Rice Hall James & Associates LLC Takes $4.78 Million Position in Dorman Products, Inc. $DORM

Rice Hall James & Associates LLC acquired a new position in shares of Dorman Products, Inc. (NASDAQ:DORM) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 35,010 shares of the auto parts company’s stock, valued at approximately $4,777,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DORM. Coldstream Capital Management Inc. raised its holdings in Dorman Products by 3.7% in the third quarter. Coldstream Capital Management Inc. now owns 2,696 shares of the auto parts company’s stock valued at $420,000 after acquiring an additional 97 shares in the last quarter. Corient Private Wealth LLC grew its holdings in Dorman Products by 2.6% during the 2nd quarter. Corient Private Wealth LLC now owns 3,842 shares of the auto parts company’s stock worth $471,000 after acquiring an additional 99 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Dorman Products by 6.4% in the 3rd quarter. Mackenzie Financial Corp now owns 1,740 shares of the auto parts company’s stock valued at $271,000 after purchasing an additional 105 shares during the last quarter. Keybank National Association OH increased its position in shares of Dorman Products by 1.5% in the 1st quarter. Keybank National Association OH now owns 7,101 shares of the auto parts company’s stock valued at $741,000 after purchasing an additional 106 shares during the last quarter. Finally, Huntington National Bank raised its holdings in shares of Dorman Products by 12.8% in the 4th quarter. Huntington National Bank now owns 981 shares of the auto parts company’s stock valued at $121,000 after purchasing an additional 111 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Dorman Products Stock Performance

Shares of Dorman Products stock opened at $133.70 on Tuesday. The company has a quick ratio of 1.73, a current ratio of 3.60 and a debt-to-equity ratio of 0.29. Dorman Products, Inc. has a 52 week low of $98.44 and a 52 week high of $166.89. The firm’s 50 day moving average is $134.48 and its two-hundred day moving average is $122.43. The firm has a market capitalization of $3.97 billion, a P/E ratio of 18.52 and a beta of 0.98.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Monday, August 3rd. The auto parts company reported $3.08 earnings per share for the quarter, topping 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 business had revenue of $544.60 million during the quarter, compared to the consensus estimate of $582.24 million. During the same quarter in the previous year, the firm earned $2.06 EPS. The company’s revenue was up .7% compared to the same quarter last year. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. Research analysts forecast that Dorman Products, Inc. will post 8.65 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Gregory C. Bowen sold 3,531 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $774,353.40. The trade was a 39.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on DORM. Barrington Research reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Dorman Products in a research report on Monday, May 4th. Weiss Ratings raised Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Zacks Research upgraded Dorman Products from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Roth Capital reaffirmed a “buy” rating on shares of Dorman Products in a report on Wednesday, August 5th. Finally, Wells Fargo & Company upped their price objective on Dorman Products from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $160.33.

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.