2,035 Shares in Dorman Products, Inc. $DORM Bought by MQS Management LLC

MQS Management LLC purchased a new position in shares of Dorman Products, Inc. (NASDAQ:DORM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,035 shares of the auto parts company’s stock, valued at approximately $250,000.

A number of other hedge funds have also recently added to or reduced their stakes in DORM. Caitong International Asset Management Co. Ltd boosted its holdings in Dorman Products by 961.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 329 shares of the auto parts company’s stock worth $40,000 after buying an additional 298 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in Dorman Products by 51.3% during the first quarter. TD Private Client Wealth LLC now owns 575 shares of the auto parts company’s stock worth $69,000 after buying an additional 195 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in Dorman Products during the first quarter worth $71,000. Vestcor Inc purchased a new stake in Dorman Products during the first quarter worth $92,000. Finally, Advisors Asset Management Inc. boosted 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 worth $110,000 after buying an additional 255 shares in the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dorman Products

In related news, CAO Gregory C. Bowen sold 1,453 shares of the firm’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 completion of the sale, the chief accounting officer directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DORM shares. Wall Street Zen downgraded shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a report on Sunday. 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 objective on the stock. Zacks Research raised shares of Dorman Products from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 13th. Weiss Ratings raised shares of 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 shares of Dorman Products in a report on Thursday, September 18th. They set an “outperform” rating and a $180.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $175.00.

Dorman Products Stock Performance

NASDAQ:DORM opened at $153.75 on Tuesday. The company’s 50-day moving average price is $154.77 and its 200-day moving average price is $135.31. The company has a current ratio of 2.74, a quick ratio of 1.21 and a debt-to-equity ratio of 0.31. The company has a market cap of $4.69 billion, a P/E ratio of 20.92 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.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Monday, October 27th. The auto parts company reported $2.62 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.31. The firm had revenue of $543.74 million for the quarter, compared to the consensus estimate of $548.60 million. Dorman Products had a net margin of 10.83% and a return on equity of 19.23%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the firm posted $1.96 earnings per share. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. On average, sell-side analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal 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.