Frontdoor Inc. (NASDAQ:FTDR) Shares Acquired by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC increased its position in Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 8.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,612 shares of the company's stock after buying an additional 8,197 shares during the period. Moody Aldrich Partners LLC owned 0.14% of Frontdoor worth $4,058,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its position in Frontdoor by 2.3% during the first quarter. Principal Financial Group Inc. now owns 408,982 shares of the company's stock valued at $15,713,000 after purchasing an additional 9,161 shares during the period. Cavalier Investments LLC purchased a new stake in Frontdoor during the first quarter valued at approximately $1,179,000. Illinois Municipal Retirement Fund raised its position in Frontdoor by 9.5% during the first quarter. Illinois Municipal Retirement Fund now owns 44,584 shares of the company's stock valued at $1,713,000 after purchasing an additional 3,877 shares during the period. Robeco Institutional Asset Management B.V. raised its position in Frontdoor by 21.4% during the first quarter. Robeco Institutional Asset Management B.V. now owns 92,581 shares of the company's stock valued at $3,557,000 after purchasing an additional 16,349 shares during the period. Finally, Archford Capital Strategies LLC purchased a new stake in Frontdoor during the first quarter valued at approximately $715,000.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upped their price objective on Frontdoor from $50.00 to $55.00 and gave the company a "neutral" rating in a research report on Tuesday, June 3rd.

Frontdoor Stock Down 2.0%

Shares of FTDR traded down $1.18 during midday trading on Monday, reaching $58.75. 650,356 shares of the stock were exchanged, compared to its average volume of 723,218. Frontdoor Inc. has a 52 week low of $32.95 and a 52 week high of $63.49. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.88. The company's 50 day moving average is $54.98 and its two-hundred day moving average is $51.10. The company has a market capitalization of $4.32 billion, a P/E ratio of 19.01 and a beta of 1.28.

Frontdoor (NASDAQ:FTDR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.27. Frontdoor had a return on equity of 121.05% and a net margin of 12.59%. The business had revenue of $426.00 million for the quarter, compared to the consensus estimate of $416.37 million. During the same quarter in the prior year, the company earned $0.44 EPS. The business's revenue was up 12.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Frontdoor Inc. will post 3.07 earnings per share for the current year.

About Frontdoor

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.