Crossmark Global Holdings Inc. Buys New Stake in Dorman Products, Inc. (NASDAQ:DORM)

Crossmark Global Holdings Inc. purchased a new position in shares of Dorman Products, Inc. (NASDAQ:DORM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,090 shares of the auto parts company’s stock, valued at approximately $236,000.

A number of other institutional investors have also modified their holdings of DORM. Equitable Trust Co. grew its holdings in Dorman Products by 2.2% during the third quarter. Equitable Trust Co. now owns 4,494 shares of the auto parts company’s stock worth $508,000 after acquiring an additional 97 shares during the period. Inspire Advisors LLC grew its stake in shares of Dorman Products by 1.3% during the 2nd quarter. Inspire Advisors LLC now owns 8,679 shares of the auto parts company’s stock worth $794,000 after purchasing an additional 112 shares during the period. Orion Portfolio Solutions LLC increased its holdings in shares of Dorman Products by 0.8% during the 1st quarter. Orion Portfolio Solutions LLC now owns 13,659 shares of the auto parts company’s stock valued at $1,317,000 after purchasing an additional 114 shares in the last quarter. Creative Planning lifted its stake in shares of Dorman Products by 3.3% in the 2nd quarter. Creative Planning now owns 4,499 shares of the auto parts company’s stock valued at $412,000 after purchasing an additional 144 shares during the period. Finally, Procyon Advisors LLC boosted its holdings in Dorman Products by 7.1% during the third quarter. Procyon Advisors LLC now owns 2,730 shares of the auto parts company’s stock worth $309,000 after buying an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on DORM shares. Roth Mkm reiterated a “buy” rating and issued a $153.00 price objective (up previously from $126.00) on shares of Dorman Products in a research report on Monday, November 4th. CJS Securities began coverage on Dorman Products in a research report on Friday, September 13th. They set an “outperform” rating and a $134.00 price target on the stock. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $125.67.

Dorman Products Trading Down 0.5 %

DORM stock opened at $134.01 on Tuesday. The business’s 50-day moving average is $119.05 and its 200 day moving average is $105.15. Dorman Products, Inc. has a 12-month low of $69.77 and a 12-month high of $146.60. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 22.41 and a beta of 0.83. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Thursday, October 31st. The auto parts company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.53 by $0.43. The firm had revenue of $503.77 million during the quarter, compared to analysts’ expectations of $509.54 million. Dorman Products had a return on equity of 16.95% and a net margin of 9.43%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.40 earnings per share. On average, sell-side analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Jeffery Darby sold 2,400 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $118.98, for a total value of $285,552.00. Following the completion of the sale, the senior vice president now owns 19,871 shares of the company’s stock, valued at approximately $2,364,251.58. This represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Scott Leff sold 5,536 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $132.66, for a total transaction of $734,405.76. Following the completion of the transaction, the senior vice president now owns 13,336 shares in the company, valued at $1,769,153.76. The trade was a 29.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,833 shares of company stock worth $7,050,877. 10.00% of the stock is owned by insiders.

Dorman Products Profile

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.