Nuveen LLC Buys Shares of 215,500 Dorman Products, Inc. $DORM

Nuveen LLC purchased a new stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 215,500 shares of the auto parts company's stock, valued at approximately $25,976,000. Nuveen LLC owned approximately 0.71% of Dorman Products at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. USA Financial Formulas raised its position in Dorman Products by 127.6% in the 1st quarter. USA Financial Formulas now owns 387 shares of the auto parts company's stock valued at $47,000 after purchasing an additional 217 shares in the last quarter. Blue Trust Inc. raised its position in Dorman Products by 42.5% in the 1st quarter. Blue Trust Inc. now owns 503 shares of the auto parts company's stock valued at $61,000 after purchasing an additional 150 shares in the last quarter. TD Private Client Wealth LLC raised its position in Dorman Products by 51.3% in the 1st quarter. TD Private Client Wealth LLC now owns 575 shares of the auto parts company's stock valued at $69,000 after purchasing an additional 195 shares in the last quarter. Johnson Financial Group Inc. purchased a new position in shares of Dorman Products in the 4th quarter valued at about $86,000. Finally, Vestcor Inc purchased a new position in shares of Dorman Products in the 1st quarter valued at about $92,000. Institutional investors and hedge funds own 84.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DORM. Zacks Research upgraded Dorman Products from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. Wells Fargo & Company began coverage on Dorman Products in a report on Friday. They issued an "overweight" rating and a $175.00 price objective on the stock. Finally, Wall Street Zen downgraded Dorman Products from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $154.00.

Dorman Products Stock Performance

NASDAQ:DORM traded up $8.6240 during mid-day trading on Friday, reaching $161.7440. 70,624 shares of the stock were exchanged, compared to its average volume of 219,360. The company has a 50 day simple moving average of $129.55 and a 200-day simple moving average of $125.49. The stock has a market capitalization of $4.94 billion, a P/E ratio of 22.01 and a beta of 0.79. The company has a quick ratio of 1.21, a current ratio of 2.74 and a debt-to-equity ratio of 0.31. Dorman Products, Inc. has a 1 year low of $106.21 and a 1 year high of $161.87.

Dorman Products (NASDAQ:DORM - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.76 by $0.30. The firm had revenue of $540.96 million for the quarter, compared to the consensus estimate of $517.13 million. Dorman Products had a return on equity of 19.23% and a net margin of 10.83%.The firm's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.67 EPS. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. Analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insider Transactions at Dorman Products

In related news, SVP Donna M. Long sold 820 shares of the firm's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $122.21, for a total transaction of $100,212.20. Following the transaction, the senior vice president owned 19,074 shares in the company, valued at $2,331,033.54. This trade represents a 4.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 8.90% of the stock is owned by corporate insiders.

Dorman Products 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.