Fort Washington Investment Advisors Inc. OH Has $29.91 Million Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Fort Washington Investment Advisors Inc. OH decreased its holdings in Frontdoor, Inc. (NASDAQ:FTDR) by 7.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 885,303 shares of the company’s stock after selling 74,935 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 1.14% of Frontdoor worth $29,914,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund grew its stake in Frontdoor by 0.7% in the 1st quarter. Illinois Municipal Retirement Fund now owns 46,552 shares of the company’s stock valued at $1,517,000 after purchasing an additional 321 shares during the period. Quadrant Capital Group LLC increased its holdings in Frontdoor by 13.7% during the fourth quarter. Quadrant Capital Group LLC now owns 2,839 shares of the company’s stock worth $100,000 after buying an additional 341 shares during the last quarter. Tidal Investments LLC raised its position in Frontdoor by 2.2% in 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. GAMMA Investing LLC raised its position in Frontdoor by 90.7% in the second quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock worth $30,000 after acquiring an additional 418 shares during the period. Finally, Handelsbanken Fonder AB boosted its stake in Frontdoor by 6.1% in the fourth quarter. Handelsbanken Fonder AB now owns 13,900 shares of the company’s stock valued at $490,000 after acquiring an additional 800 shares during the last quarter.

Frontdoor Stock Performance

Shares of NASDAQ FTDR traded up $0.53 during mid-day trading on Friday, hitting $48.08. The company had a trading volume of 622,877 shares, compared to its average volume of 756,919. The company has a current ratio of 1.27, a quick ratio of 1.14 and a debt-to-equity ratio of 2.66. Frontdoor, Inc. has a 1 year low of $28.25 and a 1 year high of $49.21. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 21.09 and a beta of 0.99. The stock’s 50-day moving average price is $40.43 and its 200-day moving average price is $35.61.

Frontdoor (NASDAQ:FTDR) last posted its earnings results on Thursday, August 1st. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.27. Frontdoor had a return on equity of 132.94% and a net margin of 11.38%. The business had revenue of $542.00 million during the quarter, compared to analyst estimates of $536.74 million. During the same quarter in the previous year, the firm earned $0.87 EPS. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, sell-side analysts forecast that Frontdoor, Inc. will post 2.52 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on FTDR shares. William Blair raised shares of Frontdoor from a “market perform” rating to an “outperform” rating in a report on Friday, August 2nd. Truist Financial boosted their target price on Frontdoor from $45.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. The Goldman Sachs Group increased their price target on Frontdoor from $33.00 to $41.00 and gave the stock a “sell” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. boosted their price objective on Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, August 12th. Finally, Wells Fargo & Company increased their target price on shares of Frontdoor from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday, May 6th. One 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’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $47.75.

Frontdoor Company 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.