State of New Jersey Common Pension Fund D Buys 2,657 Shares of Dorman Products, Inc. (NASDAQ:DORM)

State of New Jersey Common Pension Fund D grew its stake in Dorman Products, Inc. (NASDAQ:DORMGet Rating) by 11.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,463 shares of the auto parts company’s stock after acquiring an additional 2,657 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.08% of Dorman Products worth $2,515,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DORM. Allspring Global Investments Holdings LLC bought a new stake in shares of Dorman Products in the 4th quarter valued at about $3,287,000. Yousif Capital Management LLC bought a new stake in Dorman Products during the 4th quarter worth approximately $2,921,000. CWM LLC bought a new stake in Dorman Products during the 4th quarter worth approximately $27,000. Equitable Trust Co. increased its stake in Dorman Products by 6.8% during the 4th quarter. Equitable Trust Co. now owns 2,295 shares of the auto parts company’s stock worth $259,000 after purchasing an additional 146 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in Dorman Products during the 4th quarter worth approximately $640,000. 82.23% of the stock is owned by institutional investors.

Dorman Products Stock Up 1.5 %

Shares of DORM opened at $102.56 on Tuesday. The stock has a market capitalization of $3.22 billion, a P/E ratio of 23.20 and a beta of 0.52. Dorman Products, Inc. has a twelve month low of $88.43 and a twelve month high of $122.96. The company has a 50 day moving average of $105.70 and a 200-day moving average of $99.18.

Dorman Products (NASDAQ:DORMGet Rating) last issued its quarterly earnings results on Monday, July 25th. The auto parts company reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.02). The business had revenue of $417.40 million for the quarter, compared to the consensus estimate of $400.57 million. Dorman Products had a return on equity of 17.00% and a net margin of 8.96%. Dorman Products’s revenue was up 34.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 earnings per share. On average, sell-side analysts anticipate that Dorman Products, Inc. will post 5.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DORM has been the subject of a number of research reports. Stephens lowered their target price on Dorman Products to $97.00 and set an “outperform” rating for the company in a research note on Wednesday, July 27th. MKM Partners initiated coverage on Dorman Products in a research note on Wednesday, May 18th. They set a “buy” rating and a $129.00 target price for the company. StockNews.com cut Dorman Products from a “buy” rating to a “hold” rating in a research note on Thursday, July 28th. Finally, Barrington Research raised their price target on shares of Dorman Products from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, June 10th.

Insider Buying and Selling

In other Dorman Products news, EVP Michael Kealey sold 10,612 shares of the stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $96.83, for a total value of $1,027,559.96. Following the completion of the sale, the executive vice president now owns 22,056 shares in the company, valued at $2,135,682.48. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 10.30% of the stock is owned by corporate insiders.

About Dorman Products

(Get Rating)

Dorman Products, Inc supplies replacement parts and fasteners for passenger cars, light trucks, and medium- and heavy-duty trucks in the automotive aftermarket industry worldwide. It offers original equipment dealer products, such as intake and exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and oil drain plugs, and wheel bolts and lug nuts.

See Also

Want to see what other hedge funds are holding DORM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dorman Products, Inc. (NASDAQ:DORMGet Rating).

Institutional Ownership by Quarter for Dorman Products (NASDAQ:DORM)

Want More Great Investing Ideas?

Receive News & Ratings for Dorman Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dorman Products and related companies with MarketBeat.com's FREE daily email newsletter.