Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its position in Dorman Products, Inc. (NASDAQ:DORM) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 133,795 shares of the auto parts company’s stock after selling 5,473 shares during the quarter. Leeward Investments LLC MA’s holdings in Dorman Products were worth $11,160,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in DORM. Jennison Associates LLC acquired a new stake in shares of Dorman Products in the third quarter valued at approximately $13,507,000. Assenagon Asset Management S.A. increased its stake in shares of Dorman Products by 182.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 213,464 shares of the auto parts company’s stock valued at $17,805,000 after purchasing an additional 137,979 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Dorman Products by 47.0% in the third quarter. Envestnet Asset Management Inc. now owns 145,412 shares of the auto parts company’s stock valued at $11,016,000 after purchasing an additional 46,492 shares during the period. Illinois Municipal Retirement Fund acquired a new stake in shares of Dorman Products in the third quarter valued at approximately $1,237,000. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Dorman Products in the fourth quarter valued at approximately $1,184,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

Dorman Products Price Performance

Shares of NASDAQ DORM traded up $1.15 during mid-day trading on Friday, reaching $89.23. 73,775 shares of the company traded hands, compared to its average volume of 115,426. Dorman Products, Inc. has a fifty-two week low of $60.01 and a fifty-two week high of $98.55. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.25 and a quick ratio of 1.09. The firm has a market cap of $2.77 billion, a PE ratio of 21.70 and a beta of 0.81. The stock has a fifty day simple moving average of $90.98 and a 200-day simple moving average of $82.16.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Monday, February 26th. The auto parts company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.16. The firm had revenue of $494.30 million for the quarter, compared to analyst estimates of $494.86 million. Dorman Products had a net margin of 6.70% and a return on equity of 12.92%. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.01 earnings per share. Equities research analysts anticipate that Dorman Products, Inc. will post 5.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DORM. StockNews.com upgraded shares of Dorman Products from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. TheStreet upgraded shares of Dorman Products from a “c+” rating to a “b” rating in a research note on Wednesday, March 20th. Roth Mkm reiterated a “buy” rating and set a $116.00 price objective on shares of Dorman Products in a research note on Monday, March 25th. Finally, Barrington Research reiterated an “outperform” rating and set a $90.00 price objective on shares of Dorman Products in a research note on Tuesday, February 27th.

About Dorman Products

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.