GAMMA Investing LLC Has $95,000 Stake in Dorman Products, Inc. $DORM

GAMMA Investing LLC decreased its stake in Dorman Products, Inc. (NASDAQ:DORM) by 17.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 777 shares of the auto parts company’s stock after selling 168 shares during the quarter. GAMMA Investing LLC’s holdings in Dorman Products were worth $95,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. USA Financial Formulas boosted its stake in Dorman Products by 127.6% in the 1st quarter. USA Financial Formulas now owns 387 shares of the auto parts company’s stock valued at $47,000 after buying an additional 217 shares in the last quarter. Blue Trust Inc. boosted its stake in Dorman Products by 42.5% in the 1st quarter. Blue Trust Inc. now owns 503 shares of the auto parts company’s stock valued at $61,000 after buying an additional 150 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in Dorman Products by 51.3% in the 1st quarter. TD Private Client Wealth LLC now owns 575 shares of the auto parts company’s stock valued at $69,000 after buying an additional 195 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Dorman Products in the 1st quarter valued at $71,000. Finally, Vestcor Inc acquired a new stake in Dorman Products in the 1st quarter valued at $92,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

Wall Street Analysts Forecast Growth

DORM has been the topic of several recent analyst reports. BMO Capital Markets assumed coverage on Dorman Products in a research note on Thursday, September 18th. They issued an “outperform” rating and a $180.00 price target on the stock. Roth Capital boosted their price objective on Dorman Products to $182.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Stephens assumed coverage on Dorman Products in a research note on Tuesday. They issued an “overweight” rating and a $185.00 price objective on the stock. Wall Street Zen lowered Dorman Products from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. Finally, Wells Fargo & Company assumed coverage on Dorman Products in a research note on Friday, August 22nd. They issued an “overweight” rating and a $175.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $175.00.

Dorman Products Trading Down 0.4%

DORM stock opened at $155.18 on Thursday. The company has a market cap of $4.74 billion, a P/E ratio of 21.11 and a beta of 0.84. Dorman Products, Inc. has a twelve month low of $106.95 and a twelve month high of $166.89. The company has a quick ratio of 1.21, a current ratio of 2.74 and a debt-to-equity ratio of 0.31. The business has a fifty day moving average of $150.39 and a 200-day moving average of $131.93.

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

Insider Transactions at Dorman Products

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

About Dorman Products

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.