Caxton Associates LLP Takes Position in Dorman Products, Inc. $DORM

Key Points

• Caxton Associates LLP acquired a new position in Dorman Products, purchasing 5,312 shares valued at approximately $640,000.
• Multiple institutional investors significantly increased their stakes in Dorman Products during the first quarter, indicating strong interest, with 84.70% of the company's stock now owned by institutional investors and hedge funds.
• Dorman Products reported $2.06 earnings per share for the last quarter, surpassing expectations, and set FY 2025 guidance at 8.600-8.900 EPS.

Caxton Associates LLP acquired a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,312 shares of the auto parts company's stock, valued at approximately $640,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. USA Financial Formulas lifted its position in Dorman Products by 127.6% during the 1st quarter. USA Financial Formulas now owns 387 shares of the auto parts company's stock worth $47,000 after acquiring an additional 217 shares during the period. Blue Trust Inc. raised its stake in shares of Dorman Products by 42.5% in the first quarter. Blue Trust Inc. now owns 503 shares of the auto parts company's stock worth $61,000 after purchasing an additional 150 shares during the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Dorman Products by 51.3% during the first quarter. TD Private Client Wealth LLC now owns 575 shares of the auto parts company's stock worth $69,000 after purchasing an additional 195 shares during the period. Vestcor Inc purchased a new stake in Dorman Products in the first quarter valued at approximately $92,000. Finally, Advisors Asset Management Inc. increased its holdings in Dorman Products by 38.8% in the 1st quarter. Advisors Asset Management Inc. now owns 912 shares of the auto parts company's stock worth $110,000 after buying an additional 255 shares during the period. 84.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dorman Products

In other Dorman Products news, CAO Gregory C. Bowen sold 1,453 shares of Dorman Products stock in a transaction on Friday, September 12th. The stock was sold at an average price of $162.81, for a total value of $236,562.93. Following the sale, the chief accounting officer owned 4,659 shares in the company, valued at $758,531.79. The trade was a 23.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Donna M. Long sold 820 shares of the company's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $122.21, for a total value of $100,212.20. Following the completion of the transaction, the senior vice president directly owned 19,074 shares in the company, valued at approximately $2,331,033.54. This trade represents a 4.12% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.90% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DORM shares. Wall Street Zen lowered shares of Dorman Products from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Wells Fargo & Company began coverage on Dorman Products in a research report on Friday, August 22nd. They set an "overweight" rating and a $175.00 price target on the stock. Roth Capital boosted their price objective on Dorman Products to $182.00 and gave the company a "buy" rating in a report on Tuesday, August 26th. Finally, Zacks Research raised Dorman Products from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $170.00.

Dorman Products Trading Up 1.0%

Shares of NASDAQ DORM traded up $1.52 during trading on Wednesday, hitting $158.61. 17,104 shares of the company were exchanged, compared to its average volume of 213,979. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.21 and a current ratio of 2.74. Dorman Products, Inc. has a 12-month low of $106.21 and a 12-month high of $166.89. The company has a fifty day moving average price of $143.16 and a 200-day moving average price of $129.87. The firm has a market capitalization of $4.84 billion, a PE ratio of 21.55 and a beta of 0.82.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its earnings results on Monday, August 4th. The auto parts company reported $2.06 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.30. Dorman Products had a net margin of 10.83% and a return on equity of 19.23%. The company had revenue of $540.96 million for the quarter, compared to the consensus estimate of $517.13 million. During the same period in the previous year, the firm earned $1.67 earnings per share. Dorman Products's quarterly revenue was up 7.6% compared to the same quarter last year. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. As a group, equities research analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current year.

Dorman Products Company Profile

Dorman Products, Inc supplies replacement and upgrade parts for passenger cars, light trucks, medium- and heavy-duty trucks, utility terrain vehicles, and all-terrain vehicles in the motor vehicle aftermarket industry in the United States and internationally. It offers engine products, including intake and exhaust manifolds, fans, thermostat housings, and throttle bodies; undercar products comprising fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, other engine, and transmission and axle components; steering and suspension products consist of control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, and leaf springs, as well as other suspension, steering, and brake components; body products, such as door handles and hinges, window lift motors, window regulators, switches and handles, wiper components, lighting, electrical, and other interior and exterior vehicle body components, including windshields for UTVs; electronics products comprise new and remanufactured modules, clusters and sensors; and hardware products, such as threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise.