Willis Investment Counsel Has $4.34 Million Stock Position in Frontdoor Inc. $FTDR

Key Points

• Willis Investment Counsel boosted its Frontdoor stake 40.5% in Q4 to 75,237 shares, now valued at about $4.34 million (roughly 0.10% of the company).
• Millennium Management notably increased its position by 533% in Q1 to 307,497 shares (≈$11.8 million), part of broader institutional buying that also included UBS, American Century and others.
• Frontdoor beat quarterly estimates with $0.23 EPS (vs. $0.11 est.) and $433M revenue, trades near $57 with a PE of ~16.7, and holds a consensus "Moderate Buy" with an average price target of $68.60.

Willis Investment Counsel lifted its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 40.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,237 shares of the company's stock after purchasing an additional 21,704 shares during the quarter. Willis Investment Counsel owned approximately 0.10% of Frontdoor worth $4,340,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FTDR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Frontdoor by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,846 shares of the company's stock worth $1,761,000 after purchasing an additional 1,994 shares during the last quarter. Millennium Management LLC increased its stake in shares of Frontdoor by 533.0% during the 1st quarter. Millennium Management LLC now owns 307,497 shares of the company's stock worth $11,814,000 after purchasing an additional 258,920 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Frontdoor by 10.5% during the 1st quarter. Empowered Funds LLC now owns 11,008 shares of the company's stock worth $423,000 after purchasing an additional 1,044 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Frontdoor by 5.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 237,526 shares of the company's stock worth $9,126,000 after purchasing an additional 13,134 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Frontdoor by 4.6% during the 2nd quarter. American Century Companies Inc. now owns 50,545 shares of the company's stock worth $2,979,000 after purchasing an additional 2,235 shares during the last quarter.

Frontdoor Stock Performance

NASDAQ:FTDR opened at $57.02 on Thursday. Frontdoor Inc. has a 1 year low of $36.85 and a 1 year high of $70.77. The firm's fifty day simple moving average is $59.16 and its 200 day simple moving average is $59.38. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 4.73. The firm has a market capitalization of $4.03 billion, a PE ratio of 16.72 and a beta of 1.41.

Frontdoor (NASDAQ:FTDR - Get Free Report) last posted its earnings results on Thursday, February 26th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.12. Frontdoor had a net margin of 12.18% and a return on equity of 120.79%. The business had revenue of $433.00 million for the quarter, compared to analyst estimates of $421.62 million. During the same period last year, the business posted $0.27 EPS. Frontdoor's revenue was up 13.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Frontdoor Inc. will post 3.07 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FTDR shares. Weiss Ratings lowered shares of Frontdoor from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday. Benchmark started coverage on shares of Frontdoor in a research note on Thursday, March 26th. They issued a "buy" rating and a $80.00 target price on the stock. Truist Financial set a $71.00 target price on shares of Frontdoor in a research note on Monday, January 26th. Wall Street Zen lowered shares of Frontdoor from a "buy" rating to a "hold" rating in a research note on Sunday, March 8th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $70.00 target price on shares of Frontdoor in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $68.60.

About Frontdoor

Frontdoor, Inc NASDAQ: FTDR is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.

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