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

Thrivent Financial for Lutherans reduced its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 5.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,743 shares of the auto parts company’s stock after selling 1,448 shares during the quarter. Thrivent Financial for Lutherans owned about 0.08% of Dorman Products worth $2,172,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of DORM. Parallel Advisors LLC raised its position in shares of Dorman Products by 277.4% during the 4th quarter. Parallel Advisors LLC now owns 317 shares of the auto parts company’s stock worth $26,000 after buying an additional 233 shares in the last quarter. YHB Investment Advisors Inc. bought a new stake in Dorman Products during the first quarter worth approximately $34,000. Quest Partners LLC acquired a new stake in Dorman Products in the second quarter worth approximately $37,000. Mather Group LLC. bought a new position in Dorman Products during the 1st quarter valued at $48,000. Finally, Rothschild Investment LLC acquired a new position in shares of Dorman Products during the 2nd quarter valued at $66,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

Insider Transactions at Dorman Products

In related news, Director Steven L. Berman sold 215 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $117.01, for a total value of $25,157.15. Following the transaction, the director now directly owns 881,298 shares in the company, valued at approximately $103,120,678.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Steven L. Berman sold 27,632 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $115.72, for a total transaction of $3,197,575.04. Following the completion of the transaction, the director now directly owns 936,024 shares in the company, valued at approximately $108,316,697.28. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Steven L. Berman sold 215 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $117.01, for a total transaction of $25,157.15. Following the completion of the sale, the director now owns 881,298 shares in the company, valued at $103,120,678.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,028 shares of company stock worth $6,001,614. 10.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on DORM shares. CJS Securities assumed coverage on Dorman Products in a report on Friday, September 13th. They issued an “outperform” rating and a $134.00 price objective for the company. 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. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $113.33.

Dorman Products Price Performance

NASDAQ DORM opened at $112.93 on Wednesday. Dorman Products, Inc. has a fifty-two week low of $60.01 and a fifty-two week high of $119.28. The stock’s 50-day moving average is $108.58 and its two-hundred day moving average is $97.98. The firm has a market cap of $3.50 billion, a P/E ratio of 22.72 and a beta of 0.83. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.40 and a quick ratio of 1.19.

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