Dorman Products, Inc. (NASDAQ:DORM) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 4.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 124,118 shares of the auto parts company's stock after selling 5,785 shares during the period. Leeward Investments LLC MA owned about 0.41% of Dorman Products worth $14,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased its holdings in shares of Dorman Products by 306.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 532 shares of the auto parts company's stock valued at $70,000 after acquiring an additional 401 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Dorman Products by 518.4% during the 4th quarter. Jones Financial Companies Lllp now owns 235 shares of the auto parts company's stock worth $30,000 after buying an additional 197 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Dorman Products by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 354,717 shares of the auto parts company's stock worth $45,954,000 after buying an additional 4,102 shares during the last quarter. Victory Capital Management Inc. grew its stake in Dorman Products by 199.9% during the 4th quarter. Victory Capital Management Inc. now owns 35,215 shares of the auto parts company's stock worth $4,562,000 after buying an additional 23,473 shares during the last quarter. Finally, Assetmark Inc. grew its stake in Dorman Products by 11.0% during the 4th quarter. Assetmark Inc. now owns 8,068 shares of the auto parts company's stock worth $1,045,000 after buying an additional 799 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company's stock.

Dorman Products Stock Performance

Dorman Products stock traded down $3.20 during mid-day trading on Monday, reaching $124.89. 124,788 shares of the company were exchanged, compared to its average volume of 189,924. Dorman Products, Inc. has a twelve month low of $87.05 and a twelve month high of $146.60. The firm's 50-day simple moving average is $124.77 and its two-hundred day simple moving average is $124.87. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.22 and a current ratio of 2.62. The firm has a market cap of $3.81 billion, a PE ratio of 17.92 and a beta of 0.85.

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

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded 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 news, Director John J. Gavin sold 2,900 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $131.19, for a total value of $380,451.00. Following the completion of the sale, the director directly owned 8,132 shares of the company's stock, valued at $1,066,837.08. This trade represents a 26.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.90% of the stock is owned by corporate insiders.

Dorman Products Company 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.