Zions Bancorporation National Association UT Acquires 1,227 Shares of Dorman Products, Inc. $DORM

Zions Bancorporation National Association UT raised its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 12.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,761 shares of the auto parts company’s stock after buying an additional 1,227 shares during the quarter. Zions Bancorporation National Association UT’s holdings in Dorman Products were worth $1,320,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Campbell & CO Investment Adviser LLC bought a new stake in shares of Dorman Products during the 2nd quarter valued at about $1,375,000. Los Angeles Capital Management LLC raised its stake in Dorman Products by 2.1% in the second quarter. Los Angeles Capital Management LLC now owns 9,968 shares of the auto parts company’s stock valued at $1,223,000 after purchasing an additional 207 shares in the last quarter. Convergence Financial LLC lifted its position in Dorman Products by 71.6% during the second quarter. Convergence Financial LLC now owns 3,189 shares of the auto parts company’s stock valued at $391,000 after purchasing an additional 1,331 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Dorman Products by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 182,990 shares of the auto parts company’s stock worth $22,447,000 after buying an additional 2,732 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Dorman Products by 2.3% in the 2nd quarter. Bank of Montreal Can now owns 4,556 shares of the auto parts company’s stock worth $559,000 after buying an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Dorman Products Price Performance

DORM stock opened at $134.29 on Monday. The firm has a market cap of $4.10 billion, a P/E ratio of 16.72 and a beta of 0.84. The firm’s fifty day moving average is $150.01 and its 200 day moving average is $136.86. Dorman Products, Inc. has a 52 week low of $106.95 and a 52 week high of $166.89. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.21 and a current ratio of 2.94.

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

Insiders Place Their Bets

In related news, CAO Gregory C. Bowen sold 1,453 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was 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 $758,531.79. This trade represents a 23.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 26th. Zacks Research cut Dorman Products from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Roth Capital lifted their price target on Dorman Products to $182.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Weiss Ratings upgraded Dorman Products from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Finally, BMO Capital Markets initiated coverage on Dorman Products in a research report on Thursday, September 18th. They set an “outperform” rating and a $180.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $180.50.

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.