EntryPoint Capital LLC Makes New $261,000 Investment in Dorman Products, Inc. $DORM

Key Points

• EntryPoint Capital LLC has invested $261,000 in Dorman Products, Inc., acquiring 2,168 shares of stock in the auto parts company during the first quarter.
• Dorman Products recently reported earnings of $2.06 per share, surpassing analysts' expectations and demonstrating a revenue increase of 7.6% year-over-year.
• Institutional investors hold 84.70% of Dorman Products' stock, indicating strong interest from hedge funds and financial groups.

EntryPoint Capital LLC purchased a new position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,168 shares of the auto parts company's stock, valued at approximately $261,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. USA Financial Formulas grew its position in Dorman Products by 127.6% in the 1st quarter. USA Financial Formulas now owns 387 shares of the auto parts company's stock worth $47,000 after purchasing an additional 217 shares during the last quarter. Blue Trust Inc. grew its position in Dorman Products by 42.5% in the 1st 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 grew its position in Dorman Products by 51.3% in the 1st 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 last quarter. Johnson Financial Group Inc. acquired a new stake in Dorman Products in the 4th quarter worth $86,000. Finally, Vestcor Inc acquired a new stake in shares of Dorman Products during the 1st quarter valued at about $92,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dorman Products

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 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 of the company's stock, valued at approximately $2,331,033.54. The trade was a 4.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.90% of the company's stock.

Wall Street Analysts Forecast Growth

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

Dorman Products Price Performance

DORM stock traded down $2.53 during trading on Thursday, hitting $161.04. 60,284 shares of the stock traded hands, compared to its average volume of 219,165. Dorman Products, Inc. has a one year low of $106.21 and a one year high of $165.05. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 21.80 and a beta of 0.79. The company has a 50 day simple moving average of $132.77 and a 200 day simple moving average of $126.41. The company has a current ratio of 2.74, a quick ratio of 1.21 and a debt-to-equity ratio of 0.31.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.30. Dorman Products had a net margin of 10.83% and a return on equity of 19.23%. The firm 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 firm posted $1.67 EPS. The firm's quarterly revenue was up 7.6% on a year-over-year basis. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. Equities analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current fiscal 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.