BlackRock Inc. Buys Shares of 4,078,727 Dorman Products, Inc. $DORM

Key Points

• BlackRock acquired 4.08 million shares of Dorman Products during the second quarter, worth approximately $556.5 million and representing a 13.65% stake. Institutional investors collectively own 84.7% of the company.
• Analysts maintain a generally positive outlook, with six Buy ratings and three Holds producing a consensus “Moderate Buy” rating and an average price target of $160.33.
• Dorman Products reported quarterly EPS of $3.08, beating estimates of $1.89, while revenue reached $544.6 million. Shares opened at $131.09, below the consensus price target, and the company issued fiscal 2026 EPS guidance of $8.50–$8.80.

BlackRock Inc. purchased a new position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,078,727 shares of the auto parts company's stock, valued at approximately $556,542,000. BlackRock Inc. owned 13.65% of Dorman Products at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC lifted its holdings in Dorman Products by 37.4% during the first quarter. AQR Capital Management LLC now owns 4,220 shares of the auto parts company's stock valued at $509,000 after purchasing an additional 1,148 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of Dorman Products by 14.2% in the first quarter. Integrated Wealth Concepts LLC now owns 3,755 shares of the auto parts company's stock worth $453,000 after purchasing an additional 468 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Dorman Products by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,381 shares of the auto parts company's stock worth $1,854,000 after purchasing an additional 662 shares in the last quarter. Millennium Management LLC raised its position in shares of Dorman Products by 74.6% during the 1st quarter. Millennium Management LLC now owns 33,021 shares of the auto parts company's stock valued at $3,980,000 after purchasing an additional 14,110 shares during the period. Finally, United Services Automobile Association bought a new stake in shares of Dorman Products during the 1st quarter valued at $215,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DORM has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Dorman Products from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, July 10th. Wells Fargo & Company raised their price target on shares of Dorman Products from $155.00 to $160.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Barrington Research reissued an "outperform" rating and issued a $150.00 price objective on shares of Dorman Products in a research note on Monday, May 4th. Freedom Capital cut Dorman Products from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 10th. Finally, Roth Capital reissued a "buy" rating on shares of Dorman Products in a report on Wednesday, August 5th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $160.33.

Dorman Products Stock Down 0.8%

Shares of NASDAQ DORM opened at $131.09 on Tuesday. The stock has a market cap of $3.89 billion, a PE ratio of 18.16 and a beta of 0.98. The company has a current ratio of 3.60, a quick ratio of 1.73 and a debt-to-equity ratio of 0.29. Dorman Products, Inc. has a 12-month low of $98.44 and a 12-month high of $166.89. The company has a 50-day moving average of $134.97 and a 200 day moving average of $122.72.

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, beating the consensus estimate of $1.89 by $1.19. Dorman Products had a return on equity of 19.37% and a net margin of 10.18%.The firm had revenue of $544.60 million during the quarter, compared to analysts' expectations of $582.24 million. During the same quarter last year, the firm 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 predict that Dorman Products, Inc. will post 8.65 EPS for the current fiscal year.

Insider Buying and Selling

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

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.

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