284,244 Shares in Dorman Products, Inc. $DORM Bought by American Capital Management Inc.

Key Points

• American Capital Management acquired 284,244 shares of Dorman Products in the second quarter, worth approximately $38.8 million, giving it a 0.96% stake. Institutional investors collectively own 84.7% of the company.
• Analyst sentiment remains positive, with six Buy ratings and three Holds producing a consensus “Moderate Buy” rating and a $156 price target.
• Dorman Products reported quarterly EPS of $3.08, exceeding the $1.89 estimate, while revenue reached $544.6 million. The stock opened at $129.40 and trades at a P/E ratio of 17.92.

American Capital Management Inc. purchased a new position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 284,244 shares of the auto parts company's stock, valued at approximately $38,785,000. Dorman Products makes up 1.7% of American Capital Management Inc.'s holdings, making the stock its 24th biggest position. American Capital Management Inc. owned approximately 0.96% of Dorman Products as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Allworth Financial LP bought a new position in shares of Dorman Products during the second quarter worth $25,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Dorman Products in the 2nd quarter worth $26,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Dorman Products by 594.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company's stock valued at $29,000 after purchasing an additional 202 shares during the last quarter. Miller Capital Partners Inc. bought a new position in shares of Dorman Products during the 4th quarter valued at about $37,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Dorman Products during the fourth quarter valued at about $48,000. 84.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DORM has been the subject of several research reports. Wells Fargo & Company increased their price objective on shares of Dorman Products from $155.00 to $160.00 and gave the company an "overweight" rating in a research report on Wednesday, August 5th. Zacks Research upgraded shares of Dorman Products from a "strong sell" rating to a "hold" rating in a research report on Friday, May 15th. Roth Capital reaffirmed a "buy" rating on shares of Dorman Products in a report on Wednesday, August 5th. Freedom Capital lowered Dorman Products from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 10th. Finally, Weiss Ratings raised Dorman Products from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 10th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $156.00.

Dorman Products Stock Performance

Shares of Dorman Products stock opened at $129.40 on Thursday. The company has a current ratio of 3.60, a quick ratio of 1.73 and a debt-to-equity ratio of 0.29. The stock's fifty day moving average price is $135.20 and its 200-day moving average price is $122.74. The firm has a market cap of $3.84 billion, a P/E ratio of 17.92 and a beta of 0.98. Dorman Products, Inc. has a 12 month low of $98.44 and a 12 month high of $166.89.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The auto parts company reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $1.19. The company had revenue of $544.60 million for the quarter, compared to analyst estimates of $582.24 million. Dorman Products had a net margin of 10.18% and a return on equity of 19.37%. Dorman Products's revenue was up .7% compared to the same quarter last year. During the same period last year, the company posted $2.06 earnings per share. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. On average, equities research analysts expect that Dorman Products, Inc. will post 8.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Gregory C. Bowen sold 3,531 shares of Dorman Products stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $145.01, for a total transaction of $512,030.31. Following the completion of the sale, the chief accounting officer directly owned 5,340 shares in the company, valued at approximately $774,353.40. The trade was a 39.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 7.70% of the company's stock.

Dorman Products Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source