Bridge City Capital LLC Grows Position in Dorman Products Inc. (NASDAQ:DORM)

Bridge City Capital LLC boosted its holdings in shares of Dorman Products Inc. (NASDAQ:DORM) by 27.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,869 shares of the auto parts company’s stock after purchasing an additional 6,919 shares during the quarter. Bridge City Capital LLC owned about 0.10% of Dorman Products worth $2,535,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Zions Bancorporation N.A. raised its stake in Dorman Products by 5.7% during the second quarter. Zions Bancorporation N.A. now owns 2,858 shares of the auto parts company’s stock valued at $249,000 after purchasing an additional 155 shares in the last quarter. LPL Financial LLC raised its stake in Dorman Products by 5.0% during the second quarter. LPL Financial LLC now owns 3,531 shares of the auto parts company’s stock valued at $309,000 after purchasing an additional 169 shares in the last quarter. Arizona State Retirement System raised its stake in Dorman Products by 0.4% during the second quarter. Arizona State Retirement System now owns 44,961 shares of the auto parts company’s stock valued at $3,918,000 after purchasing an additional 170 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Dorman Products by 2.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 8,690 shares of the auto parts company’s stock valued at $757,000 after purchasing an additional 170 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in Dorman Products by 1.8% during the second quarter. Oregon Public Employees Retirement Fund now owns 11,462 shares of the auto parts company’s stock valued at $999,000 after purchasing an additional 200 shares in the last quarter. 81.81% of the stock is currently owned by institutional investors.

DORM stock opened at $83.68 on Wednesday. Dorman Products Inc. has a twelve month low of $67.07 and a twelve month high of $97.38. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 2.00 and a beta of 0.55. The firm’s fifty day simple moving average is $79.26 and its two-hundred day simple moving average is $82.04.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Tuesday, July 30th. The auto parts company reported $0.68 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.48). Dorman Products had a net margin of 11.28% and a return on equity of 16.36%. The firm had revenue of $254.18 million for the quarter, compared to the consensus estimate of $263.68 million. During the same quarter last year, the firm earned $1.09 EPS. The company’s revenue was up 6.7% on a year-over-year basis. Equities research analysts forecast that Dorman Products Inc. will post 3.33 earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on DORM shares. ValuEngine downgraded shares of Dorman Products from a “buy” rating to a “hold” rating in a research note on Wednesday, September 25th. Barrington Research reaffirmed a “hold” rating on shares of Dorman Products in a research note on Monday, July 29th. BidaskClub upgraded shares of Dorman Products from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Zacks Investment Research upgraded shares of Dorman Products from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 1st. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Dorman Products presently has a consensus rating of “Hold” and a consensus target price of $97.00.

Dorman Products Profile

Dorman Products, Inc supplies automotive replacement parts, automotive hardware, and brake products to the automotive aftermarket and mass merchandise markets in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and fasteners, including oil drain plugs, wheel bolts, and wheel lug nuts.

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Institutional Ownership by Quarter for Dorman Products (NASDAQ:DORM)

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