American Century Companies Inc. Purchases 2,183 Shares of Dorman Products, Inc. $DORM

Key Points

• American Century Companies Inc. increased its stake in Dorman Products by 15.8% in Q1, owning 15,994 shares worth approximately $1.93 million.
• Dorman Products reported $2.06 EPS, exceeding analysts' estimates, with revenue of $540.96 million, a 7.6% increase from the previous year.
• Several research firms have issued various ratings on the stock, with Roth Capital setting a target price of $182.00 and Zacks upgrading it to a "strong-buy."

American Century Companies Inc. lifted its position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 15.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 15,994 shares of the auto parts company's stock after purchasing an additional 2,183 shares during the period. American Century Companies Inc. owned about 0.05% of Dorman Products worth $1,928,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Russell Investments Group Ltd. grew its holdings in shares of Dorman Products by 147.8% in the first quarter. Russell Investments Group Ltd. now owns 51,207 shares of the auto parts company's stock worth $6,173,000 after purchasing an additional 30,543 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in shares of Dorman Products by 43.7% in the first quarter. Public Sector Pension Investment Board now owns 97,201 shares of the auto parts company's stock worth $11,717,000 after purchasing an additional 29,576 shares during the last quarter. Nuveen LLC bought a new stake in Dorman Products in the first quarter valued at $25,976,000. Invesco Ltd. boosted its holdings in Dorman Products by 22.1% in the first quarter. Invesco Ltd. now owns 760,774 shares of the auto parts company's stock valued at $91,704,000 after acquiring an additional 137,913 shares in the last quarter. Finally, Sierra Summit Advisors LLC boosted its holdings in Dorman Products by 24.6% in the first quarter. Sierra Summit Advisors LLC now owns 5,433 shares of the auto parts company's stock valued at $655,000 after acquiring an additional 1,072 shares in the last quarter. Institutional investors own 84.70% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Dorman Products in a report on Friday, August 22nd. They issued an "overweight" rating and a $175.00 price target on the stock. Zacks Research upgraded shares of Dorman Products from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. Roth Capital raised their price objective on Dorman Products to $182.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Finally, Wall Street Zen lowered Dorman Products from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $161.00.

Insider Activity

In other Dorman Products news, SVP Donna M. Long sold 820 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $122.21, for a total transaction of $100,212.20. Following the completion of the sale, the senior vice president directly owned 19,074 shares in the company, valued at $2,331,033.54. The trade was a 4.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.90% of the stock is currently owned by corporate insiders.

Dorman Products Stock Performance

NASDAQ DORM traded up $3.85 during trading hours on Thursday, hitting $162.53. The company's stock had a trading volume of 233,402 shares, compared to its average volume of 219,270. Dorman Products, Inc. has a 12 month low of $106.21 and a 12 month high of $165.05. The company's 50 day simple moving average is $136.54 and its two-hundred day simple moving average is $127.62. The company has a market cap of $4.96 billion, a P/E ratio of 22.11 and a beta of 0.82. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.74 and a quick ratio of 1.21.

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

About Dorman Products

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.