Bank of America Corp DE Boosts Position in Dorman Products, Inc. $DORM

Key Points

• Bank of America increased its Dorman Products stake by 11.6% in the first quarter, purchasing 42,682 additional shares and bringing its holdings to 409,983 shares valued at approximately $42.8 million. Institutional investors collectively own 84.7% of the company.
• Dorman Products reported quarterly EPS of $3.08, exceeding estimates of $1.89, while revenue totaled $544.6 million, below the $582.2 million consensus estimate. The company maintained fiscal 2026 EPS guidance of $8.50–$8.80.
• Analysts remain moderately bullish, with six Buy ratings and three Holds and an average price target of $160.33, compared with the stock’s reported price of $133.63. Shares have traded between $98.44 and $166.89 over the past year.

Bank of America Corp DE increased its position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 11.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 409,983 shares of the auto parts company's stock after buying an additional 42,682 shares during the quarter. Bank of America Corp DE owned about 1.37% of Dorman Products worth $42,786,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its stake in Dorman Products by 594.1% in the second quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company's stock worth $29,000 after acquiring an additional 202 shares during the last quarter. Miller Capital Partners Inc. acquired a new position in Dorman Products in the fourth quarter valued at approximately $37,000. Kestra Advisory Services LLC purchased a new stake in shares of Dorman Products during the 4th quarter worth approximately $48,000. Sankala Group LLC purchased a new stake in Dorman Products in the fourth quarter valued at $47,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Dorman Products during the fourth quarter worth about $60,000. Hedge funds and other institutional investors own 84.70% of the company's stock.

Dorman Products Stock Up 0.4%

Shares of NASDAQ:DORM opened at $133.63 on Thursday. Dorman Products, Inc. has a 1 year low of $98.44 and a 1 year high of $166.89. The business has a 50 day simple moving average of $134.09 and a two-hundred day simple moving average of $122.22. The firm has a market capitalization of $3.97 billion, a PE ratio of 18.51 and a beta of 0.98. 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 (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The auto parts company reported $3.08 EPS for the quarter, topping the consensus estimate of $1.89 by $1.19. The company had revenue of $544.60 million for the quarter, compared to the consensus estimate of $582.24 million. Dorman Products had a net margin of 10.18% and a return on equity of 19.37%. The firm's revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.06 EPS. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. On average, equities analysts predict that Dorman Products, Inc. will post 8.65 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on DORM shares. Roth Capital reiterated a "buy" rating on shares of Dorman Products in a research report on Wednesday, August 5th. Freedom Capital downgraded shares of Dorman Products from a "strong-buy" rating to a "hold" rating in a report on Monday. Barrington Research restated an "outperform" rating and set a $150.00 target price on shares of Dorman Products in a research report on Monday, May 4th. Zacks Research raised shares of Dorman Products from a "strong sell" rating to a "hold" rating in a report on Friday, May 15th. Finally, Weiss Ratings upgraded Dorman Products from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 10th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $160.33.

Insider Activity

In related news, CAO Gregory C. Bowen sold 3,531 shares of Dorman Products 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 sale, the chief accounting officer directly owned 5,340 shares in the company, valued at $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 SEC, which is available through the SEC website. Insiders own 7.70% of the company's stock.

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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