Principal Financial Group Inc. trimmed its stake in Dorman Products, Inc. (NASDAQ:DORM – Free Report) by 3.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 133,835 shares of the auto parts company’s stock after selling 4,654 shares during the quarter. Principal Financial Group Inc.’s holdings in Dorman Products were worth $15,139,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of DORM. Vanguard Group Inc. grew its holdings in Dorman Products by 1.4% in the first quarter. Vanguard Group Inc. now owns 3,032,285 shares of the auto parts company’s stock worth $292,282,000 after purchasing an additional 41,849 shares during the period. Algert Global LLC grew its holdings in Dorman Products by 404.4% in the second quarter. Algert Global LLC now owns 39,149 shares of the auto parts company’s stock worth $3,581,000 after purchasing an additional 31,387 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Dorman Products in the second quarter worth $2,807,000. Dimensional Fund Advisors LP grew its holdings in Dorman Products by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,029,044 shares of the auto parts company’s stock worth $94,136,000 after purchasing an additional 24,811 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Dorman Products by 1,595.0% in the second quarter. SG Americas Securities LLC now owns 21,035 shares of the auto parts company’s stock worth $1,924,000 after purchasing an additional 19,794 shares during the period. 84.70% of the stock is currently owned by institutional investors and hedge funds.
Dorman Products Price Performance
DORM opened at $134.73 on Friday. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 22.53 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. The firm has a 50-day moving average price of $118.55 and a 200-day moving average price of $104.61. Dorman Products, Inc. has a twelve month low of $69.63 and a twelve month high of $146.60.
Dorman Products (NASDAQ:DORM – Get Free Report) last posted its earnings results on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.43. The firm had revenue of $503.77 million during the quarter, compared to the consensus estimate of $509.54 million. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The company’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company earned $1.40 earnings per share. Equities analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current year.
Insider Activity at Dorman Products
In other Dorman Products news, Director Steven L. Berman sold 27,632 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $115.72, for a total value of $3,197,575.04. Following the completion of the transaction, the director now owns 936,024 shares of the company’s stock, valued at $108,316,697.28. The trade was a 2.87 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jeffery Darby sold 1,400 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $113.98, for a total transaction of $159,572.00. Following the completion of the transaction, the senior vice president now directly owns 22,271 shares of the company’s stock, valued at approximately $2,538,448.58. This represents a 5.91 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,833 shares of company stock valued at $7,050,877. Corporate insiders own 10.00% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the stock. Roth Mkm reiterated a “buy” rating and set a $153.00 price objective (up from $126.00) on shares of Dorman Products in a report on Monday, November 4th. CJS Securities assumed coverage on shares of Dorman Products in a report on Friday, September 13th. They set an “outperform” rating and a $134.00 price objective for the company. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $125.67.
Check Out Our Latest Analysis on DORM
Dorman Products Company Profile
(Free Report)
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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