Truist Financial Corp Sells 4,872 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Truist Financial Corp lessened its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 6.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,149 shares of the auto parts company’s stock after selling 4,872 shares during the quarter. Truist Financial Corp owned 0.24% of Dorman Products worth $6,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Mariner LLC grew its stake in Dorman Products by 2.2% in the 3rd quarter. Mariner LLC now owns 8,689 shares of the auto parts company’s stock valued at $658,000 after purchasing an additional 189 shares during the period. Quantbot Technologies LP lifted its position in shares of Dorman Products by 17.5% during the 3rd quarter. Quantbot Technologies LP now owns 1,375 shares of the auto parts company’s stock valued at $104,000 after buying an additional 205 shares during the last quarter. Headinvest LLC purchased a new position in shares of Dorman Products during the 3rd quarter valued at $30,000. Swiss National Bank lifted its position in shares of Dorman Products by 0.9% during the 3rd quarter. Swiss National Bank now owns 58,800 shares of the auto parts company’s stock valued at $4,455,000 after buying an additional 500 shares during the last quarter. Finally, OLD National Bancorp IN lifted its position in shares of Dorman Products by 18.6% during the 3rd quarter. OLD National Bancorp IN now owns 3,743 shares of the auto parts company’s stock valued at $284,000 after buying an additional 586 shares during the last quarter. Institutional investors own 84.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DORM shares. StockNews.com raised Dorman Products from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th. TheStreet raised Dorman Products from a “c+” rating to a “b” rating in a research report on Wednesday, March 20th. Barrington Research reaffirmed an “outperform” rating and set a $90.00 price target on shares of Dorman Products in a research report on Tuesday, February 27th. Finally, Roth Mkm reissued a “buy” rating and set a $116.00 price objective on shares of Dorman Products in a report on Monday, March 25th.

Dorman Products Stock Performance

Shares of DORM opened at $90.95 on Friday. The stock’s 50-day simple moving average is $91.84 and its 200 day simple moving average is $82.69. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 22.18 and a beta of 0.83. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.09 and a current ratio of 2.25. Dorman Products, Inc. has a 52-week low of $60.01 and a 52-week high of $98.55.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Monday, February 26th. The auto parts company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.16. Dorman Products had a return on equity of 12.92% and a net margin of 6.70%. The business had revenue of $494.30 million for the quarter, compared to analysts’ expectations of $494.86 million. During the same quarter in the prior year, the firm posted $1.01 EPS. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. Research analysts forecast that Dorman Products, Inc. will post 5.55 EPS 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.