First National Advisers LLC Takes Position in Dorman Products, Inc. (NASDAQ:DORM)

Key Points

• First National Advisers LLC acquired a new stake in Dorman Products, purchasing 4,593 shares valued at approximately $554,000 in the first quarter.
• Dorman Products reported earnings of $2.02 per share for the quarter, significantly exceeding analyst estimates of $1.48, with revenues up 8.3% year-over-year.
• Wall Street Zen upgraded Dorman Products from a "buy" to a "strong-buy" rating, reflecting positive investor sentiment and expectations for the stock's performance.

First National Advisers LLC bought a new stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,593 shares of the auto parts company's stock, valued at approximately $554,000.

A number of other large investors also recently bought and sold shares of the stock. Fuller & Thaler Asset Management Inc. purchased a new stake in Dorman Products during the fourth quarter worth about $42,495,000. Norges Bank purchased a new stake in shares of Dorman Products during the fourth quarter worth approximately $41,047,000. Oberweis Asset Management Inc. purchased a new stake in shares of Dorman Products during the fourth quarter worth approximately $23,283,000. Wellington Management Group LLP increased its stake in shares of Dorman Products by 1,136.2% during the fourth quarter. Wellington Management Group LLP now owns 174,717 shares of the auto parts company's stock worth $22,635,000 after buying an additional 160,584 shares during the period. Finally, Jennison Associates LLC increased its stake in shares of Dorman Products by 32.1% during the first quarter. Jennison Associates LLC now owns 598,642 shares of the auto parts company's stock worth $72,160,000 after buying an additional 145,391 shares during the period. Institutional investors and hedge funds own 84.70% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Dorman Products from a "buy" rating to a "strong-buy" rating in a research note on Friday, May 16th.

Insider Activity at Dorman Products

In other Dorman Products news, SVP Donna M. Long sold 820 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $122.21, for a total value of $100,212.20. Following the transaction, the senior vice president directly owned 19,074 shares in the company, valued at $2,331,033.54. This represents a 4.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John J. Gavin sold 2,900 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $131.19, for a total transaction of $380,451.00. Following the completion of the transaction, the director owned 8,132 shares in the company, valued at $1,066,837.08. This represents a 26.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.90% of the company's stock.

Dorman Products Stock Down 0.0%

Shares of DORM stock traded down $0.03 during trading hours on Thursday, reaching $120.60. 57,630 shares of the stock were exchanged, compared to its average volume of 211,744. The business's fifty day moving average is $124.67 and its two-hundred day moving average is $124.12. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.62 and a quick ratio of 1.22. Dorman Products, Inc. has a 12-month low of $94.87 and a 12-month high of $146.60. The firm has a market capitalization of $3.68 billion, a P/E ratio of 17.32 and a beta of 0.85.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The auto parts company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.48 by $0.54. The company had revenue of $507.69 million for the quarter, compared to analyst estimates of $483.09 million. Dorman Products had a net margin of 10.48% and a return on equity of 19.10%. The firm's revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.31 earnings per share. As a group, research analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Dorman Products 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.