Dorman Products (NASDAQ:DORM) Announces Quarterly Earnings Results, Beats Estimates By $0.30 EPS

Key Points

• Dorman Products reported a Q2 EPS of $2.06, surpassing estimates by $0.22.
• Shares traded up significantly on the earnings news, with a current stock price of $124.66 and a market capitalization of $3.80 billion.
• Wall Street analysts have upgraded Dorman's stock rating from "buy" to "strong-buy", indicating increased investor confidence.

Dorman Products (NASDAQ:DORM - Get Free Report) posted its quarterly earnings data on Monday. The auto parts company reported $2.06 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.30, Zacks reports. The company had revenue of $540.96 million during the quarter, compared to analysts' expectations of $517.13 million. Dorman Products had a net margin of 10.83% and a return on equity of 19.64%. The firm's revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.67 earnings per share. Dorman Products updated its FY 2025 guidance to 8.600-8.900 EPS.

Dorman Products Stock Up 5.2%

Shares of NASDAQ:DORM traded up $6.90 during trading on Wednesday, hitting $140.13. 186,067 shares of the company were exchanged, compared to its average volume of 215,623. The firm's 50 day moving average price is $124.43 and its 200-day moving average price is $123.99. The stock has a market capitalization of $4.28 billion, a P/E ratio of 19.13 and a beta of 0.79. Dorman Products has a 12-month low of $103.08 and a 12-month high of $146.60. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.62 and a quick ratio of 1.22.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Dorman Products from a "buy" rating to a "strong-buy" rating in a research report on Friday, May 16th.

Insiders Place Their Bets

In related news, SVP Donna M. Long sold 820 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $122.21, for a total value of $100,212.20. Following the sale, the senior vice president directly owned 19,074 shares of the company's stock, valued at approximately $2,331,033.54. This represents a 4.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John J. Gavin sold 2,900 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $131.19, for a total transaction of $380,451.00. Following the completion of the sale, the director directly owned 8,132 shares in the company, valued at approximately $1,066,837.08. The trade was a 26.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.90% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of DORM. AQR Capital Management LLC lifted its holdings in shares of Dorman Products by 37.4% during the 1st quarter. AQR Capital Management LLC now owns 4,220 shares of the auto parts company's stock worth $509,000 after acquiring an additional 1,148 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in shares of Dorman Products by 14.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,755 shares of the auto parts company's stock worth $453,000 after acquiring an additional 468 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Dorman Products by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,381 shares of the auto parts company's stock valued at $1,854,000 after buying an additional 662 shares during the period. Millennium Management LLC raised its holdings in Dorman Products by 74.6% in the first quarter. Millennium Management LLC now owns 33,021 shares of the auto parts company's stock valued at $3,980,000 after buying an additional 14,110 shares during the period. Finally, United Services Automobile Association purchased a new position in Dorman Products in the first quarter valued at approximately $215,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

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.