Dorman Products, Inc. (NASDAQ:DORM) Stake Lessened by Leeward Investments LLC MA

Leeward Investments LLC MA trimmed its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 0.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 139,564 shares of the auto parts company’s stock after selling 472 shares during the period. Leeward Investments LLC MA owned approximately 0.46% of Dorman Products worth $15,787,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Radnor Capital Management LLC purchased a new position in shares of Dorman Products during the 3rd quarter valued at $226,000. QRG Capital Management Inc. acquired a new position in Dorman Products in the 3rd quarter worth about $204,000. Farther Finance Advisors LLC raised its stake in shares of Dorman Products by 5,460.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 273 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Dorman Products by 3.7% during the 3rd quarter. US Bancorp DE now owns 8,382 shares of the auto parts company’s stock valued at $948,000 after buying an additional 298 shares during the last quarter. Finally, New York State Teachers Retirement System grew its stake in shares of Dorman Products by 11.9% in the 3rd quarter. New York State Teachers Retirement System now owns 23,659 shares of the auto parts company’s stock valued at $2,676,000 after buying an additional 2,509 shares in the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dorman Products

In related news, SVP Scott Leff sold 5,536 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $132.66, for a total value of $734,405.76. Following the completion of the transaction, the senior vice president now directly owns 13,336 shares in the company, valued at approximately $1,769,153.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Steven L. Berman sold 2,669 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $112.57, for a total value of $300,449.33. Following the sale, the director now owns 876,156 shares in the company, valued at approximately $98,628,880.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Scott Leff sold 5,536 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $132.66, for a total transaction of $734,405.76. Following the transaction, the senior vice president now owns 13,336 shares in the company, valued at $1,769,153.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 59,833 shares of company stock valued at $7,050,877 in the last quarter. Corporate insiders own 10.00% of the company’s stock.

Dorman Products Stock Down 0.6 %

Shares of DORM stock opened at $136.92 on Thursday. Dorman Products, Inc. has a 12 month low of $66.07 and a 12 month high of $146.60. The stock has a 50 day moving average of $115.02 and a 200-day moving average of $102.42. The firm has a market cap of $4.18 billion, a PE ratio of 22.90 and a beta of 0.83. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.43. The company had revenue of $503.77 million for the quarter, compared to analyst estimates of $509.54 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The business’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the business posted $1.40 EPS. On average, equities analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current year.

Wall Street Analysts Forecast Growth

DORM has been the topic of a number of recent research reports. Roth Mkm restated a “buy” rating and set a $153.00 price target (up previously from $126.00) on shares of Dorman Products in a report on Monday. CJS Securities started coverage on Dorman Products in a research report on Friday, September 13th. They issued an “outperform” rating and a $134.00 price target for the company. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, Dorman Products currently has an average rating of “Buy” and a consensus price target of $125.67.

Dorman Products 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.