Principal Financial Group Inc. Purchases 4,247 Shares of Dorman Products, Inc. (NASDAQ:DORM)

Principal Financial Group Inc. boosted its stake in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 138,082 shares of the auto parts company's stock after purchasing an additional 4,247 shares during the period. Principal Financial Group Inc. owned 0.45% of Dorman Products worth $17,889,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Csenge Advisory Group raised its stake in shares of Dorman Products by 0.5% during the 4th quarter. Csenge Advisory Group now owns 19,298 shares of the auto parts company's stock worth $2,500,000 after purchasing an additional 96 shares in the last quarter. Equitable Trust Co. increased its holdings in Dorman Products by 2.2% during the third quarter. Equitable Trust Co. now owns 4,494 shares of the auto parts company's stock worth $508,000 after buying an additional 97 shares during the last quarter. Heritage Family Offices LLP raised its position in Dorman Products by 4.9% during the fourth quarter. Heritage Family Offices LLP now owns 2,128 shares of the auto parts company's stock worth $276,000 after acquiring an additional 100 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in Dorman Products by 28.3% in the third quarter. First Horizon Advisors Inc. now owns 662 shares of the auto parts company's stock valued at $75,000 after acquiring an additional 146 shares during the last quarter. Finally, Principal Securities Inc. lifted its stake in Dorman Products by 77.6% in the fourth quarter. Principal Securities Inc. now owns 396 shares of the auto parts company's stock valued at $51,000 after acquiring an additional 173 shares during the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Insider Activity

In other Dorman Products news, Director Steven L. Berman sold 8,485 shares of the firm's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $136.83, for a total transaction of $1,161,002.55. Following the transaction, the director now owns 867,671 shares in the company, valued at $118,723,422.93. This trade represents a 0.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Mcknight sold 8,185 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $139.34, for a total value of $1,140,497.90. Following the sale, the insider now directly owns 8,902 shares in the company, valued at approximately $1,240,404.68. This trade represents a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,533 shares of company stock valued at $6,619,683. 10.00% of the stock is owned by insiders.

Dorman Products Stock Performance

DORM stock traded up $3.47 during midday trading on Friday, reaching $131.46. 321,976 shares of the company were exchanged, compared to its average volume of 183,628. Dorman Products, Inc. has a one year low of $86.61 and a one year high of $146.60. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 21.98 and a beta of 0.88. The business has a 50-day moving average price of $128.60 and a two-hundred day moving average price of $123.95. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.34 and a quick ratio of 1.16.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DORM. Roth Mkm reaffirmed a "buy" rating and issued a $153.00 target price (up from $126.00) on shares of Dorman Products in a report on Monday, November 4th. StockNews.com downgraded Dorman Products from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, February 11th.

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.