Nuveen LLC Takes $32.21 Million Position in Frontdoor Inc. $FTDR

Key Points

• Nuveen LLC has acquired a new stake in Frontdoor Inc. (NASDAQ: FTDR) by purchasing 838,454 shares, valued at approximately $32.2 million, making up 1.14% of the company's total shares.
• Frontdoor reported a quarterly earnings per share of $1.63, outperforming analysts' expectations of $1.44, with a revenue of $617 million, reflecting a 13.8% increase compared to the previous year.
• Equities analysts have updated their price targets for Frontdoor, with Oppenheimer setting a target of $63 and Truist Financial at $71, indicating a generally positive outlook for the stock.

Nuveen LLC bought a new stake in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 838,454 shares of the company's stock, valued at approximately $32,213,000. Nuveen LLC owned 1.14% of Frontdoor as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in FTDR. Reinhart Partners LLC. grew its position in shares of Frontdoor by 16.2% in the 1st quarter. Reinhart Partners LLC. now owns 2,368,684 shares of the company's stock worth $91,005,000 after buying an additional 331,066 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of Frontdoor by 6.3% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,067,575 shares of the company's stock worth $113,034,000 after buying an additional 122,981 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Frontdoor by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,791,666 shares of the company's stock worth $97,952,000 after buying an additional 10,192 shares during the last quarter. Invesco Ltd. grew its position in shares of Frontdoor by 46.9% in the 1st quarter. Invesco Ltd. now owns 1,223,776 shares of the company's stock worth $47,017,000 after buying an additional 390,434 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Frontdoor by 10.4% in the 4th quarter. Northern Trust Corp now owns 933,652 shares of the company's stock worth $51,043,000 after buying an additional 88,215 shares during the last quarter.

Insider Transactions at Frontdoor

In other Frontdoor news, SVP Jeffrey Fiarman sold 129,673 shares of the business's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $56.15, for a total value of $7,281,138.95. Following the transaction, the senior vice president directly owned 34,646 shares of the company's stock, valued at approximately $1,945,372.90. The trade was a 78.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.48% of the company's stock.

Frontdoor Stock Down 0.6%

Shares of NASDAQ FTDR traded down $0.35 during midday trading on Thursday, hitting $58.51. The company's stock had a trading volume of 203,603 shares, compared to its average volume of 745,284. The business's fifty day simple moving average is $58.15 and its two-hundred day simple moving average is $51.39. The company has a debt-to-equity ratio of 4.56, a current ratio of 1.49 and a quick ratio of 1.49. Frontdoor Inc. has a 1 year low of $35.61 and a 1 year high of $64.91. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 17.26 and a beta of 1.32.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.44 by $0.19. Frontdoor had a net margin of 13.07% and a return on equity of 125.21%. The company had revenue of $617.00 million during the quarter, compared to the consensus estimate of $602.62 million. During the same quarter in the previous year, the firm earned $1.27 earnings per share. The firm's quarterly revenue was up 13.8% on a year-over-year basis. Frontdoor has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts predict that Frontdoor Inc. will post 3.07 EPS for the current year.

Wall Street Analysts Forecast Growth

FTDR has been the topic of a number of analyst reports. The Goldman Sachs Group lifted their price objective on shares of Frontdoor from $44.00 to $50.00 and gave the stock a "sell" rating in a research report on Wednesday, August 6th. Oppenheimer lifted their price objective on shares of Frontdoor from $56.00 to $63.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. JPMorgan Chase & Co. lifted their price objective 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. Finally, Truist Financial boosted their target price on shares of Frontdoor from $67.00 to $71.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Frontdoor has a consensus rating of "Hold" and a consensus price target of $59.75.

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.