Truist Financial Corp Invests $253,000 in Frontdoor Inc. $FTDR

Key Points

• Truist Financial Corp has acquired a new stake in Frontdoor Inc., purchasing 4,292 shares valued at approximately $253,000 during Q2.
• Insider selling was significant, with SVP Jeffrey Fiarman selling 129,673 shares for over $7.28 million, reducing his position by nearly 79%.
• Frontdoor reported strong earnings with an EPS of $1.63, surpassing estimates, and a revenue of $617 million, reflecting a year-over-year growth of 13.8%.

Truist Financial Corp purchased a new stake in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,292 shares of the company's stock, valued at approximately $253,000.

Other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new position in Frontdoor in the first quarter worth approximately $42,000. IFP Advisors Inc increased its holdings in shares of Frontdoor by 80,766.7% in the first quarter. IFP Advisors Inc now owns 2,426 shares of the company's stock worth $93,000 after purchasing an additional 2,423 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Frontdoor by 16.5% in the first quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock worth $94,000 after purchasing an additional 347 shares during the last quarter. CWM LLC increased its holdings in shares of Frontdoor by 91.2% in the first quarter. CWM LLC now owns 2,574 shares of the company's stock worth $99,000 after purchasing an additional 1,228 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Frontdoor by 70.3% in the 1st quarter. Blue Trust Inc. now owns 2,780 shares of the company's stock worth $107,000 after acquiring an additional 1,148 shares during the last quarter.

Insider Transactions at Frontdoor

In other Frontdoor news, SVP Jeffrey Fiarman sold 129,673 shares of Frontdoor stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $56.15, for a total transaction of $7,281,138.95. Following the completion of the sale, the senior vice president directly owned 34,646 shares of the company's stock, valued at $1,945,372.90. The trade was a 78.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.48% of the stock is owned by company insiders.

Analysts Set New Price Targets

FTDR has been the topic of a number of research reports. The Goldman Sachs Group lifted their price objective on Frontdoor from $44.00 to $50.00 and gave the stock a "sell" rating in a research note on Wednesday, August 6th. Truist Financial boosted their target price on shares of Frontdoor from $67.00 to $71.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Zacks Research cut shares of Frontdoor from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 10th. Weiss Ratings cut Frontdoor from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, October 8th. Finally, Oppenheimer raised their price objective on Frontdoor from $56.00 to $63.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $59.75.

Frontdoor Stock Performance

NASDAQ FTDR opened at $65.90 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.56. The stock has a market cap of $4.80 billion, a PE ratio of 19.44 and a beta of 1.33. The stock has a fifty day simple moving average of $63.85 and a 200-day simple moving average of $56.39. Frontdoor Inc. has a twelve month low of $35.61 and a twelve month high of $69.36.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.44 by $0.19. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%.The business had revenue of $617.00 million during the quarter, compared to analyst estimates of $602.62 million. During the same period last year, the business posted $1.27 earnings per share. The company'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. Equities analysts anticipate that Frontdoor Inc. will post 3.07 earnings per share for the current year.

Frontdoor 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.

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