Metropolitan Life Insurance Co. NY maintained its position in Dorman Products, Inc. (NASDAQ:DORM) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,369 shares of the auto parts company’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY owned 0.05% of Dorman Products worth $1,509,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in DORM. Schwab Charles Investment Management Inc. increased its position in Dorman Products by 8.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 152,936 shares of the auto parts company’s stock worth $12,561,000 after buying an additional 11,605 shares in the last quarter. Motley Fool Asset Management LLC purchased a new position in Dorman Products during the first quarter worth approximately $2,952,000. Tributary Capital Management LLC increased its position in Dorman Products by 11.1% in the first quarter. Tributary Capital Management LLC now owns 218,115 shares of the auto parts company’s stock worth $17,914,000 after buying an additional 21,722 shares in the last quarter. Norges Bank purchased a new position in Dorman Products during the fourth quarter worth approximately $14,761,000. Finally, Paradice Investment Management LLC increased its position in Dorman Products by 67.8% in the first quarter. Paradice Investment Management LLC now owns 86,742 shares of the auto parts company’s stock worth $7,124,000 after buying an additional 35,040 shares in the last quarter. Hedge funds and other institutional investors own 75.86% of the company’s stock.
Shares of Dorman Products, Inc. (DORM) traded down 1.31% during trading on Friday, reaching $64.97. The company’s stock had a trading volume of 338,713 shares. The stock’s 50 day moving average price is $75.93 and its 200 day moving average price is $78.47. Dorman Products, Inc. has a 52 week low of $60.00 and a 52 week high of $88.50. The company has a market cap of $2.21 billion, a PE ratio of 19.75 and a beta of 0.61.
Dorman Products (NASDAQ:DORM) last posted its earnings results on Tuesday, August 1st. The auto parts company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by $0.01. The business had revenue of $229.26 million for the quarter, compared to analyst estimates of $225.91 million. Dorman Products had a return on equity of 18.64% and a net margin of 12.66%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 earnings per share. Equities research analysts predict that Dorman Products, Inc. will post $3.45 EPS for the current year.
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DORM has been the topic of a number of research reports. Zacks Investment Research downgraded Dorman Products from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th. BidaskClub downgraded Dorman Products from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Jefferies Group LLC reiterated a “hold” rating and set a $85.00 price target (up previously from $78.00) on shares of Dorman Products in a report on Wednesday, May 3rd. Finally, FBR & Co reiterated a “mkt perform” rating and set a $74.50 price target on shares of Dorman Products in a report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Dorman Products currently has a consensus rating of “Hold” and an average target price of $81.25.
In related news, Director Paul R. Lederer sold 1,800 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $74.82, for a total transaction of $134,676.00. Following the transaction, the director now directly owns 16,961 shares of the company’s stock, valued at approximately $1,269,022.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.70% of the stock is currently owned by insiders.
Dorman Products Company Profile
Dorman Products, Inc is a supplier of replacement parts and fasteners for passenger cars, light trucks and heavy duty trucks in the automotive aftermarket. As of December 31, 2016, the Company distributed and marketed approximately 155,000 different stock keeping units (SKU’s) of automotive replacement parts and fasteners.
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