Truist Financial Corp lessened its holdings in Dorman Products, Inc. (NASDAQ:DORM – Free Report) by 69.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,838 shares of the auto parts company’s stock after selling 24,623 shares during the period. Truist Financial Corp’s holdings in Dorman Products were worth $1,335,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in shares of Dorman Products by 594.1% in the second quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock worth $29,000 after buying an additional 202 shares during the period. Quent Capital LLC acquired a new stake in shares of Dorman Products in the third quarter worth $38,000. Richardson Financial Services Inc. boosted its position in shares of Dorman Products by 134.6% in the third quarter. Richardson Financial Services Inc. now owns 244 shares of the auto parts company’s stock worth $38,000 after buying an additional 140 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Dorman Products by 26.7% in the third quarter. Jones Financial Companies Lllp now owns 417 shares of the auto parts company’s stock worth $65,000 after buying an additional 88 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in Dorman Products during the first quarter valued at $71,000. Institutional investors and hedge funds own 84.70% of the company’s stock.
Insiders Place Their Bets
In other Dorman Products news, SVP Donna M. Long sold 947 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $103.07, for a total transaction of $97,607.29. Following the transaction, the senior vice president directly owned 20,073 shares in the company, valued at $2,068,924.11. This trade represents a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 7.70% of the stock is currently owned by company insiders.
Dorman Products Price Performance
Dorman Products (NASDAQ:DORM – Get Free Report) last posted its earnings results on Monday, May 4th. The auto parts company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.05. Dorman Products had a return on equity of 17.73% and a net margin of 8.84%.The company had revenue of $528.77 million for the quarter, compared to analyst estimates of $524.80 million. During the same period last year, the company earned $2.02 earnings per share. The business’s revenue was up 4.2% compared to the same quarter last year. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. Analysts forecast that Dorman Products, Inc. will post 8.22 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
DORM has been the subject of a number of research reports. Jefferies Financial Group raised Dorman Products from a “hold” rating to a “buy” rating and reduced their price objective for the company from $159.00 to $140.00 in a research report on Monday, March 2nd. Zacks Research cut Dorman Products from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Weiss Ratings cut Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, January 30th. Wall Street Zen cut Dorman Products from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Stephens reissued an “overweight” rating and set a $150.00 price objective on shares of Dorman Products in a research report on Wednesday, March 18th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $157.00.
Read Our Latest Stock Report on Dorman Products
Dorman Products Profile
Dorman Products, Inc is a leading independent global supplier of automotive aftermarket parts and hardware. Headquartered in Colmar, Pennsylvania, the company specializes in the design, manufacture and distribution of replacement components for passenger cars, light trucks and commercial vehicles. Dorman’s offerings span both mechanical and electrical systems, providing solutions that help repair shops and retailers address wear-out and collision-related failures on domestic and import vehicles.
The company’s extensive product portfolio includes steering and suspension components, brake system parts, engine management and cooling products, exterior and body hardware, and an array of fasteners, clips and brackets.
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