Linden Thomas Advisory Services LLC Makes New Investment in Dorman Products, Inc. $DORM

Key Points

• Linden Thomas Advisory Services LLC has made a new investment in Dorman Products, Inc., purchasing 16,860 shares valued at approximately $2.07 million during the second quarter.
• Dorman Products reported better-than-expected quarterly earnings with an EPS of $2.06, surpassing analysts' estimates of $1.76, and achieved a revenue of $540.96 million.
• Investment analysts maintain a consensus rating of "Buy" for Dorman Products, with a price target averaging around $175.00, indicating confidence in the stock's future performance.

Linden Thomas Advisory Services LLC purchased a new position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,860 shares of the auto parts company's stock, valued at approximately $2,068,000. Linden Thomas Advisory Services LLC owned approximately 0.06% of Dorman Products as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. 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 worth $91,704,000 after acquiring an additional 137,913 shares in the last quarter. GW&K Investment Management LLC boosted its holdings in Dorman Products by 0.7% in the first quarter. GW&K Investment Management LLC now owns 601,363 shares of the auto parts company's stock worth $72,489,000 after acquiring an additional 4,363 shares in the last quarter. Jennison Associates LLC boosted its holdings in Dorman Products by 32.1% in the first quarter. Jennison Associates LLC now owns 598,642 shares of the auto parts company's stock worth $72,160,000 after acquiring an additional 145,391 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Dorman Products by 192.9% in 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. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in Dorman Products by 30.2% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 427,104 shares of the auto parts company's stock worth $51,483,000 after acquiring an additional 99,084 shares in the last quarter. Institutional investors own 84.70% of the company's stock.

Dorman Products Stock Performance

Shares of Dorman Products stock opened at $158.03 on Friday. The business's fifty day simple moving average is $154.74 and its 200 day simple moving average is $134.95. The firm has a market capitalization of $4.82 billion, a P/E ratio of 21.50 and a beta of 0.84. Dorman Products, Inc. has a 12 month low of $106.95 and a 12 month high of $166.89. 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 issued its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.06 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.30. The business had revenue of $540.96 million for the quarter, compared to analyst estimates of $517.13 million. Dorman Products had a return on equity of 19.23% and a net margin of 10.83%.Dorman Products's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company posted $1.67 earnings per share. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. As a group, analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Gregory C. Bowen sold 1,453 shares of Dorman Products stock in a transaction on Friday, September 12th. The stock was sold at an average price of $162.81, for a total transaction of $236,562.93. Following the sale, the chief accounting officer directly owned 4,659 shares in the company, valued at approximately $758,531.79. This trade represents a 23.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 completion of the sale, the senior vice president directly owned 19,074 shares of the company's stock, valued at $2,331,033.54. This represents a 4.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.90% of the company's stock.

Analyst Upgrades and Downgrades

DORM has been the topic of a number of recent research reports. BMO Capital Markets initiated coverage on Dorman Products in a report on Thursday, September 18th. They issued an "outperform" rating and a $180.00 target price on the stock. Wall Street Zen lowered Dorman Products from a "strong-buy" rating to a "buy" rating in a report on Sunday. Wells Fargo & Company initiated coverage on Dorman Products in a report on Friday, August 22nd. They issued an "overweight" rating and a $175.00 target price on the stock. Zacks Research upgraded Dorman Products from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. Finally, Roth Capital raised their target price on Dorman Products to $182.00 and gave the company a "buy" rating in a report on Tuesday, August 26th. Two investment analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat.com, Dorman Products presently has a consensus rating of "Buy" and a consensus price target of $175.00.

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.

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