Dorman Products, Inc. $DORM Stock Bought by Reinhart Partners LLC.

Key Points

• Reinhart Partners increased its Dorman Products stake by 1.8% in the third quarter, bringing its holdings to 696,562 shares valued at approximately $85.4 million. Institutional investors and hedge funds collectively own 84.7% of DORM.
• Analysts maintain a generally positive outlook, with five Buy ratings and three Holds producing a consensus “Moderate Buy” rating and a $150 price target. Wells Fargo raised its target to $160.
• Dorman reported quarterly EPS of $3.08, exceeding the $1.89 consensus estimate, although revenue of $544.6 million fell short of expectations. Shares opened at $120.40, down 1.0%.

Reinhart Partners LLC. increased its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 1.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 696,562 shares of the auto parts company's stock after buying an additional 12,180 shares during the quarter. Dorman Products accounts for about 2.1% of Reinhart Partners LLC.'s holdings, making the stock its 20th biggest holding. Reinhart Partners LLC. owned approximately 2.35% of Dorman Products worth $85,399,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of DORM. BlackRock Inc. acquired a new position in Dorman Products during the second quarter worth about $556,542,000. Bank of America Corp DE bought a new position in Dorman Products in the 2nd quarter valued at approximately $57,222,000. American Capital Management Inc. acquired a new stake in shares of Dorman Products during the 2nd quarter valued at $38,785,000. Bank of New York Mellon Corp bought a new position in Dorman Products in the second quarter valued at about $22,598,000. Finally, Legal & General Group Plc bought a new position in Dorman Products in the 2nd quarter valued at approximately $8,620,000. 84.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Dorman Products Trading Down 1.0%

Shares of DORM stock opened at $120.40 on Friday. The company has a market cap of $3.57 billion, a P/E ratio of 16.68 and a beta of 1.02. The stock has a 50 day simple moving average of $128.51 and a two-hundred day simple moving average of $124.42. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.73 and a current ratio of 3.60. Dorman Products, Inc. has a fifty-two week low of $98.44 and a fifty-two week high of $164.00.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted 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. The firm had revenue of $544.60 million for the quarter, compared to analysts' expectations of $582.24 million. Dorman Products had a return on equity of 19.37% and a net margin of 10.18%. The company's revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.06 EPS. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. Research analysts forecast that Dorman Products, Inc. will post 8.65 earnings per share for the current year.

Insider Transactions at Dorman Products

In other Dorman Products news, CAO Gregory Bowen sold 3,531 shares of the firm's stock in a transaction on Wednesday, August 5th. The shares were 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 directly owned 5,340 shares in the company, valued at approximately $774,353.40. This trade represents a 39.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.70% of the stock is currently owned by corporate insiders.

Dorman Products Company Profile

Dorman Products, Inc NASDAQ: DORM is a supplier of replacement parts and products for the automotive aftermarket. The company develops, packages and distributes components designed to help repair and maintain passenger cars, light trucks and other vehicles, offering alternatives to original-equipment parts.

Its product portfolio includes underhood and undercar components, chassis and suspension parts, electrical components, heating and cooling products, drivetrain parts, body hardware, automotive lighting and repair hardware.

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