy” and an average price target of $68.60.

Frontdoor Price Performance

Shares of NASDAQ:FTDR opened at $55.84 on Friday. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 16.38 and a beta of 1.31. The firm has a fifty day moving average price of $60.05 and a 200 day moving average price of $60.14. Frontdoor Inc. has a fifty-two week low of $35.61 and a fifty-two week high of $70.77. The company has a debt-to-equity ratio of 4.73, a quick ratio of 1.55 and a current ratio of 1.55.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.11 by $0.12. Frontdoor had a net margin of 12.18% and a return on equity of 120.79%. The business had revenue of $433.00 million for the quarter, compared to analysts’ expectations of $421.62 million. During the same quarter in the previous year, the company earned $0.27 EPS. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. As a group, sell-side analysts expect that Frontdoor Inc. will post 3.07 earnings per share for the current fiscal year.

Frontdoor Company Profile

Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.