US Bancorp DE reduced its position in Dorman Products, Inc. (NASDAQ:DORM – Free Report) by 2.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,752 shares of the auto parts company’s stock after selling 200 shares during the period. US Bancorp DE’s holdings in Dorman Products were worth $647,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Quest Partners LLC acquired a new stake in shares of Dorman Products in the 4th quarter valued at $37,000. Trexquant Investment LP bought a new position in shares of Dorman Products in the 4th quarter worth $1,640,000. Corient Private Wealth LLC boosted its position in shares of Dorman Products by 3.2% in the 4th quarter. Corient Private Wealth LLC now owns 5,823 shares of the auto parts company’s stock worth $486,000 after purchasing an additional 181 shares during the last quarter. Norges Bank bought a new position in shares of Dorman Products in the 4th quarter worth $23,298,000. Finally, Long Road Investment Counsel LLC boosted its position in shares of Dorman Products by 4.7% in the 4th quarter. Long Road Investment Counsel LLC now owns 29,900 shares of the auto parts company’s stock worth $2,434,000 after purchasing an additional 1,350 shares during the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.
Dorman Products Stock Performance
DORM stock opened at $90.61 on Friday. The business’s 50-day moving average price is $91.75 and its two-hundred day moving average price is $86.19. The company has a current ratio of 2.50, a quick ratio of 1.17 and a debt-to-equity ratio of 0.40. The firm has a market cap of $2.81 billion, a PE ratio of 18.23 and a beta of 0.83. Dorman Products, Inc. has a 1-year low of $60.01 and a 1-year high of $98.55.
Dorman Products (NASDAQ:DORM – Get Free Report) last posted its earnings results on Tuesday, May 7th. The auto parts company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.49. The firm had revenue of $468.70 million for the quarter, compared to analyst estimates of $472.35 million. Dorman Products had a return on equity of 14.61% and a net margin of 8.10%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 earnings per share. As a group, research analysts forecast that Dorman Products, Inc. will post 5.64 earnings per share for the current year.
Analysts Set New Price Targets
Several research firms have recently issued reports on DORM. Barrington Research restated an “outperform” rating and issued a $90.00 price target on shares of Dorman Products in a research report on Tuesday, February 27th. Roth Mkm restated a “buy” rating and issued a $116.00 price target on shares of Dorman Products in a research report on Monday, March 25th. StockNews.com upgraded Dorman Products from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. Finally, TheStreet upgraded Dorman Products from a “c+” rating to a “b” rating in a research report on Wednesday, March 20th.
Get Our Latest Research Report on Dorman Products
Insider Activity
In other news, SVP Donna M. Long sold 500 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $92.06, for a total value of $46,030.00. Following the sale, the senior vice president now directly owns 20,126 shares in the company, valued at $1,852,799.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 10.00% of the company’s stock.
Dorman Products Company Profile
Dorman Products, Inc supplies replacement and upgrade parts for passenger cars, light trucks, medium- and heavy-duty trucks, utility terrain vehicles, and all-terrain vehicles in the motor vehicle aftermarket industry in the United States and internationally. It offers engine products, including intake and exhaust manifolds, fans, thermostat housings, and throttle bodies; undercar products comprising fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, other engine, and transmission and axle components; steering and suspension products consist of control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, and leaf springs, as well as other suspension, steering, and brake components; body products, such as door handles and hinges, window lift motors, window regulators, switches and handles, wiper components, lighting, electrical, and other interior and exterior vehicle body components, including windshields for UTVs; electronics products comprise new and remanufactured modules, clusters and sensors; and hardware products, such as threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise.
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Source: defenseworld.net