Fuller & Thaler Asset Management Inc. Boosts Stake in Frontdoor, Inc. (NASDAQ:FTDR)

Fuller & Thaler Asset Management Inc. raised its position in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,067,575 shares of the company's stock after acquiring an additional 122,981 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 2.73% of Frontdoor worth $113,034,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Frontdoor by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 9,674,278 shares of the company's stock worth $528,893,000 after buying an additional 78,134 shares during the period. FIL Ltd lifted its position in shares of Frontdoor by 8.3% during the 4th quarter. FIL Ltd now owns 2,410,561 shares of the company's stock worth $131,785,000 after buying an additional 184,051 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Frontdoor by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 2,127,553 shares of the company's stock valued at $116,336,000 after buying an additional 14,079 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Frontdoor by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,791,666 shares of the company's stock valued at $97,952,000 after buying an additional 10,192 shares during the last quarter. Finally, Wasatch Advisors LP acquired a new stake in Frontdoor during the 4th quarter worth $56,507,000.

Wall Street Analyst Weigh In

A number of research firms have recently commented on FTDR. Truist Financial lifted their target price on Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. lowered shares of Frontdoor from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $58.00 to $40.00 in a research report on Tuesday. Finally, The Goldman Sachs Group dropped their price objective on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $46.50.

Frontdoor Stock Performance

NASDAQ:FTDR opened at $39.94 on Wednesday. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 13.23 and a beta of 1.19. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. Frontdoor, Inc. has a 1-year low of $30.31 and a 1-year high of $63.49. The firm's fifty day moving average price is $42.68 and its 200 day moving average price is $51.29.

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.

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