Strs Ohio Makes New Investment in Dorman Products, Inc. $DORM

Strs Ohio acquired a new position in Dorman Products, Inc. (NASDAQ:DORM) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 8,400 shares of the auto parts company’s stock, valued at approximately $1,013,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in Dorman Products by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 141,288 shares of the auto parts company’s stock worth $17,031,000 after buying an additional 3,206 shares during the period. Flagship Harbor Advisors LLC raised its position in shares of Dorman Products by 12.5% in the 1st quarter. Flagship Harbor Advisors LLC now owns 2,493 shares of the auto parts company’s stock worth $301,000 after acquiring an additional 277 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Dorman Products by 16,876.2% in the 1st quarter. GAMMA Investing LLC now owns 113,910 shares of the auto parts company’s stock worth $13,731,000 after acquiring an additional 113,239 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Dorman Products by 19.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 52,664 shares of the auto parts company’s stock worth $6,823,000 after acquiring an additional 8,494 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Dorman Products by 1,136.2% in the 4th quarter. Wellington Management Group LLP now owns 174,717 shares of the auto parts company’s stock worth $22,635,000 after acquiring an additional 160,584 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Wall Street Analysts Forecast Growth

DORM has been the subject of several research reports. Roth Capital increased their target price on Dorman Products to $182.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Wall Street Zen lowered Dorman Products from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. BMO Capital Markets initiated coverage on Dorman Products in a research report on Thursday. They issued an “outperform” rating and a $180.00 target price for the company. Wells Fargo & Company initiated coverage on Dorman Products in a research report on Friday, August 22nd. They set an “overweight” rating and a $175.00 price objective for the company. Finally, Zacks Research raised Dorman Products from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $172.50.

Insiders Place Their Bets

In other news, SVP Donna M. Long sold 820 shares of the firm’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $122.21, for a total value of $100,212.20. Following the transaction, the senior vice president directly owned 19,074 shares in the company, valued at $2,331,033.54. This trade represents a 4.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Gregory C. Bowen sold 1,453 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $162.81, for a total value of $236,562.93. Following the completion of the transaction, the chief accounting officer owned 4,659 shares in the company, valued at approximately $758,531.79. This trade represents a 23.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.90% of the company’s stock.

Dorman Products Stock Up 1.3%

Dorman Products stock opened at $159.00 on Friday. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of 21.63 and a beta of 0.82. The stock has a fifty day simple moving average of $144.45 and a two-hundred day simple moving average of $130.25. Dorman Products, Inc. has a 12 month low of $106.95 and a 12 month high of $166.89. The company has a current ratio of 2.74, a quick ratio of 1.21 and a debt-to-equity ratio of 0.31.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Monday, August 4th. The auto parts company reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.30. The business had revenue of $540.96 million during the quarter, compared to analyst estimates of $517.13 million. Dorman Products had a return on equity of 19.23% and a net margin of 10.83%.The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.67 EPS. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. Equities analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

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.