Fenimore Asset Management Inc Trims Stock Position in Frontdoor, Inc. (NASDAQ:FTDR)

Fenimore Asset Management Inc decreased its stake in Frontdoor, Inc. (NASDAQ:FTDR) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 335,962 shares of the company’s stock after selling 1,227 shares during the quarter. Fenimore Asset Management Inc owned approximately 0.44% of Frontdoor worth $18,367,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Diversified Trust Co lifted its holdings in Frontdoor by 2.5% in the third quarter. Diversified Trust Co now owns 12,130 shares of the company’s stock valued at $582,000 after acquiring an additional 299 shares during the period. CWM LLC lifted its stake in shares of Frontdoor by 15.8% in the 3rd quarter. CWM LLC now owns 2,695 shares of the company’s stock valued at $129,000 after purchasing an additional 367 shares during the period. GAMMA Investing LLC lifted its stake in shares of Frontdoor by 26.0% in the 4th quarter. GAMMA Investing LLC now owns 2,100 shares of the company’s stock valued at $115,000 after purchasing an additional 433 shares during the period. Exchange Traded Concepts LLC purchased a new stake in Frontdoor during the third quarter worth $27,000. Finally, V Square Quantitative Management LLC acquired a new stake in Frontdoor during the third quarter valued at $31,000.

Insider Activity

In other news, COO Evan Iverson sold 16,000 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $58.84, for a total value of $941,440.00. Following the completion of the sale, the chief operating officer now directly owns 4,955 shares in the company, valued at $291,552.20. This represents a 76.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Kathryn M. Collins sold 25,784 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $58.06, for a total transaction of $1,497,019.04. Following the transaction, the senior vice president now owns 9,429 shares in the company, valued at $547,447.74. The trade was a 73.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.29% of the company’s stock.

Wall Street Analysts Forecast Growth

FTDR has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price objective on shares of Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. Truist Financial upped their price target on Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Frontdoor has an average rating of “Hold” and a consensus price target of $49.50.

Frontdoor Stock Performance

NASDAQ:FTDR opened at $58.45 on Friday. The company has a fifty day moving average of $57.03 and a two-hundred day moving average of $50.41. Frontdoor, Inc. has a fifty-two week low of $29.41 and a fifty-two week high of $60.42. The stock has a market capitalization of $4.43 billion, a PE ratio of 19.35 and a beta of 1.08. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings results on Monday, November 4th. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.33. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The firm had revenue of $540.00 million during the quarter, compared to the consensus estimate of $541.88 million. During the same quarter in the prior year, the firm earned $0.94 EPS. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, research analysts forecast that Frontdoor, Inc. will post 3.15 earnings per share for the current fiscal 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.