Frontdoor Inc. $FTDR Stock Bought by Willis Investment Counsel

Willis Investment Counsel boosted its stake in Frontdoor Inc. (NASDAQ:FTDR) by 8.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 130,082 shares of the company’s stock after buying an additional 10,183 shares during the period. Willis Investment Counsel owned approximately 0.19% of Frontdoor worth $9,512,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Keating Financial Advisory Services Inc. acquired a new stake in Frontdoor during the 2nd quarter worth approximately $25,000. Public Employees Retirement System of Ohio acquired a new stake in Frontdoor during the 2nd quarter worth $58,000. Plato Investment Management Ltd purchased a new stake in shares of Frontdoor in the 2nd quarter valued at about $83,000. Global Retirement Partners LLC acquired a new stake in shares of Frontdoor in the second quarter valued at approximately $83,000. Finally, C M Bidwell & Associates Ltd. purchased a new position in Frontdoor during the 2nd quarter worth $100,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Oppenheimer upped their price target on Frontdoor from $70.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. The Goldman Sachs Group decreased their price objective on shares of Frontdoor from $91.00 to $81.00 and set a “neutral” rating on the stock in a report on Monday, October 12th. JPMorgan Chase & Co. started coverage on Frontdoor in a research note on Monday, August 24th. They set a “neutral” rating and a $95.00 price target for the company. Weiss Ratings lowered Frontdoor from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, October 6th. Finally, Truist Financial raised their price target on shares of Frontdoor from $82.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $95.40.

Frontdoor Trading Up 1.9%

Shares of Frontdoor stock traded up $1.54 during trading hours on Tuesday, reaching $81.38. The stock had a trading volume of 325,659 shares, compared to its average volume of 601,122. Frontdoor Inc. has a 1 year low of $48.47 and a 1 year high of $93.43. The firm has a 50 day simple moving average of $79.82 and a two-hundred day simple moving average of $72.04. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 3.98. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 21.62 and a beta of 1.53.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.17. The company had revenue of $645.00 million during the quarter, compared to the consensus estimate of $643.40 million. Frontdoor had a net margin of 12.72% and a return on equity of 120.90%. Frontdoor’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.63 earnings per share. As a group, equities research analysts anticipate that Frontdoor Inc. will post 4.67 earnings per share for the current year.

About Frontdoor

Frontdoor, Inc (NASDAQ: FTDR) is a provider of home warranties and related home repair services. The company helps homeowners manage the cost and complexity of maintaining household systems and appliances, including heating and cooling equipment, plumbing, electrical systems, water heaters and major kitchen appliances.

Frontdoor operates primarily through its American Home Shield brand, which offers home service plans and access to a network of professional contractors. The company also provides digital tools and services designed to help homeowners diagnose household problems, request service and connect with qualified professionals.