Moody Aldrich Partners LLC Invests $4.81 Million in Frontdoor, Inc. (NASDAQ:FTDR)

Moody Aldrich Partners LLC bought a new stake in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 100,227 shares of the company's stock, valued at approximately $4,810,000. Moody Aldrich Partners LLC owned approximately 0.13% of Frontdoor at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Diversified Trust Co grew its holdings in shares of Frontdoor by 2.5% in the third quarter. Diversified Trust Co now owns 12,130 shares of the company's stock valued at $582,000 after purchasing an additional 299 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in shares of Frontdoor by 0.7% in the first quarter. Illinois Municipal Retirement Fund now owns 46,552 shares of the company's stock worth $1,517,000 after acquiring an additional 321 shares in the last quarter. Tidal Investments LLC increased its position in shares of Frontdoor by 2.2% during the first quarter. Tidal Investments LLC now owns 15,740 shares of the company's stock worth $513,000 after acquiring an additional 344 shares during the period. CWM LLC raised its stake in shares of Frontdoor by 15.8% in the third quarter. CWM LLC now owns 2,695 shares of the company's stock valued at $129,000 after acquiring an additional 367 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Frontdoor by 90.7% in the second quarter. GAMMA Investing LLC now owns 879 shares of the company's stock valued at $30,000 after purchasing an additional 418 shares during the period.

Analyst Upgrades and Downgrades

FTDR has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target on Frontdoor from $45.00 to $55.00 and gave the stock an "overweight" rating in a report on Monday, August 12th. The Goldman Sachs Group upped their target price on shares of Frontdoor from $33.00 to $41.00 and gave the stock a "sell" rating in a research note on Friday, August 2nd. William Blair upgraded shares of Frontdoor from a "market perform" rating to an "outperform" rating in a research note on Friday, August 2nd. Finally, Truist Financial increased their price objective on shares of Frontdoor from $45.00 to $56.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $47.75.

Frontdoor Stock Up 0.4 %

Shares of NASDAQ FTDR traded up $0.20 during midday trading on Thursday, hitting $50.21. 470,917 shares of the company's stock were exchanged, compared to its average volume of 729,103. The firm's fifty day simple moving average is $48.49 and its 200-day simple moving average is $40.19. The company has a market cap of $3.91 billion, a PE ratio of 22.02 and a beta of 1.04. Frontdoor, Inc. has a twelve month low of $28.25 and a twelve month high of $53.10. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.27 and a quick ratio of 1.27.

Frontdoor (NASDAQ:FTDR - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.00 by $0.27. Frontdoor had a net margin of 11.38% and a return on equity of 132.94%. The company had revenue of $542.00 million for the quarter, compared to analyst estimates of $536.74 million. During the same period in the prior year, the firm posted $0.87 earnings per share. The firm's revenue was up 3.6% on a year-over-year basis. Research analysts predict that Frontdoor, Inc. will post 2.79 EPS for the current fiscal year.

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.