First National Bank of Omaha bought a new position in shares of Dorman Products, Inc. (NASDAQ:DORM – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 35,529 shares of the auto parts company’s stock, valued at approximately $4,848,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of DORM. EverSource Wealth Advisors LLC grew its position in Dorman Products by 594.1% during the second quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock valued at $29,000 after buying an additional 202 shares during the period. Miller Capital Partners Inc. purchased a new stake in shares of Dorman Products during the 4th quarter worth about $37,000. Sankala Group LLC acquired a new stake in shares of Dorman Products during the 4th quarter valued at about $47,000. Kestra Advisory Services LLC acquired a new stake in shares of Dorman Products during the 4th quarter valued at about $48,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Dorman Products in the 4th quarter valued at about $60,000. 84.70% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Dorman Products
In other news, CAO Gregory C. Bowen sold 3,531 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $145.01, for a total value of $512,030.31. Following the completion of the sale, the chief accounting officer directly owned 5,340 shares in the company, valued at $774,353.40. This represents a 39.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 7.70% of the stock is owned by company insiders.
Dorman Products Stock Performance
Dorman Products (NASDAQ:DORM – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The auto parts company reported $3.08 EPS for the quarter, topping the consensus estimate of $1.89 by $1.19. The firm had revenue of $544.60 million during the quarter, compared to analysts’ expectations of $582.24 million. Dorman Products had a return on equity of 19.37% and a net margin of 10.18%.The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the business earned $2.06 earnings per share. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. As a group, equities research analysts anticipate that Dorman Products, Inc. will post 8.65 EPS for the current fiscal year.
Wall Street Analyst Weigh In
DORM has been the subject of a number of analyst reports. Wells Fargo & Company upped their price target on Dorman Products from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Barrington Research restated an “outperform” rating and issued a $150.00 price objective on shares of Dorman Products in a research report on Monday, May 4th. Roth Capital reaffirmed a “buy” rating on shares of Dorman Products in a research note on Wednesday, August 5th. Weiss Ratings upgraded Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Finally, Zacks Research raised shares of Dorman Products from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $160.33.
Check Out Our Latest Research Report on DORM
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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