Thoroughbred Financial Services LLC Makes New Investment in Dorman Products, Inc. (NASDAQ:DORM)

Thoroughbred Financial Services LLC purchased a new stake in Dorman Products, Inc. (NASDAQ:DORM) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,219 shares of the auto parts company’s stock, valued at approximately $202,000.

A number of other institutional investors have also made changes to their positions in DORM. Parallel Advisors LLC grew its position in Dorman Products by 277.4% in the 4th quarter. Parallel Advisors LLC now owns 317 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 233 shares during the last quarter. YHB Investment Advisors Inc. acquired a new stake in Dorman Products during the first quarter worth about $34,000. Quest Partners LLC acquired a new stake in Dorman Products during the fourth quarter worth about $37,000. Mather Group LLC. bought a new position in Dorman Products during the first quarter valued at about $48,000. Finally, Rothschild Investment LLC acquired a new position in Dorman Products in the 2nd quarter valued at approximately $66,000. 84.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Dorman Products news, SVP Jeffery Darby sold 1,400 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $98.98, for a total value of $138,572.00. Following the transaction, the senior vice president now directly owns 25,071 shares in the company, valued at $2,481,527.58. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Dorman Products news, SVP Jeffery Darby sold 1,400 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $98.98, for a total value of $138,572.00. Following the transaction, the senior vice president now owns 25,071 shares of the company’s stock, valued at $2,481,527.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Steven L. Berman sold 27,632 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $115.72, for a total value of $3,197,575.04. Following the completion of the sale, the director now owns 936,024 shares of the company’s stock, valued at $108,316,697.28. The disclosure for this sale can be found here. Insiders sold 34,232 shares of company stock worth $3,928,243 in the last quarter. 10.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DORM shares. Roth Mkm restated a “buy” rating and set a $116.00 price objective on shares of Dorman Products in a research report on Friday, June 14th. CJS Securities began coverage on shares of Dorman Products in a report on Friday, September 13th. They issued an “outperform” rating and a $134.00 price target on the stock. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $113.33.

Dorman Products Trading Down 0.8 %

DORM stock opened at $115.76 on Thursday. Dorman Products, Inc. has a 1-year low of $60.01 and a 1-year high of $119.28. The company has a current ratio of 2.40, a quick ratio of 1.19 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average is $105.47 and its 200-day moving average is $96.47. The firm has a market cap of $3.54 billion, a P/E ratio of 23.43 and a beta of 0.83.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Thursday, August 1st. The auto parts company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.48. Dorman Products had a return on equity of 15.97% and a net margin of 8.75%. The firm had revenue of $502.95 million during the quarter, compared to analyst estimates of $497.46 million. During the same period in the prior year, the company posted $1.01 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts anticipate that Dorman Products, Inc. will post 6.15 earnings per share for the current fiscal year.

Dorman Products Company 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.