Neuberger Berman Group LLC Has $1.45 Million Holdings in Dorman Products, Inc. (DORM)
Neuberger Berman Group LLC raised its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,465 shares of the auto parts company’s stock after buying an additional 352 shares during the period. Neuberger Berman Group LLC owned about 0.05% of Dorman Products worth $1,446,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Great Lakes Advisors LLC boosted its position in Dorman Products by 19.4% during the second quarter. Great Lakes Advisors LLC now owns 69,429 shares of the auto parts company’s stock valued at $5,747,000 after buying an additional 11,282 shares during the period. Bridge City Capital LLC purchased a new stake in Dorman Products during the second quarter valued at about $1,374,000. American Century Companies Inc. purchased a new stake in Dorman Products during the second quarter valued at about $4,733,000. Victory Capital Management Inc. boosted its position in Dorman Products by 17.5% during the second quarter. Victory Capital Management Inc. now owns 2,268 shares of the auto parts company’s stock valued at $188,000 after buying an additional 338 shares during the period. Finally, BB&T Securities LLC boosted its position in Dorman Products by 9.6% during the second quarter. BB&T Securities LLC now owns 4,816 shares of the auto parts company’s stock valued at $398,000 after buying an additional 422 shares during the period. Institutional investors and hedge funds own 75.61% of the company’s stock.
In related news, Director Paul R. Lederer sold 1,800 shares of Dorman Products stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $74.82, for a total transaction of $134,676.00. Following the completion of the transaction, the director now directly owns 16,961 shares of the company’s stock, valued at approximately $1,269,022.02. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 11.70% of the stock is currently owned by insiders.
Several analysts have issued reports on DORM shares. Zacks Investment Research upgraded shares of Dorman Products from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research report on Monday, June 26th. BidaskClub lowered shares of Dorman Products from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Finally, FBR & Co restated a “mkt perform” rating and set a $74.50 price target on shares of Dorman Products in a research report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $81.25.
Dorman Products, Inc. (NASDAQ DORM) opened at 67.95 on Friday. The company has a market capitalization of $2.31 billion, a P/E ratio of 20.65 and a beta of 0.64. Dorman Products, Inc. has a 52 week low of $60.00 and a 52 week high of $88.50. The stock’s 50 day moving average is $69.67 and its 200 day moving average is $77.76.
Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Tuesday, August 1st. The auto parts company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.01). Dorman Products had a return on equity of 18.64% and a net margin of 12.66%. The firm had revenue of $229.26 million for the quarter, compared to analysts’ expectations of $225.91 million. During the same period in the prior year, the firm posted $0.75 earnings per share. Dorman Products’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities research analysts expect that Dorman Products, Inc. will post $3.45 earnings per share for the current year.
Dorman Products Profile
Dorman Products, Inc is a supplier of replacement parts and fasteners for passenger cars, light trucks and heavy duty trucks in the automotive aftermarket. As of December 31, 2016, the Company distributed and marketed approximately 155,000 different stock keeping units (SKU’s) of automotive replacement parts and fasteners.
Receive News & Ratings for Dorman Products Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dorman Products Inc. and related companies with MarketBeat.com's FREE daily email newsletter.