Frontdoor, Inc. (NASDAQ:FTDR) Shares Acquired by Pullen Investment Management LLC

Pullen Investment Management LLC boosted its position in Frontdoor, Inc. (NASDAQ:FTDR) by 34.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,949 shares of the company’s stock after buying an additional 4,093 shares during the quarter. Pullen Investment Management LLC’s holdings in Frontdoor were worth $613,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of FTDR. Bessemer Group Inc. grew its position in shares of Frontdoor by 514.7% in the 4th quarter. Bessemer Group Inc. now owns 627 shares of the company’s stock worth $34,000 after acquiring an additional 525 shares in the last quarter. TD Private Client Wealth LLC lifted its stake in Frontdoor by 12.9% during the fourth quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company’s stock worth $87,000 after purchasing an additional 183 shares during the last quarter. Blue Trust Inc. boosted its holdings in Frontdoor by 315.3% in the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock worth $89,000 after purchasing an additional 1,239 shares during the period. GAMMA Investing LLC boosted its holdings in Frontdoor by 16.5% in the first quarter. GAMMA Investing LLC now owns 2,447 shares of the company’s stock worth $94,000 after purchasing an additional 347 shares during the period. Finally, Nkcfo LLC bought a new stake in Frontdoor during the fourth quarter valued at $96,000.

Frontdoor Price Performance

Shares of FTDR opened at $56.43 on Friday. Frontdoor, Inc. has a 12 month low of $32.95 and a 12 month high of $63.49. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a fifty day moving average price of $49.37 and a 200 day moving average price of $51.15. The company has a market cap of $4.15 billion, a P/E ratio of 18.69 and a beta of 1.27.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.37 by $0.27. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The business had revenue of $426.00 million during the quarter, compared to analyst estimates of $416.37 million. During the same quarter in the prior year, the firm earned $0.44 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. On average, research analysts forecast that Frontdoor, Inc. will post 3.07 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on FTDR shares. JPMorgan Chase & Co. raised their price target on shares of Frontdoor from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 3rd. 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. Finally, Truist Financial raised their target price on shares of Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, February 14th.

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.