WCM Investment Management CA bought a new position in Dorman Products, Inc. (NASDAQ:DORM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,572 shares of the company’s stock, valued at approximately $356,000.
Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Dorman Products by 20.0% in the second quarter. BlackRock Inc. now owns 2,168 shares of the company’s stock worth $124,000 after buying an additional 361 shares in the last quarter. Advisor Group Inc. acquired a new stake in Dorman Products during the second quarter worth $186,000. PineBridge Investments L.P. increased its stake in Dorman Products by 4.3% in the second quarter. PineBridge Investments L.P. now owns 3,819 shares of the company’s stock worth $218,000 after buying an additional 157 shares during the period. National Investment Services Inc. WI acquired a new stake in Dorman Products during the second quarter worth $226,000. Finally, Teacher Retirement System of Texas increased its stake 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 period. 75.66% of the stock is owned by institutional investors.
Shares of Dorman Products, Inc. (NASDAQ:DORM) traded up 1.51% on Wednesday, reaching $70.02. 144,945 shares of the company were exchanged. Dorman Products, Inc. has a 12 month low of $40.17 and a 12 month high of $79.03. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 24.59 and a beta of 0.70. The company’s 50-day moving average price is $73.03 and its 200 day moving average price is $65.39.
Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Monday, October 24th. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by $0.04. The firm had revenue of $212.80 million for the quarter, compared to analyst estimates of $225.94 million. Dorman Products had a return on equity of 18.49% and a net margin of 11.87%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.73 earnings per share. On average, equities research analysts expect that Dorman Products, Inc. will post $3.01 EPS for the current year.
A number of equities research analysts recently weighed in on the stock. B. Riley reissued a “neutral” rating and set a $58.00 price target on shares of Dorman Products in a research note on Thursday, October 27th. Zacks Investment Research raised shares of Dorman Products from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research note on Wednesday, October 26th. FBR & Co reissued a “buy” rating and set a $68.00 price target on shares of Dorman Products in a research note on Wednesday, October 26th. CL King downgraded shares of Dorman Products from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 4th. Finally, Jefferies Group reissued a “hold” rating and set a $60.00 price target on shares of Dorman Products in a research note on Wednesday, October 19th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Dorman Products currently has a consensus rating of “Hold” and a consensus price target of $66.50.
In other news, Director Paul R. Lederer sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of $71.57, for a total value of $143,140.00. Following the sale, the director now directly owns 18,673 shares in the company, valued at approximately $1,336,426.61. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 11.70% of the company’s stock.
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.
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