Radnor Capital Management LLC Invests $226,000 in Dorman Products, Inc. (NASDAQ:DORM)

Radnor Capital Management LLC acquired a new position in shares of Dorman Products, Inc. (NASDAQ:DORM) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,000 shares of the auto parts company’s stock, valued at approximately $226,000.

Several other large investors also recently modified their holdings of the company. QRG Capital Management Inc. acquired a new stake in shares of Dorman Products during the third quarter worth $204,000. Farther Finance Advisors LLC increased its position in shares of Dorman Products by 5,460.0% during the third quarter. Farther Finance Advisors LLC now owns 278 shares of the auto parts company’s stock worth $31,000 after buying an additional 273 shares during the period. US Bancorp DE increased its position in shares of Dorman Products by 3.7% during the third quarter. US Bancorp DE now owns 8,382 shares of the auto parts company’s stock worth $948,000 after buying an additional 298 shares during the period. New York State Teachers Retirement System increased its position in shares of Dorman Products by 11.9% during the third quarter. New York State Teachers Retirement System now owns 23,659 shares of the auto parts company’s stock worth $2,676,000 after buying an additional 2,509 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in shares of Dorman Products by 4.1% during the third quarter. Nisa Investment Advisors LLC now owns 9,630 shares of the auto parts company’s stock worth $1,089,000 after buying an additional 381 shares during the period. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Jeffery Darby sold 1,400 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $113.98, for a total value of $159,572.00. Following the completion of the sale, the senior vice president now owns 22,271 shares in the company, valued at $2,538,448.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, SVP Jeffery Darby sold 1,400 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $113.98, for a total value of $159,572.00. Following the completion of the sale, the senior vice president now owns 22,271 shares in the company, valued at $2,538,448.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Steven L. Berman sold 27,632 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $115.72, for a total transaction of $3,197,575.04. Following the completion of the sale, the director now owns 936,024 shares of the company’s stock, valued at approximately $108,316,697.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 59,833 shares of company stock worth $7,050,877 over the last quarter. Insiders own 10.00% of the company’s stock.

Dorman Products Stock Down 2.6 %

Dorman Products stock opened at $133.35 on Friday. Dorman Products, Inc. has a 1-year low of $66.07 and a 1-year high of $146.60. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 22.30 and a beta of 0.83. The firm’s fifty day moving average price is $115.46 and its two-hundred day moving average price is $102.63. 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 (NASDAQ:DORM) last released its quarterly earnings data on Thursday, October 31st. The auto parts company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.43. Dorman Products had a net margin of 9.43% and a return on equity of 16.95%. The firm had revenue of $503.77 million for the quarter, compared to analyst estimates of $509.54 million. During the same period last year, the firm earned $1.40 earnings per share. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. On average, equities research analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DORM shares. Roth Mkm reiterated a “buy” rating and set a $153.00 price objective (up from $126.00) on shares of Dorman Products in a research report on Monday. CJS Securities began coverage on shares of Dorman Products in a research note on Friday, September 13th. They set an “outperform” rating and a $134.00 target price on the stock. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $125.67.

Dorman Products Company 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.