Jupiter Topco LLC purchased a new position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 11,754 shares of the auto parts company's stock, valued at approximately $1,605,000.
Other institutional investors and hedge funds have also modified their holdings of 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. purchased a new position in Dorman Products during the second quarter worth about $26,000. EverSource Wealth Advisors LLC boosted its stake in Dorman Products by 594.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company's stock worth $29,000 after buying an additional 202 shares during the last quarter. Miller Capital Partners Inc. acquired a new stake in Dorman Products in the 4th quarter worth about $37,000. Finally, Sankala Group LLC purchased a new stake in Dorman Products in the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 84.70% of the company's stock.
Dorman Products Price Performance
Shares of NASDAQ DORM opened at $131.30 on Friday. Dorman Products, Inc. has a twelve month low of $98.44 and a twelve month high of $166.89. The company has a current ratio of 3.60, a quick ratio of 1.73 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average of $135.16 and a two-hundred day moving average of $122.69. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 18.19 and a beta of 0.99.
Dorman Products (NASDAQ:DORM - Get Free Report) last issued its 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 return on equity of 19.37% and a net margin of 10.18%.The business had revenue of $544.60 million for the quarter, compared to analysts' expectations of $582.24 million. During the same period in the previous year, the firm posted $2.06 EPS. The company's quarterly revenue was up .7% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. As a group, analysts expect that Dorman Products, Inc. will post 8.65 earnings per share for the current fiscal year.
Insider Transactions at Dorman Products
In other news, CAO Gregory Bowen sold 3,531 shares of the firm's stock in a transaction on Wednesday, August 5th. The stock was 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 owned 5,340 shares of the company's stock, valued at $774,353.40. This trade represents a 39.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 7.70% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Dorman Products from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Weiss Ratings raised shares of Dorman Products from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 10th. Roth Capital reaffirmed a "buy" rating on shares of Dorman Products in a research report on Wednesday, August 5th. Freedom Capital lowered shares of Dorman Products from a "strong-buy" rating to a "hold" rating in a report on Monday, August 10th. Finally, Zacks Research upgraded Dorman Products from a "strong sell" rating to a "hold" rating in a research note on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $156.00.
View Our Latest Report on Dorman Products
About Dorman Products
(
Free Report)
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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