Frontdoor Inc. $FTDR Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR) by 56.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,667 shares of the company’s stock after buying an additional 41,196 shares during the period. Thrivent Financial for Lutherans’ holdings in Frontdoor were worth $7,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arizona State Retirement System raised its position in Frontdoor by 0.9% during the third quarter. Arizona State Retirement System now owns 21,758 shares of the company’s stock worth $1,464,000 after acquiring an additional 193 shares during the period. KLP Kapitalforvaltning AS increased its stake in shares of Frontdoor by 0.6% during the second quarter. KLP Kapitalforvaltning AS now owns 33,700 shares of the company’s stock worth $1,986,000 after purchasing an additional 200 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Frontdoor by 6.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,726 shares of the company’s stock worth $251,000 after purchasing an additional 240 shares during the last quarter. Snowden Capital Advisors LLC raised its position in shares of Frontdoor by 4.1% during the 2nd quarter. Snowden Capital Advisors LLC now owns 6,407 shares of the company’s stock worth $378,000 after purchasing an additional 250 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Frontdoor by 15.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,848 shares of the company’s stock valued at $124,000 after buying an additional 251 shares in the last quarter.

Frontdoor Price Performance

FTDR stock opened at $57.14 on Friday. Frontdoor Inc. has a 1 year low of $35.61 and a 1 year high of $70.14. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a market capitalization of $4.12 billion, a PE ratio of 16.28 and a beta of 1.34. The business has a 50 day simple moving average of $57.40 and a 200-day simple moving average of $59.80.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data on Wednesday, November 5th. The company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.09. Frontdoor had a return on equity of 122.74% and a net margin of 12.87%.The company had revenue of $618.00 million for the quarter, compared to analyst estimates of $610.77 million. During the same quarter in the previous year, the company posted $1.38 earnings per share. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. Equities research analysts anticipate that Frontdoor Inc. will post 3.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on FTDR. Wall Street Zen lowered Frontdoor from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Zacks Research lowered Frontdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Truist Financial set a $71.00 price objective on Frontdoor in a research note on Monday, January 26th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Frontdoor in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $59.75.

Frontdoor Profile

Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.