Fuller & Thaler Asset Management Inc. Has $51.48 Million Position in Dorman Products, Inc. $DORM

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Dorman Products, Inc. by 30.2%, bringing its total holdings to 427,104 shares valued at approximately $51.48 million.
• The company reported a quarterly EPS of $2.06, surpassing analyst expectations, with revenue rising 7.6% from the previous year to $540.96 million.
• Institutional investors and hedge funds own 84.70% of Dorman Products' stock, indicating strong institutional support for the company.

Fuller & Thaler Asset Management Inc. increased its stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 30.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 427,104 shares of the auto parts company's stock after buying an additional 99,084 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 1.40% of Dorman Products worth $51,483,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in Dorman Products by 192.9% during the first quarter. Wellington Management Group LLP now owns 511,791 shares of the auto parts company's stock worth $61,691,000 after acquiring an additional 337,074 shares in the last quarter. Versor Investments LP raised its holdings in Dorman Products by 138.3% in the 1st quarter. Versor Investments LP now owns 8,084 shares of the auto parts company's stock valued at $974,000 after acquiring an additional 4,691 shares during the period. Algert Global LLC raised its holdings in Dorman Products by 34.5% in the 1st quarter. Algert Global LLC now owns 116,884 shares of the auto parts company's stock valued at $14,089,000 after acquiring an additional 29,956 shares during the period. Roubaix Capital LLC bought a new stake in shares of Dorman Products during the first quarter worth approximately $2,131,000. Finally, American Century Companies Inc. boosted its holdings in shares of Dorman Products by 15.8% during the first quarter. American Century Companies Inc. now owns 15,994 shares of the auto parts company's stock worth $1,928,000 after acquiring an additional 2,183 shares during the period. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Dorman Products Price Performance

Shares of NASDAQ DORM traded up $9.61 during mid-day trading on Friday, reaching $162.73. The company had a trading volume of 252,939 shares, compared to its average volume of 266,665. The firm has a market cap of $4.97 billion, a price-to-earnings ratio of 22.14 and a beta of 0.79. The business's 50-day simple moving average is $130.32 and its 200 day simple moving average is $125.70. Dorman Products, Inc. has a one year low of $106.21 and a one year high of $163.45. 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 (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.06 earnings per share for the quarter, topping 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 business had revenue of $540.96 million during the quarter, compared to analysts' expectations of $517.13 million. During the same quarter in the prior year, the business posted $1.67 earnings per share. Dorman Products's 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. On average, research analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dorman Products news, SVP Donna M. Long sold 820 shares of the firm's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $122.21, for a total value of $100,212.20. Following the sale, the senior vice president owned 19,074 shares of the company's stock, valued at approximately $2,331,033.54. This trade represents a 4.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.90% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wall Street Zen cut Dorman Products from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Zacks Research upgraded shares of Dorman Products from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 13th. Finally, Wells Fargo & Company started coverage on shares of Dorman Products in a research report on Friday. They set an "overweight" rating and a $175.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $154.00.

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.