Corient Private Wealth LP Buys Shares of 34,087 Dorman Products, Inc. $DORM

Key Points

• Corient Private Wealth LP acquired 34,087 shares of Dorman Products worth approximately $4.65 million, giving it a 0.11% stake. Institutional investors and hedge funds collectively own 84.70% of the company.
• Dorman Products reported quarterly EPS of $3.08, exceeding analyst expectations of $1.89, while revenue reached $544.6 million, up 0.7% year over year but below estimates.
• Analysts maintain a generally positive view, with six Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $156, compared with the stock’s reported price of $128.85.

Corient Private Wealth LP bought a new stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 34,087 shares of the auto parts company's stock, valued at approximately $4,651,000. Corient Private Wealth LP owned approximately 0.11% of Dorman Products at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP acquired a new position in Dorman Products in the 2nd quarter valued at $25,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Dorman Products during the 2nd quarter worth $26,000. EverSource Wealth Advisors LLC boosted its stake in Dorman Products by 594.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company's stock worth $29,000 after purchasing an additional 202 shares during the last quarter. Miller Capital Partners Inc. purchased a new stake in shares of Dorman Products during the fourth quarter worth $37,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Dorman Products during the fourth quarter worth $48,000. 84.70% of the stock is owned by institutional investors and hedge funds.

Dorman Products Stock Performance

NASDAQ:DORM opened at $128.85 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.60 and a quick ratio of 1.73. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 17.85 and a beta of 0.98. The company's 50-day moving average is $135.41 and its two-hundred day moving average is $122.70. Dorman Products, Inc. has a 1-year low of $98.44 and a 1-year high of $166.89.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The auto parts company reported $3.08 earnings per share (EPS) for the quarter, topping 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 business had revenue of $544.60 million during the quarter, compared to the consensus estimate of $582.24 million. During the same quarter last year, the firm earned $2.06 EPS. The business's revenue was up .7% compared to the same quarter last year. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. Analysts forecast that Dorman Products, Inc. will post 8.65 EPS for the current year.

Analysts Set New Price Targets

DORM has been the topic of several research reports. Weiss Ratings raised shares of Dorman Products from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 10th. Barrington Research reaffirmed an "outperform" rating and set a $150.00 price objective on shares of Dorman Products in a research note on Monday, May 4th. Wells Fargo & Company upped their price objective on shares of Dorman Products from $155.00 to $160.00 and gave the company an "overweight" rating in a research note on Wednesday, August 5th. Zacks Research upgraded shares of Dorman Products from a "strong sell" rating to a "hold" rating in a report on Friday, May 15th. Finally, Freedom Capital lowered shares of Dorman Products from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 10th. Six 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.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $156.00.

Insider Buying and Selling at Dorman Products

In other news, CAO Gregory C. Bowen sold 3,531 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $145.01, for a total transaction of $512,030.31. Following the completion of the transaction, the chief accounting officer directly owned 5,340 shares in the company, valued at approximately $774,353.40. This represents a 39.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 7.70% of the company's stock.

Dorman Products 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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