Mutual of America Capital Management LLC Sells 1,276 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Mutual of America Capital Management LLC trimmed its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 10.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,510 shares of the company’s stock after selling 1,276 shares during the period. Mutual of America Capital Management LLC’s holdings in Frontdoor were worth $552,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Frontdoor by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 10,179,139 shares of the company’s stock worth $331,636,000 after buying an additional 373,091 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Frontdoor by 5.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 64,153 shares of the company’s stock worth $2,091,000 after acquiring an additional 3,183 shares during the period. Tidal Investments LLC boosted its holdings in shares of Frontdoor by 2.2% in the first quarter. Tidal Investments LLC now owns 15,740 shares of the company’s stock worth $513,000 after acquiring an additional 344 shares during the period. LRI Investments LLC purchased a new position in shares of Frontdoor in the first quarter valued at $223,000. Finally, Swedbank AB bought a new stake in shares of Frontdoor during the 1st quarter valued at $18,542,000.

Wall Street Analysts Forecast Growth

FTDR has been the subject of a number of recent analyst reports. Truist Financial lifted their target price on Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price objective on shares of Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, August 12th. William Blair raised shares of Frontdoor from a “market perform” rating to an “outperform” rating in a report on Friday, August 2nd. Finally, The Goldman Sachs Group raised their price target on shares of Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $49.50.

Frontdoor Stock Down 1.5 %

Shares of FTDR opened at $58.63 on Wednesday. Frontdoor, Inc. has a 1 year low of $29.41 and a 1 year high of $60.42. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a 50 day simple moving average of $51.53 and a two-hundred day simple moving average of $43.85. The firm has a market cap of $4.45 billion, a P/E ratio of 19.33 and a beta of 1.03.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data on Monday, November 4th. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.33. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The company had revenue of $540.00 million during the quarter, compared to analysts’ expectations of $541.88 million. During the same quarter in the prior year, the company earned $0.94 EPS. The firm’s revenue was up 3.1% on a year-over-year basis. On average, analysts forecast that Frontdoor, Inc. will post 3.14 earnings per share for the current fiscal year.

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.