Strs Ohio Invests $1.01 Million in Dorman Products, Inc. $DORM

Key Points

• Strs Ohio has made a new investment in Dorman Products, acquiring 8,400 shares valued at approximately $1,013,000 in the first quarter.
• Dorman Products received upgrades and positive ratings from multiple analysts, with target prices now ranging between $175.00 and $182.00.
• The stock recently reported an EPS of $2.06, exceeding analysts' expectations, and set FY 2025 guidance at 8.600-8.900 EPS.

Strs Ohio acquired a new position in Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,400 shares of the auto parts company's stock, valued at approximately $1,013,000.

A number of other institutional investors also recently bought and sold shares of the stock. Wellington Management Group LLP lifted its holdings in shares of Dorman Products by 192.9% in the 1st quarter. Wellington Management Group LLP now owns 511,791 shares of the auto parts company's stock worth $61,691,000 after buying an additional 337,074 shares during the period. Nuveen LLC purchased a new position in shares of Dorman Products in the 1st quarter valued at about $25,976,000. Jennison Associates LLC grew its position in shares of Dorman Products by 32.1% during 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 during the last quarter. Invesco Ltd. increased its stake in Dorman Products by 22.1% in the 1st quarter. Invesco Ltd. now owns 760,774 shares of the auto parts company's stock valued at $91,704,000 after purchasing an additional 137,913 shares in the last quarter. Finally, Fiera Capital Corp increased its position in shares of Dorman Products by 52.1% in the first quarter. Fiera Capital Corp now owns 337,288 shares of the auto parts company's stock worth $40,657,000 after acquiring an additional 115,498 shares in the last quarter. 84.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DORM shares. Roth Capital raised their price target on shares of Dorman Products to $182.00 and gave the company a "buy" rating in a research note on Tuesday, August 26th. Wells Fargo & Company started 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 for the company. Zacks Research upgraded Dorman Products from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. BMO Capital Markets began coverage on shares of Dorman Products in a report on Thursday. They set an "outperform" rating and a $180.00 target price on the stock. Finally, Wall Street Zen lowered Dorman Products from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $172.50.

Dorman Products Trading Up 0.0%

DORM traded up $0.04 on Monday, hitting $156.48. 13,018 shares of the company were exchanged, compared to its average volume of 213,891. The firm has a fifty day simple moving average of $145.13 and a two-hundred day simple moving average of $130.41. The stock has a market capitalization of $4.78 billion, a PE ratio of 21.29 and a beta of 0.81. 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, Inc. has a 12 month low of $106.95 and a 12 month high of $166.89.

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 (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.30. Dorman Products had a return on equity of 19.23% and a net margin of 10.83%.The business had revenue of $540.96 million during the quarter, compared to analyst estimates of $517.13 million. During the same quarter in the previous year, the company posted $1.67 earnings per share. Dorman Products's revenue for the quarter was up 7.6% on a year-over-year basis. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. Sell-side analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Gregory C. Bowen sold 1,453 shares of the business's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $162.81, for a total value of $236,562.93. Following the completion of the sale, the chief accounting officer owned 4,659 shares in the company, valued at approximately $758,531.79. The trade was a 23.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Donna M. Long sold 820 shares of the firm'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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. 8.90% of the stock is currently owned by insiders.

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.