Prudential Financial Inc. raised its position in shares of Dorman Products Inc. (NASDAQ:DORM) by 3.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 75,018 shares of the company’s stock after buying an additional 2,200 shares during the period. Prudential Financial Inc. owned about 0.22% of Dorman Products worth $4,291,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of DORM. LaSalle Street Capital Management LLC acquired a new position in Dorman Products during the second quarter worth about $203,000. National Investment Services Inc. WI acquired a new position in Dorman Products during the second quarter worth about $226,000. Teacher Retirement System of Texas boosted its position in Dorman Products by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 4,459 shares of the company’s stock worth $255,000 after buying an additional 544 shares during the last quarter. BB&T Corp acquired a new position in Dorman Products during the second quarter worth about $312,000. Finally, Suntrust Banks Inc. boosted its position in Dorman Products by 7.6% in the second quarter. Suntrust Banks Inc. now owns 7,422 shares of the company’s stock worth $423,000 after buying an additional 523 shares during the last quarter. Institutional investors own 76.17% of the company’s stock.
Shares of Dorman Products Inc. (NASDAQ:DORM) opened at 62.50 on Monday. Dorman Products Inc. has a one year low of $40.17 and a one year high of $67.30. The stock has a market capitalization of $2.16 billion, a PE ratio of 22.25 and a beta of 0.76. The firm has a 50 day moving average price of $63.74 and a 200 day moving average price of $57.97.
Dorman Products (NASDAQ:DORM) last released its earnings results on Tuesday, July 26th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.03. The business had revenue of $209.60 million for the quarter, compared to the consensus estimate of $214.11 million. Dorman Products had a return on equity of 18.83% and a net margin of 11.82%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 earnings per share. Analysts predict that Dorman Products Inc. will post $2.99 earnings per share for the current fiscal year.
A number of research firms recently issued reports on DORM. B. Riley restated a “neutral” rating and set a $49.50 price objective on shares of Dorman Products in a report on Monday, August 1st. Zacks Investment Research upgraded Dorman Products from a “hold” rating to a “strong-buy” rating and set a $71.00 price objective for the company in a report on Wednesday, July 27th. Finally, Jefferies Group boosted their price objective on Dorman Products from $55.00 to $60.00 and gave the company a “hold” rating in a report on Wednesday, July 27th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $60.63.
In other news, Director Paul R. Lederer sold 500 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $62.55, for a total value of $31,275.00. Following the transaction, the director now owns 34,549 shares in the company, valued at $2,161,039.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jeffery Darby sold 490 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $64.00, for a total value of $31,360.00. Following the completion of the transaction, the senior vice president now owns 11,990 shares in the company, valued at approximately $767,360. The disclosure for this sale can be found here. 11.70% of the stock is owned by insiders.
Dorman Products Company Profile
Dorman Products, Inc (Dorman) is a supplier of replacement parts and fasteners for passenger cars, light trucks, and heavy duty trucks in the automotive aftermarket. The Company distributes and markets approximately 150,000 various stock keeping units (SKU’s) of automotive replacement parts and fasteners.
Want to see what other hedge funds are holding DORM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dorman Products Inc. (NASDAQ:DORM).
Receive News & Ratings for Dorman Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dorman Products Inc. and related companies with MarketBeat.com's FREE daily email newsletter.