Huntington National Bank grew its holdings in Dorman Products Inc. (NASDAQ:DORM) by 15.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,817 shares of the auto parts company’s stock after acquiring an additional 248 shares during the period. Huntington National Bank’s holdings in Dorman Products were worth $145,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Steward Partners Investment Advisory LLC bought a new stake in Dorman Products in the second quarter worth approximately $28,000. Tower Research Capital LLC TRC bought a new stake in Dorman Products in the second quarter worth approximately $28,000. Strs Ohio grew its position in Dorman Products by 160.0% in the second quarter. Strs Ohio now owns 1,300 shares of the auto parts company’s stock worth $113,000 after acquiring an additional 800 shares in the last quarter. Zions Bancorporation N.A. grew its position in Dorman Products by 5.7% in the second quarter. Zions Bancorporation N.A. now owns 2,858 shares of the auto parts company’s stock worth $249,000 after acquiring an additional 155 shares in the last quarter. Finally, Virginia Retirement Systems ET AL bought a new stake in Dorman Products in the second quarter worth approximately $279,000. 82.17% of the stock is owned by institutional investors.
Shares of Dorman Products stock traded down $1.09 on Friday, reaching $72.45. The stock had a trading volume of 156,700 shares, compared to its average volume of 194,581. The business’s 50-day moving average price is $78.73 and its two-hundred day moving average price is $80.61. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.26 and a current ratio of 3.71. Dorman Products Inc. has a fifty-two week low of $67.39 and a fifty-two week high of $97.38. The stock has a market cap of $2.40 billion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 2.06 and a beta of 0.50.
Dorman Products (NASDAQ:DORM) last posted its earnings results on Monday, October 28th. The auto parts company reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.22). Dorman Products had a return on equity of 14.23% and a net margin of 9.96%. The firm had revenue of $253.80 million during the quarter, compared to the consensus estimate of $268.65 million. During the same period in the previous year, the company posted $1.06 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, equities analysts forecast that Dorman Products Inc. will post 2.85 earnings per share for the current fiscal year.
Several analysts have commented on DORM shares. Barrington Research reissued a “hold” rating on shares of Dorman Products in a research report on Monday, July 29th. BidaskClub downgraded shares of Dorman Products from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. ValuEngine raised shares of Dorman Products from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. Finally, Zacks Investment Research downgraded shares of Dorman Products from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $97.00.
Dorman Products Company Profile
Dorman Products, Inc supplies automotive replacement parts, automotive hardware, and brake products to the automotive aftermarket and mass merchandise markets in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and fasteners, including oil drain plugs, wheel bolts, and wheel lug nuts.
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