Truist Financial Corp Has $4.59 Million Holdings in Dorman Products, Inc. (NASDAQ:DORM)

Truist Financial Corp increased its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,405 shares of the auto parts company’s stock after purchasing an additional 602 shares during the period. Truist Financial Corp owned approximately 0.12% of Dorman Products worth $4,587,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Principal Financial Group Inc. lifted its position in shares of Dorman Products by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 138,082 shares of the auto parts company’s stock worth $17,889,000 after purchasing an additional 4,247 shares in the last quarter. Csenge Advisory Group lifted its holdings in Dorman Products by 0.5% during 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 in the last quarter. Principal Securities Inc. raised its holdings in Dorman Products by 77.6% during the 4th quarter. Principal Securities Inc. now owns 396 shares of the auto parts company’s stock worth $51,000 after buying an additional 173 shares during the period. Blue Trust Inc. lifted its position in Dorman Products by 1,581.0% in the 4th quarter. Blue Trust Inc. now owns 353 shares of the auto parts company’s stock valued at $46,000 after acquiring an additional 332 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its position in shares of Dorman Products by 4.2% during the fourth quarter. New York State Teachers Retirement System now owns 24,641 shares of the auto parts company’s stock worth $3,192,000 after buying an additional 982 shares during the period. Institutional investors own 84.70% of the company’s stock.

Insider Transactions at Dorman Products

In related news, insider John Mcknight sold 8,185 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $139.34, for a total value of $1,140,497.90. Following the sale, the insider now owns 8,902 shares of the company’s stock, valued at $1,240,404.68. The trade was a 47.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Steven L. Berman sold 8,524 shares of the firm’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $131.79, for a total value of $1,123,377.96. Following the transaction, the director now directly owns 773,094 shares of the company’s stock, valued at approximately $101,886,058.26. This represents a 1.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,533 shares of company stock valued at $6,619,683. Corporate insiders own 10.00% of the company’s stock.

Dorman Products Trading Down 2.2 %

Shares of Dorman Products stock opened at $123.77 on Monday. The firm’s 50-day moving average price is $129.21 and its two-hundred day moving average price is $123.66. 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, Inc. has a 12-month low of $80.67 and a 12-month high of $146.60. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 20.70 and a beta of 0.88.

Analyst Ratings Changes

DORM has been the subject of several recent research reports. Roth Mkm restated a “buy” rating and set a $153.00 target price (up previously from $126.00) on shares of Dorman Products in a report on Monday, November 4th. StockNews.com cut shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 11th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $125.67.

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.