Bridge City Capital LLC Raises Stock Position in Dorman Products Inc. (NASDAQ:DORM)

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Bridge City Capital LLC lifted its holdings in Dorman Products Inc. (NASDAQ:DORM) by 0.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,950 shares of the auto parts company’s stock after buying an additional 123 shares during the quarter. Dorman Products makes up about 1.2% of Bridge City Capital LLC’s holdings, making the stock its 29th biggest holding. Bridge City Capital LLC owned 0.08% of Dorman Products worth $2,174,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DORM. Private Capital Group LLC grew its position in shares of Dorman Products by 22.3% in the 1st quarter. Private Capital Group LLC now owns 725 shares of the auto parts company’s stock worth $64,000 after buying an additional 132 shares during the period. Quantamental Technologies LLC bought a new position in Dorman Products in the 1st quarter worth about $86,000. Strs Ohio boosted its stake in Dorman Products by 160.0% in the 2nd quarter. Strs Ohio now owns 1,300 shares of the auto parts company’s stock worth $113,000 after purchasing an additional 800 shares in the last quarter. MML Investors Services LLC bought a new position in Dorman Products in the 4th quarter worth about $236,000. Finally, Zions Bancorporation N.A. bought a new position in Dorman Products in the 1st quarter worth about $238,000. 81.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Dorman Products stock opened at $69.82 on Tuesday. The company has a market cap of $2.27 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 1.60 and a beta of 0.57. The stock has a 50-day moving average price of $82.62. Dorman Products Inc. has a 1 year low of $65.68 and a 1 year high of $97.38.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings results on Tuesday, July 30th. The auto parts company reported $0.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.48). The firm had revenue of $254.18 million during the quarter, compared to the consensus estimate of $263.68 million. Dorman Products had a return on equity of 16.36% and a net margin of 11.28%. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 EPS. As a group, sell-side analysts forecast that Dorman Products Inc. will post 3.33 EPS for the current year.

A number of equities analysts recently issued reports on DORM shares. Zacks Investment Research cut shares of Dorman Products from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. BidaskClub cut shares of Dorman Products from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Barrington Research reiterated a “hold” rating on shares of Dorman Products in a research note on Monday, July 29th. Finally, ValuEngine cut shares of Dorman Products from a “buy” rating to a “hold” rating in a research note on Monday, July 8th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $56.50.

Dorman Products Profile

Dorman Products, Inc supplies automotive replacement parts, automotive hardware, and brake products to the automotive aftermarket and mass merchandise markets in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and fasteners, including oil drain plugs, wheel bolts, and wheel lug nuts.

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Institutional Ownership by Quarter for Dorman Products (NASDAQ:DORM)

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