Brown Advisory Inc. Acquires 4,224 Shares of Dorman Products, Inc. $DORM

Brown Advisory Inc. boosted its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 50.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,554 shares of the auto parts company’s stock after buying an additional 4,224 shares during the quarter. Brown Advisory Inc.’s holdings in Dorman Products were worth $1,540,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in shares of Dorman Products by 594.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock worth $29,000 after acquiring an additional 202 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Dorman Products by 961.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 329 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 298 shares during the period. Acadian Asset Management LLC purchased a new position in Dorman Products during the first quarter valued at $71,000. Elevation Point Wealth Partners LLC bought a new stake in Dorman Products during the second quarter valued at about $110,000. Finally, Advisors Asset Management Inc. grew its holdings in Dorman Products by 38.8% during the first quarter. Advisors Asset Management Inc. now owns 912 shares of the auto parts company’s stock valued at $110,000 after purchasing an additional 255 shares during the period. 84.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dorman Products

In related news, 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 transaction of $236,562.93. Following the transaction, the chief accounting officer directly owned 4,659 shares in the company, valued at approximately $758,531.79. This represents a 23.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on DORM shares. Roth Capital raised their price objective on Dorman Products to $182.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Wells Fargo & Company initiated coverage on shares of Dorman Products in a report on Friday, August 22nd. They set an “overweight” rating and a $175.00 price target on the stock. Zacks Research lowered shares of Dorman Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. Wall Street Zen downgraded shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 26th. Finally, Stephens began coverage on shares of Dorman Products in a research note on Tuesday, September 30th. They set an “overweight” rating and a $185.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $180.50.

Dorman Products Stock Performance

NASDAQ DORM opened at $125.71 on Thursday. The company has a market cap of $3.84 billion, a P/E ratio of 15.66 and a beta of 0.88. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.19 and a current ratio of 2.94. The business’s 50 day moving average price is $137.00 and its 200-day moving average price is $138.03. Dorman Products, Inc. has a fifty-two week low of $106.95 and a fifty-two week high of $166.89.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Monday, October 27th. The auto parts company reported $2.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.31 by $0.31. The company had revenue of $543.74 million during the quarter, compared to the consensus estimate of $548.60 million. Dorman Products had a return on equity of 19.85% and a net margin of 11.62%.Dorman Products’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the company earned $1.96 earnings per share. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. Sell-side analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Dorman Products Company 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.