Norges Bank Purchases New Stake in Dorman Products, Inc. $DORM

Norges Bank purchased a new stake in Dorman Products, Inc. (NASDAQ:DORM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 336,784 shares of the auto parts company’s stock, valued at approximately $41,488,000.

Several other hedge funds have also recently bought and sold shares of the business. Oliver Luxxe Assets LLC purchased a new position in Dorman Products in the fourth quarter valued at about $1,885,000. Envestnet Asset Management Inc. raised its position in Dorman Products by 15.6% in the third quarter. Envestnet Asset Management Inc. now owns 190,530 shares of the auto parts company’s stock valued at $29,700,000 after purchasing an additional 25,710 shares during the period. First National Bank of Omaha purchased a new position in Dorman Products in the third quarter valued at about $5,099,000. First Eagle Investment Management LLC purchased a new position in Dorman Products in the fourth quarter valued at about $9,035,000. Finally, Vanguard Group Inc. raised its position in Dorman Products by 0.3% in the third quarter. Vanguard Group Inc. now owns 3,061,577 shares of the auto parts company’s stock valued at $477,239,000 after purchasing an additional 9,811 shares during the period. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Dorman Products Stock Up 1.0%

Shares of NASDAQ DORM opened at $128.31 on Tuesday. Dorman Products, Inc. has a 1 year low of $98.44 and a 1 year high of $166.89. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 20.70 and a beta of 0.99. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.28 and a current ratio of 3.29. The stock’s 50-day simple moving average is $114.37 and its 200-day simple moving average is $119.83.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Monday, May 4th. The auto parts company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.05. Dorman Products had a return on equity of 17.73% and a net margin of 8.84%.The business had revenue of $528.77 million for the quarter, compared to analyst estimates of $524.80 million. During the same period in the previous year, the company earned $2.02 earnings per share. The company’s revenue for the quarter 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. As a group, equities analysts anticipate that Dorman Products, Inc. will post 8.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on DORM shares. Zacks Research raised Dorman Products from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Barrington Research reiterated an “outperform” rating and set a $150.00 price objective on shares of Dorman Products in a research note on Monday, May 4th. Jefferies Financial Group upgraded shares of Dorman Products from a “hold” rating to a “buy” rating and dropped their price objective for the company from $159.00 to $140.00 in a research note on Monday, March 2nd. Stephens reiterated an “overweight” rating and set a $150.00 price objective on shares of Dorman Products in a research note on Wednesday, March 18th. Finally, Wells Fargo & Company dropped their price objective on shares of Dorman Products from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $157.00.

Insider Activity

In related news, SVP Donna M. Long sold 947 shares of Dorman Products stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $103.07, for a total value of $97,607.29. Following the completion of the sale, the senior vice president owned 20,073 shares in the company, valued at approximately $2,068,924.11. The trade was a 4.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.70% of the company’s stock.

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.