Leeward Investments LLC MA Has $16.83 Million Stock Position in Dorman Products, Inc. (NASDAQ:DORM)

Leeward Investments LLC MA reduced its stake in Dorman Products, Inc. (NASDAQ:DORM) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 129,903 shares of the auto parts company’s stock after selling 9,661 shares during the quarter. Leeward Investments LLC MA owned about 0.43% of Dorman Products worth $16,829,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Csenge Advisory Group lifted its stake in shares of Dorman Products by 0.5% in the fourth quarter. Csenge Advisory Group now owns 19,298 shares of the auto parts company’s stock worth $2,500,000 after acquiring an additional 96 shares during the period. Equitable Trust Co. increased its holdings in Dorman Products by 2.2% in the third quarter. Equitable Trust Co. now owns 4,494 shares of the auto parts company’s stock worth $508,000 after purchasing an additional 97 shares in the last quarter. Heritage Family Offices LLP increased its holdings in Dorman Products by 4.9% in the fourth quarter. Heritage Family Offices LLP now owns 2,128 shares of the auto parts company’s stock worth $276,000 after purchasing an additional 100 shares in the last quarter. First Horizon Advisors Inc. increased its holdings 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 worth $75,000 after purchasing an additional 146 shares in the last quarter. Finally, Principal Securities Inc. increased its holdings in Dorman Products by 77.6% in the fourth quarter. Principal Securities Inc. now owns 396 shares of the auto parts company’s stock worth $51,000 after purchasing an additional 173 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Steven L. Berman sold 9,238 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $132.73, for a total transaction of $1,226,159.74. Following the completion of the sale, the director now owns 788,688 shares in the company, valued at $104,682,558.24. The trade was a 1.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Eric Luftig sold 3,278 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $141.19, for a total value of $462,820.82. Following the sale, the senior vice president now owns 5,934 shares of the company’s stock, valued at approximately $837,821.46. This represents a 35.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 52,811 shares of company stock worth $7,082,504 over the last quarter. 10.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DORM. Roth Mkm reiterated 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 report on Tuesday, February 11th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $125.67.

Dorman Products Trading Down 2.2 %

NASDAQ DORM opened at $123.77 on Friday. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 20.70 and a beta of 0.88. Dorman Products, Inc. has a 52 week low of $80.67 and a 52 week high of $146.60. The business has a 50 day moving average price of $129.21 and a 200-day moving average price of $123.53. The company has a quick ratio of 1.16, a current ratio of 2.34 and a debt-to-equity ratio of 0.37.

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.