Huntington National Bank Trims Stake in Frontdoor, Inc. (NASDAQ:FTDR)

Huntington National Bank lowered its position in Frontdoor, Inc. (NASDAQ:FTDR) by 20.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 721 shares of the company’s stock after selling 190 shares during the quarter. Huntington National Bank’s holdings in Frontdoor were worth $35,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Frontdoor by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 10,179,139 shares of the company’s stock worth $331,636,000 after buying an additional 373,091 shares in the last quarter. Boston Partners grew its position in Frontdoor by 8.9% in the first quarter. Boston Partners now owns 6,198,543 shares of the company’s stock worth $201,662,000 after acquiring an additional 506,217 shares in the last quarter. Reinhart Partners LLC. raised its position in Frontdoor by 1.8% during the second quarter. Reinhart Partners LLC. now owns 2,330,937 shares of the company’s stock valued at $78,762,000 after purchasing an additional 42,169 shares in the last quarter. Victory Capital Management Inc. raised its position in Frontdoor by 8.7% during the second quarter. Victory Capital Management Inc. now owns 2,176,056 shares of the company’s stock valued at $73,529,000 after purchasing an additional 173,624 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Frontdoor by 5.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,787,539 shares of the company’s stock worth $60,402,000 after purchasing an additional 89,301 shares during the last quarter.

Frontdoor Price Performance

Shares of Frontdoor stock opened at $54.10 on Wednesday. The stock has a market capitalization of $4.10 billion, a P/E ratio of 17.91 and a beta of 1.03. Frontdoor, Inc. has a one year low of $29.41 and a one year high of $58.86. 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 business’s 50 day simple moving average is $50.72 and its two-hundred day simple moving average is $43.23.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Monday, November 4th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.05 by $0.33. The company had revenue of $540.00 million for the quarter, compared to the consensus estimate of $541.88 million. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 earnings per share. Analysts forecast that Frontdoor, Inc. will post 3.14 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FTDR. Truist Financial raised their price objective on Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price target on shares of Frontdoor from $45.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, August 12th. The Goldman Sachs Group boosted their price objective on shares of Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a report on Tuesday, November 5th. Finally, William Blair raised shares of Frontdoor from a “market perform” rating to an “outperform” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Frontdoor presently has a consensus rating of “Hold” and a consensus target price of $49.50.

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.