Dorman Products, Inc. $DORM Stock Holdings Reduced by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 43.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,094 shares of the auto parts company’s stock after selling 4,603 shares during the period. State of Alaska Department of Revenue’s holdings in Dorman Products were worth $746,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Reinhart Partners LLC. increased its stake in Dorman Products by 1.8% during the third quarter. Reinhart Partners LLC. now owns 696,562 shares of the auto parts company’s stock worth $85,399,000 after acquiring an additional 12,180 shares during the last quarter. GAMMA Investing LLC raised its position in Dorman Products by 32.9% in the third quarter. GAMMA Investing LLC now owns 857 shares of the auto parts company’s stock valued at $105,000 after purchasing an additional 212 shares during the period. Versant Capital Management Inc raised its position in Dorman Products by 301.5% in the third quarter. Versant Capital Management Inc now owns 542 shares of the auto parts company’s stock valued at $66,000 after purchasing an additional 407 shares during the period. QRG Capital Management Inc. raised its position in Dorman Products by 9.5% in the second quarter. QRG Capital Management Inc. now owns 2,500 shares of the auto parts company’s stock valued at $341,000 after purchasing an additional 217 shares during the period. Finally, Tidal Investments LLC lifted its stake in shares of Dorman Products by 63.8% in the 2nd quarter. Tidal Investments LLC now owns 6,595 shares of the auto parts company’s stock valued at $900,000 after purchasing an additional 2,568 shares during the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Dorman Products Stock Performance

Shares of DORM stock opened at $127.49 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.73 and a current ratio of 3.60. The firm has a market cap of $3.78 billion, a P/E ratio of 17.66 and a beta of 1.02. The firm’s 50 day moving average price is $126.16 and its 200-day moving average price is $125.79. Dorman Products, Inc. has a one year low of $98.44 and a one year high of $164.00.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Monday, August 3rd. The auto parts company reported $3.08 earnings per share for the quarter, beating the consensus estimate of $1.89 by $1.19. Dorman Products had a net margin of 10.18% and a return on equity of 19.37%. The firm had revenue of $544.60 million during the quarter, compared to the consensus estimate of $582.24 million. During the same quarter last year, the firm earned $2.06 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. As a group, equities research analysts predict that Dorman Products, Inc. will post 8.65 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on DORM shares. Wells Fargo & Company increased 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. Freedom Capital downgraded Dorman Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Weiss Ratings upgraded shares of Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Dorman Products in a research report on Wednesday, August 5th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $150.00.

Insider Buying and Selling

In other Dorman Products news, CAO Gregory Bowen sold 3,531 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $145.01, for a total transaction of $512,030.31. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.70% of the stock is owned by company insiders.

Dorman Products Profile

Dorman Products, Inc develops, manufactures and distributes replacement and upgrade parts for automobiles, light-, medium- and heavy-duty trucks, and other vehicles. Its products are sold primarily through the automotive aftermarket, serving professional repair shops, retailers, distributors, e-commerce channels and do-it-yourself consumers.

The company offers a broad range of products, including engine, transmission, cooling, electrical, steering, suspension, braking, chassis and body components.