Fenimore Asset Management Inc Increases Position in Frontdoor Inc. $FTDR

Fenimore Asset Management Inc grew its position in Frontdoor Inc. (NASDAQ:FTDR) by 0.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 340,252 shares of the company’s stock after purchasing an additional 2,008 shares during the period. Fenimore Asset Management Inc owned approximately 0.46% of Frontdoor worth $20,054,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. QRG Capital Management Inc. boosted its holdings in shares of Frontdoor by 8.6% in the 2nd quarter. QRG Capital Management Inc. now owns 8,870 shares of the company’s stock valued at $523,000 after acquiring an additional 702 shares during the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new position in Frontdoor during the second quarter valued at $299,000. Truist Financial Corp purchased a new stake in Frontdoor in the second quarter valued at $253,000. State of Alaska Department of Revenue grew its position in Frontdoor by 4.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 43,806 shares of the company’s stock worth $2,581,000 after purchasing an additional 1,792 shares during the period. Finally, TD Private Client Wealth LLC raised its stake in shares of Frontdoor by 14.4% during the 2nd quarter. TD Private Client Wealth LLC now owns 3,588 shares of the company’s stock valued at $211,000 after buying an additional 452 shares during the last quarter.

Frontdoor Price Performance

Frontdoor stock opened at $68.72 on Monday. The company’s 50 day simple moving average is $62.22 and its 200-day simple moving average is $54.74. The company has a debt-to-equity ratio of 4.56, a quick ratio of 1.49 and a current ratio of 1.49. Frontdoor Inc. has a 1 year low of $35.61 and a 1 year high of $69.36. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 20.27 and a beta of 1.33.

Frontdoor (NASDAQ:FTDR) last announced its earnings results on Tuesday, August 5th. The company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.19. The company had revenue of $617.00 million for the quarter, compared to analyst estimates of $602.62 million. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%.The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.27 earnings per share. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts expect that Frontdoor Inc. will post 3.07 earnings per share for the current year.

Insider Activity at Frontdoor

In other Frontdoor news, SVP Jeffrey Fiarman sold 129,673 shares of the business’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $56.15, for a total value of $7,281,138.95. Following the completion of the transaction, the senior vice president owned 34,646 shares in the company, valued at $1,945,372.90. The trade was a 78.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.48% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on FTDR. Weiss Ratings restated a “buy (b-)” rating on shares of Frontdoor in a research report on Saturday, September 27th. Oppenheimer increased their target price on shares of Frontdoor from $56.00 to $63.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Zacks Research upgraded Frontdoor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 27th. Truist Financial upped their price target on Frontdoor from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Finally, The Goldman Sachs Group increased their price target on Frontdoor from $44.00 to $50.00 and gave the stock a “sell” rating in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $59.75.

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.