Teacher Retirement System of Texas Has $12.63 Million Stock Position in Frontdoor, Inc. (NASDAQ:FTDR)

Teacher Retirement System of Texas raised its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 230,986 shares of the company’s stock after purchasing an additional 3,944 shares during the period. Teacher Retirement System of Texas owned approximately 0.30% of Frontdoor worth $12,628,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. USA Financial Formulas acquired a new position in Frontdoor during the fourth quarter valued at approximately $60,000. TD Private Client Wealth LLC acquired a new position in shares of Frontdoor during the third quarter worth $68,000. Blue Trust Inc. increased its holdings in shares of Frontdoor by 315.3% during the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock worth $89,000 after buying an additional 1,239 shares in the last quarter. Nkcfo LLC acquired a new position in shares of Frontdoor during the fourth quarter worth $96,000. Finally, GAMMA Investing LLC increased its holdings in shares of Frontdoor by 26.0% during the fourth quarter. GAMMA Investing LLC now owns 2,100 shares of the company’s stock worth $115,000 after buying an additional 433 shares in the last quarter.

Frontdoor Stock Performance

Shares of Frontdoor stock opened at $38.09 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. Frontdoor, Inc. has a twelve month low of $29.41 and a twelve month high of $63.49. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 12.61 and a beta of 1.18. The company’s fifty day moving average is $52.25 and its 200 day moving average is $52.79.

Analyst Upgrades and Downgrades

FTDR has been the subject of several research analyst reports. Truist Financial upped their price target on shares of Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, February 14th. The Goldman Sachs Group lowered their price target on shares of Frontdoor from $46.00 to $40.00 and set a “sell” rating for the company in a report on Monday, March 3rd. One research 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. Based on data from MarketBeat.com, Frontdoor presently has a consensus rating of “Hold” and an average target price of $50.25.

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.