Thrivent Financial for Lutherans Boosts Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

Thrivent Financial for Lutherans boosted its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 8.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,801 shares of the auto parts company’s stock after acquiring an additional 2,058 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Dorman Products were worth $2,918,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Seizert Capital Partners LLC boosted its stake in shares of Dorman Products by 37.0% in the third quarter. Seizert Capital Partners LLC now owns 45,836 shares of the auto parts company’s stock valued at $5,185,000 after purchasing an additional 12,367 shares during the period. Natixis Advisors LLC lifted its holdings in Dorman Products by 12.5% during the 3rd quarter. Natixis Advisors LLC now owns 27,482 shares of the auto parts company’s stock worth $3,109,000 after buying an additional 3,049 shares in the last quarter. Royce & Associates LP boosted its position in Dorman Products by 17.6% in the 3rd quarter. Royce & Associates LP now owns 523,882 shares of the auto parts company’s stock valued at $59,262,000 after buying an additional 78,496 shares during the period. OneDigital Investment Advisors LLC acquired a new position in shares of Dorman Products in the third quarter worth $327,000. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of Dorman Products by 41.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 13,688 shares of the auto parts company’s stock worth $1,548,000 after acquiring an additional 3,993 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DORM has been the topic of several recent research reports. CJS Securities initiated coverage on Dorman Products in a report on Friday, September 13th. They set an “outperform” rating and a $134.00 price target on the stock. Roth Mkm reaffirmed a “buy” rating and issued a $153.00 target price (up previously from $126.00) on shares of Dorman Products in a report on Monday, November 4th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Dorman Products presently has an average rating of “Buy” and a consensus price target of $125.67.

Insider Activity at Dorman Products

In other news, SVP Donna M. Long sold 3,277 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $134.79, for a total transaction of $441,706.83. Following the transaction, the senior vice president now directly owns 20,126 shares in the company, valued at approximately $2,712,783.54. This trade represents a 14.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Scott Leff sold 5,536 shares of the company’s stock in a transaction on 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 sale, the senior vice president now owns 13,336 shares of the company’s stock, valued at approximately $1,769,153.76. This trade represents a 29.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 61,710 shares of company stock valued at $7,333,012 in the last ninety days. Insiders own 10.00% of the company’s stock.

Dorman Products Stock Up 0.8 %

Shares of NASDAQ DORM opened at $142.83 on Wednesday. Dorman Products, Inc. has a 1 year low of $69.77 and a 1 year high of $146.60. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 23.88 and a beta of 0.83. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16. The business has a 50-day moving average of $121.59 and a two-hundred day moving average of $106.77.

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

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.