Bank of America Corp DE Buys New Shares in Dorman Products, Inc. $DORM

Key Points

• Bank of America acquired 419,359 shares of Dorman Products in the second quarter, valued at approximately $57.2 million and representing a 1.41% stake. Institutional investors and hedge funds collectively own 84.7% of the company.
• Analyst sentiment remains positive overall, with five Buy ratings and three Holds, resulting in a “Moderate Buy” consensus and a $150 average price target. Recent recommendations included Wells Fargo raising its target to $160 and Roth Capital reiterating a Buy rating.
• Dorman Products reported quarterly EPS of $3.08, well above the $1.89 consensus estimate, though revenue of $544.6 million fell short of expectations. The company issued fiscal 2026 EPS guidance of $8.50–$8.80.

Bank of America Corp DE purchased a new stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 419,359 shares of the auto parts company's stock, valued at approximately $57,222,000. Bank of America Corp DE owned 1.41% of Dorman Products at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. American Capital Management Inc. bought a new stake in shares of Dorman Products during the second quarter worth $38,785,000. Jupiter Topco LLC acquired a new position in shares of Dorman Products during the second quarter worth $1,605,000. Legal & General Group Plc bought a new position in shares of Dorman Products in the 2nd quarter valued at $8,620,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Dorman Products during the 2nd quarter valued at $1,822,000. Finally, Sanctuary Advisors LLC bought a new stake in Dorman Products during the 2nd quarter worth $273,000. 84.70% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dorman Products

In related news, CAO Gregory Bowen sold 3,531 shares of the firm's stock in a transaction on 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 owned 5,340 shares of the company's stock, valued at $774,353.40. This trade represents a 39.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 7.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Dorman Products from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Roth Capital reaffirmed a "buy" rating on shares of Dorman Products in a research note on Wednesday, August 5th. Freedom Capital cut shares of Dorman Products from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 10th. Finally, Weiss Ratings downgraded Dorman Products from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Dorman Products has a consensus rating of "Moderate Buy" and a consensus price target of $150.00.

Dorman Products Price Performance

Shares of NASDAQ:DORM opened at $122.44 on Monday. Dorman Products, Inc. has a 1 year low of $98.44 and a 1 year high of $164.00. The company has a market capitalization of $3.63 billion, a PE ratio of 16.96 and a beta of 0.99. The business has a fifty day moving average price of $133.01 and a two-hundred day moving average price of $122.83. 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 released its quarterly earnings data on Monday, August 3rd. The auto parts company reported $3.08 EPS for the quarter, beating the consensus estimate of $1.89 by $1.19. The business 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 company's revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.06 earnings per share. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. Analysts forecast that Dorman Products, Inc. will post 8.65 earnings per share for the current year.

Dorman Products Profile

Dorman Products, Inc is an automotive parts supplier that designs, manufactures, packages and distributes replacement components for the automotive aftermarket. The company serves vehicle owners, professional repair shops and distributors with parts intended to restore or improve the performance of cars, trucks and other vehicles.

Its product portfolio includes components for vehicle chassis, suspension, steering, brakes, drivetrain, powertrain, electrical systems, heating and air conditioning, body hardware and engine systems.

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