Frontdoor Inc. $FTDR Stock: Westover Capital Advisors LLC Grows Holdings

Westover Capital Advisors LLC increased its position in shares of Frontdoor Inc. (NASDAQ:FTDR) by 28.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,499 shares of the company’s stock after acquiring an additional 11,704 shares during the period. Westover Capital Advisors LLC owned approximately 0.08% of Frontdoor worth $3,839,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FTDR. Pullen Investment Management LLC raised its holdings in Frontdoor by 0.6% during the 3rd quarter. Pullen Investment Management LLC now owns 48,078 shares of the company’s stock worth $3,515,000 after buying an additional 283 shares during the period. Fifth Third Wealth Advisors LLC lifted its position in Frontdoor by 146.4% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 7,462 shares of the company’s stock worth $546,000 after buying an additional 4,433 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of Frontdoor by 838.1% during the third quarter. Sterling Capital Management LLC now owns 2,364 shares of the company’s stock worth $173,000 after acquiring an additional 2,112 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Frontdoor by 65.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 4,792 shares of the company’s stock valued at $350,000 after buying an additional 1,898 shares during the last quarter. Finally, Willis Investment Counsel grew its position in Frontdoor by 8.5% in the third quarter. Willis Investment Counsel now owns 130,082 shares of the company’s stock worth $9,512,000 after acquiring an additional 10,183 shares in the last quarter.

Analyst Upgrades and Downgrades

FTDR has been the subject of several recent analyst reports. Benchmark upped their price target on Frontdoor from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Oppenheimer boosted their price objective on shares of Frontdoor from $70.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Truist Financial raised their target price on Frontdoor from $82.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Frontdoor from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, October 21st. Finally, The Goldman Sachs Group reduced their target price on shares of Frontdoor from $91.00 to $81.00 and set a “neutral” rating on the stock in a research note on Monday, October 12th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.40.

Frontdoor Stock Performance

Frontdoor stock opened at $83.93 on Tuesday. Frontdoor Inc. has a 1 year low of $48.47 and a 1 year high of $93.43. The company has a market cap of $5.78 billion, a PE ratio of 22.26 and a beta of 1.53. 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 company’s 50-day moving average is $79.68 and its two-hundred day moving average is $68.81.

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

Frontdoor Profile

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.