Assenagon Asset Management S.A. Sells 16,465 Shares of Dorman Products, Inc. $DORM

Key Points

• Assenagon Asset Management cut its Dorman Products stake by 89.1% in the second quarter, selling 16,465 shares and retaining 2,021 shares valued at approximately $276,000.
• Dorman Products reported quarterly EPS of $3.08, exceeding estimates of $1.89, while revenue reached $544.6 million, below expectations but up 0.7% year over year. The company maintained fiscal 2026 EPS guidance of $8.50–$8.80.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and a $160.33 target price; shares recently opened at $136.39. Institutional investors own 84.7% of the company, while insiders own 7.7%.

Assenagon Asset Management S.A. reduced its position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 89.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,021 shares of the auto parts company's stock after selling 16,465 shares during the period. Assenagon Asset Management S.A.'s holdings in Dorman Products were worth $276,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. raised its position in Dorman Products by 3.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,696 shares of the auto parts company's stock valued at $420,000 after purchasing an additional 97 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of Dorman Products by 2.6% in the second 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 during the last quarter. Mackenzie Financial Corp lifted its position in shares of Dorman Products by 6.4% during the third quarter. Mackenzie Financial Corp now owns 1,740 shares of the auto parts company's stock worth $271,000 after purchasing an additional 105 shares in the last quarter. Keybank National Association OH lifted its position in shares of Dorman Products by 1.5% during the first quarter. Keybank National Association OH now owns 7,101 shares of the auto parts company's stock worth $741,000 after purchasing an additional 106 shares in the last quarter. Finally, Huntington National Bank grew its stake in shares of Dorman Products by 12.8% during the fourth 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 during the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Dorman Products news, CAO Gregory C. Bowen sold 3,531 shares of the business's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $145.01, for a total value of $512,030.31. Following the completion of the transaction, the chief accounting officer directly owned 5,340 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.70% of the company's stock.

Dorman Products Stock Performance

Shares of NASDAQ:DORM opened at $136.39 on Monday. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 18.89 and a beta of 0.98. The firm's 50 day simple moving average is $134.38 and its 200 day simple moving average is $122.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.60 and a quick ratio of 1.73. Dorman Products, Inc. has a fifty-two week low of $98.44 and a fifty-two week 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 analysts' consensus estimates 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 analysts' expectations of $582.24 million. During the same quarter in the previous year, the company earned $2.06 earnings per share. The business'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, sell-side analysts forecast that Dorman Products, Inc. will post 8.65 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on Dorman Products from $155.00 to $160.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th. Zacks Research upgraded Dorman Products from a "strong sell" rating to a "hold" rating in a report on Friday, May 15th. Barrington Research reiterated an "outperform" rating and issued a $150.00 price objective on shares of Dorman Products in a research report on Monday, May 4th. Freedom Capital cut Dorman Products from a "strong-buy" rating to a "hold" rating in a report on Monday, August 10th. Finally, Weiss Ratings upgraded shares of Dorman Products from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 10th. Six equities research 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 currently has an average rating of "Moderate Buy" and a consensus target price of $160.33.

About Dorman Products

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.

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