Crossmark Global Holdings Inc. purchased a new position in shares of Dorman Products, Inc. (NASDAQ:DORM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,153 shares of the auto parts company’s stock, valued at approximately $584,000.
A number of other large investors also recently modified their holdings of DORM. Teachers Advisors LLC grew its position in Dorman Products by 2.7% during the first quarter. Teachers Advisors LLC now owns 52,398 shares of the auto parts company’s stock worth $4,303,000 after buying an additional 1,387 shares in the last quarter. State Street Corp boosted its holdings in shares of Dorman Products by 8.7% in the 1st quarter. State Street Corp now owns 650,038 shares of the auto parts company’s stock valued at $53,388,000 after purchasing an additional 51,982 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of Dorman Products in the 1st quarter valued at $252,000. State of Alaska Department of Revenue boosted its holdings in shares of Dorman Products by 77.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,969 shares of the auto parts company’s stock valued at $494,000 after purchasing an additional 2,609 shares in the last quarter. Finally, Aperio Group LLC boosted its holdings in shares of Dorman Products by 11.4% in the 2nd quarter. Aperio Group LLC now owns 9,258 shares of the auto parts company’s stock valued at $766,000 after purchasing an additional 945 shares in the last quarter. 76.39% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have weighed in on DORM shares. BidaskClub downgraded Dorman Products from a “hold” rating to a “sell” rating in a report on Friday, August 18th. FBR & Co reaffirmed a “neutral” rating and issued a $65.00 target price (down previously from $75.00) on shares of Dorman Products in a report on Monday, October 30th. B. Riley reaffirmed a “neutral” rating and issued a $65.00 target price (down previously from $75.00) on shares of Dorman Products in a report on Wednesday, November 1st. Zacks Investment Research downgraded Dorman Products from a “hold” rating to a “sell” rating in a report on Friday, November 3rd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $75.00 target price on shares of Dorman Products in a report on Sunday, October 29th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Dorman Products currently has a consensus rating of “Hold” and an average target price of $68.33.
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Shares of Dorman Products, Inc. (DORM) opened at $67.77 on Friday. The firm has a market capitalization of $2,259.74, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 1.83 and a beta of 0.60. Dorman Products, Inc. has a twelve month low of $62.64 and a twelve month high of $88.50.
Dorman Products (NASDAQ:DORM) last issued its earnings results on Friday, October 27th. The auto parts company reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.07). Dorman Products had a net margin of 12.53% and a return on equity of 18.32%. The business had revenue of $224.60 million during the quarter, compared to analyst estimates of $233.56 million. During the same period in the prior year, the business posted $0.77 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. equities research analysts predict that Dorman Products, Inc. will post 3.34 earnings per share for the current year.
About Dorman Products
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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