Thrivent Financial for Lutherans Grows Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

Thrivent Financial for Lutherans lifted its position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 21.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,242 shares of the auto parts company's stock after acquiring an additional 5,441 shares during the quarter. Thrivent Financial for Lutherans owned 0.10% of Dorman Products worth $4,047,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. purchased a new position in Dorman Products during the 3rd quarter valued at $31,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Dorman Products by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 350,615 shares of the auto parts company's stock valued at $39,662,000 after purchasing an additional 3,365 shares during the period. Citigroup Inc. boosted its stake in shares of Dorman Products by 70.9% during the third quarter. Citigroup Inc. now owns 35,697 shares of the auto parts company's stock valued at $4,038,000 after purchasing an additional 14,807 shares during the period. Cerity Partners LLC grew its holdings in shares of Dorman Products by 50.8% in the third quarter. Cerity Partners LLC now owns 27,300 shares of the auto parts company's stock worth $3,088,000 after purchasing an additional 9,201 shares during the last quarter. Finally, FMR LLC increased its stake in Dorman Products by 63.5% in the 3rd quarter. FMR LLC now owns 3,322 shares of the auto parts company's stock worth $376,000 after buying an additional 1,290 shares during the period. 84.70% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other Dorman Products news, SVP Donna M. Long sold 742 shares of Dorman Products stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $130.38, for a total value of $96,741.96. Following the transaction, the senior vice president now owns 19,894 shares in the company, valued at $2,593,779.72. The trade was a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven L. Berman sold 617 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $123.23, for a total transaction of $76,032.91. Following the sale, the director now directly owns 832,910 shares of the company's stock, valued at approximately $102,639,499.30. The trade was a 0.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,842 shares of company stock valued at $4,048,449 over the last 90 days. Corporate insiders own 10.00% of the company's stock.

Dorman Products Stock Down 3.5 %

Shares of DORM traded down $4.44 during midday trading on Friday, reaching $120.71. 241,376 shares of the stock were exchanged, compared to its average volume of 157,653. The company has a market capitalization of $3.69 billion, a P/E ratio of 20.19 and a beta of 0.84. The company has a current ratio of 2.34, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. Dorman Products, Inc. has a 52 week low of $86.61 and a 52 week high of $146.60. The company's 50 day moving average is $127.87 and its two-hundred day moving average is $126.69.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its earnings results on Wednesday, February 26th. The auto parts company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.21. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The company had revenue of $533.77 million for the quarter, compared to analysts' expectations of $523.95 million. On average, sell-side analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Dorman Products from a "strong-buy" rating to a "buy" rating in a research note on Friday, March 14th.

About Dorman Products

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.