Empowered Funds LLC Has $19 Million Stock Holdings in Frontdoor Inc. $FTDR

Empowered Funds LLC boosted its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR) by 791.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 359,360 shares of the company’s stock after acquiring an additional 319,053 shares during the quarter. Empowered Funds LLC’s holdings in Frontdoor were worth $18,996,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FTDR. State of Wyoming raised its stake in shares of Frontdoor by 2.5% during the first quarter. State of Wyoming now owns 7,140 shares of the company’s stock valued at $377,000 after acquiring an additional 177 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of Frontdoor by 4.0% in the fourth quarter. Park Avenue Securities LLC now owns 5,107 shares of the company’s stock worth $295,000 after purchasing an additional 198 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Frontdoor by 11.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,065 shares of the company’s stock worth $119,000 after purchasing an additional 217 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Frontdoor by 1.7% in the fourth quarter. ProShare Advisors LLC now owns 14,232 shares of the company’s stock worth $821,000 after purchasing an additional 236 shares during the last quarter. Finally, Snowden Capital Advisors LLC increased its holdings in Frontdoor by 4.1% in the second quarter. Snowden Capital Advisors LLC now owns 6,407 shares of the company’s stock valued at $378,000 after purchasing an additional 250 shares during the period.

Frontdoor Trading Up 2.4%

NASDAQ:FTDR opened at $74.28 on Wednesday. The firm’s fifty day moving average is $70.28 and its 200-day moving average is $63.72. The company has a debt-to-equity ratio of 4.95, a quick ratio of 1.47 and a current ratio of 1.47. Frontdoor Inc. has a 52 week low of $48.47 and a 52 week high of $80.73. The firm has a market cap of $5.22 billion, a P/E ratio of 21.28 and a beta of 1.46.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.07. Frontdoor had a net margin of 12.22% and a return on equity of 118.62%. The company had revenue of $451.00 million during the quarter, compared to analysts’ expectations of $442.28 million. During the same period in the prior year, the company posted $0.64 earnings per share. Frontdoor’s revenue for the quarter was up 5.9% compared to the same quarter last year. Equities analysts expect that Frontdoor Inc. will post 4.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on FTDR shares. Truist Financial set a $82.00 target price on Frontdoor in a research report on Friday. Weiss Ratings lowered Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.75.

Frontdoor Company Profile

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.