Leeward Investments LLC MA Cuts Stake in Dorman Products, Inc. (NASDAQ:DORM)

Leeward Investments LLC MA reduced its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Captrust Financial Advisors increased its stake in Dorman Products by 4.3% during the 4th quarter. Captrust Financial Advisors now owns 1,903 shares of the auto parts company's stock worth $247,000 after buying an additional 79 shares during the period. HighPoint Advisor Group LLC increased its stake in Dorman Products by 3.5% during the 4th quarter. HighPoint Advisor Group LLC now owns 2,438 shares of the auto parts company's stock worth $308,000 after buying an additional 83 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in Dorman Products by 1.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,763 shares of the auto parts company's stock worth $617,000 after buying an additional 84 shares during the period. Pitcairn Co. grew its holdings in Dorman Products by 2.0% during the 4th quarter. Pitcairn Co. now owns 4,490 shares of the auto parts company's stock worth $582,000 after acquiring an additional 86 shares in the last quarter. Finally, Summit Investment Advisors Inc. grew its holdings in Dorman Products by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,705 shares of the auto parts company's stock worth $350,000 after acquiring an additional 87 shares in the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Dorman Products Stock Up 0.5%

NASDAQ DORM traded up $0.69 on Friday, hitting $128.00. 101,148 shares of the stock were exchanged, compared to its average volume of 189,793. The company has a 50-day moving average price of $124.50 and a 200-day moving average price of $124.98. Dorman Products, Inc. has a fifty-two week low of $87.05 and a fifty-two week high of $146.60. The company has a quick ratio of 1.22, a current ratio of 2.62 and a debt-to-equity ratio of 0.33. The company has a market cap of $3.91 billion, a PE ratio of 18.36 and a beta of 0.85.

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

Insider Activity

In other news, Director John J. Gavin sold 2,900 shares of the company's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $131.19, for a total value of $380,451.00. Following the completion of the transaction, the director owned 8,132 shares in the company, valued at approximately $1,066,837.08. This represents a 26.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 8.90% of the company's stock.

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.