Teacher Retirement System of Texas Trims Position in Dorman Products, Inc. $DORM

Teacher Retirement System of Texas trimmed its position in Dorman Products, Inc. (NASDAQ:DORM) by 25.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 37,151 shares of the auto parts company’s stock after selling 12,942 shares during the period. Teacher Retirement System of Texas’ holdings in Dorman Products were worth $5,791,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DORM. Private Trust Co. NA lifted its stake in shares of Dorman Products by 101.2% in the 3rd quarter. Private Trust Co. NA now owns 165 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 83 shares during the period. Salem Investment Counselors Inc. purchased a new position in shares of Dorman Products during the 3rd quarter worth $27,000. Salomon & Ludwin LLC purchased a new position in shares of Dorman Products during the 3rd quarter worth $29,000. EverSource Wealth Advisors LLC grew its position in shares of Dorman Products by 594.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 202 shares during the period. Finally, Richardson Financial Services Inc. increased its stake in shares of Dorman Products by 134.6% in the 3rd quarter. Richardson Financial Services Inc. now owns 244 shares of the auto parts company’s stock worth $38,000 after purchasing an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Insider Buying and Selling at Dorman Products

In other Dorman Products news, SVP Donna M. Long sold 812 shares of Dorman Products stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $123.75, for a total value of $100,485.00. Following the sale, the senior vice president directly owned 17,856 shares in the company, valued at approximately $2,209,680. The trade was a 4.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John Mcknight sold 2,000 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $128.80, for a total transaction of $257,600.00. Following the completion of the sale, the insider owned 9,112 shares in the company, valued at approximately $1,173,625.60. The trade was a 18.00% decrease in their position. The SEC filing for this sale provides additional information. 8.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DORM has been the topic of several analyst reports. Wall Street Zen downgraded Dorman Products from a “buy” rating to a “hold” rating in a research report on Friday. Stephens started coverage on Dorman Products in a research report on Tuesday, September 30th. They set an “overweight” rating and a $185.00 price objective on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Dorman Products in a report on Monday, December 29th. Finally, Zacks Research cut shares of Dorman Products from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $180.50.

Dorman Products Stock Performance

NASDAQ DORM opened at $125.11 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 2.94 and a debt-to-equity ratio of 0.28. Dorman Products, Inc. has a twelve month low of $106.95 and a twelve month high of $166.89. The business has a 50-day moving average price of $127.18 and a 200-day moving average price of $138.21. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 15.58 and a beta of 0.91.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Monday, October 27th. The auto parts company reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.31. Dorman Products had a return on equity of 19.85% and a net margin of 11.62%.The company had revenue of $543.74 million for the quarter, compared to analysts’ expectations of $548.60 million. During the same period in the previous year, the firm earned $1.96 EPS. The firm’s revenue was up 7.9% compared to the same quarter last year. As a group, equities research analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

About Dorman Products

Dorman Products, Inc is a leading independent global supplier of automotive aftermarket parts and hardware. Headquartered in Colmar, Pennsylvania, the company specializes in the design, manufacture and distribution of replacement components for passenger cars, light trucks and commercial vehicles. Dorman’s offerings span both mechanical and electrical systems, providing solutions that help repair shops and retailers address wear-out and collision-related failures on domestic and import vehicles.

The company’s extensive product portfolio includes steering and suspension components, brake system parts, engine management and cooling products, exterior and body hardware, and an array of fasteners, clips and brackets.