Blackhawk Capital Partners LLC. Increases Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Blackhawk Capital Partners LLC. raised its stake in Frontdoor, Inc. (NASDAQ:FTDR) by 3.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 25,540 shares of the company’s stock after buying an additional 791 shares during the period. Blackhawk Capital Partners LLC.’s holdings in Frontdoor were worth $1,396,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. USA Financial Formulas acquired a new position in shares of Frontdoor during the 4th quarter valued at about $60,000. TD Private Client Wealth LLC purchased a new position in Frontdoor during the third quarter worth about $68,000. Blue Trust Inc. boosted its holdings in Frontdoor by 315.3% in the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock valued at $89,000 after purchasing an additional 1,239 shares during the last quarter. Nkcfo LLC acquired a new position in Frontdoor in the 4th quarter valued at about $96,000. Finally, GAMMA Investing LLC grew 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 buying an additional 433 shares during the period.

Frontdoor Price Performance

Frontdoor stock opened at $57.32 on Tuesday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market capitalization of $4.35 billion, a price-to-earnings ratio of 18.98 and a beta of 1.08. The company’s 50 day simple moving average is $57.61 and its 200-day simple moving average is $53.61. Frontdoor, Inc. has a 1 year low of $29.41 and a 1 year high of $63.49.

Insider Buying and Selling at Frontdoor

In other news, COO Evan Iverson sold 16,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief operating officer now owns 4,955 shares of the company’s stock, valued at approximately $291,552.20. This trade represents a 76.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Kathryn M. Collins sold 25,784 shares of Frontdoor stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $58.06, for a total transaction of $1,497,019.04. Following the completion of the transaction, the senior vice president now owns 9,429 shares of the company’s stock, valued at $547,447.74. This trade represents a 73.22 % decrease in their position. The disclosure for this sale can be found here. 0.89% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. Truist Financial lifted their target price on Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $51.75.

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.