Russell Investments Group Ltd. Buys 30,543 Shares of Dorman Products, Inc. $DORM

Key Points

• Russell Investments Group Ltd. increased its stake in Dorman Products by 147.8%, acquiring an additional 30,543 shares, bringing its total ownership to 51,207 shares valued at approximately $6.17 million.
• In recent analyst ratings, Zacks Research upgraded the stock from "hold" to "strong-buy," while Wall Street Zen revised its rating from "strong-buy" to "buy," resulting in an average rating of "buy" with a consensus price target of $143.50.
• Dorman Products reported earnings per share of $2.06 for the last quarter, exceeding analyst expectations, and has forecasted an EPS of 8.600-8.900 for FY 2025.

Russell Investments Group Ltd. lifted its stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 147.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,207 shares of the auto parts company's stock after buying an additional 30,543 shares during the quarter. Russell Investments Group Ltd. owned about 0.17% of Dorman Products worth $6,173,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Renaissance Technologies LLC raised its stake in Dorman Products by 1.4% during the 4th quarter. Renaissance Technologies LLC now owns 29,100 shares of the auto parts company's stock valued at $3,770,000 after purchasing an additional 400 shares during the period. Raymond James Financial Inc. bought a new stake in Dorman Products during the 4th quarter valued at approximately $4,810,000. Barclays PLC raised its stake in Dorman Products by 1.6% during the 4th quarter. Barclays PLC now owns 47,614 shares of the auto parts company's stock valued at $6,169,000 after purchasing an additional 772 shares during the period. XTX Topco Ltd bought a new stake in Dorman Products during the 4th quarter valued at approximately $261,000. Finally, Guggenheim Capital LLC bought a new stake in Dorman Products during the 4th quarter valued at approximately $214,000. Institutional investors own 84.70% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on DORM. Zacks Research raised Dorman Products from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 13th. Wall Street Zen downgraded Dorman Products from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $143.50.

Dorman Products Stock Performance

NASDAQ DORM opened at $154.05 on Thursday. The stock has a market capitalization of $4.70 billion, a PE ratio of 20.96 and a beta of 0.79. The business has a 50 day simple moving average of $129.06 and a two-hundred day simple moving average of $125.34. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.74 and a quick ratio of 1.21. Dorman Products, Inc. has a 1-year low of $106.21 and a 1-year high of $157.59.

Dorman Products (NASDAQ:DORM - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.06 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.30. The business had revenue of $540.96 million during the quarter, compared to analysts' expectations of $517.13 million. Dorman Products had a return on equity of 19.23% and a net margin of 10.83%.The firm's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.67 EPS. 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 EPS 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 that occurred on Monday, July 28th. The stock was sold at an average price of $122.21, for a total transaction of $100,212.20. Following the completion of the transaction, the senior vice president owned 19,074 shares in the company, valued at $2,331,033.54. This trade represents a 4.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 8.90% of the stock is owned by corporate insiders.

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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