Summit Creek Advisors LLC Buys New Position in Dorman Products, Inc. $DORM

Key Points

• Summit Creek Advisors purchased 33,535 shares of Dorman Products worth approximately $4.6 million, while institutional investors collectively own 84.7% of the company.
• Analyst sentiment remains favorable, with six Buy ratings and three Holds producing a “Moderate Buy” consensus and an average price target of $160.33.
• Dorman Products exceeded quarterly EPS expectations, reporting $3.08 versus the $1.89 consensus estimate, though revenue of $544.6 million fell short of forecasts.

Summit Creek Advisors LLC bought a new stake in Dorman Products, Inc. (NASDAQ:DORM - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 33,535 shares of the auto parts company's stock, valued at approximately $4,576,000. Summit Creek Advisors LLC owned approximately 0.11% of Dorman Products at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Dorman Products during the second quarter valued at approximately $556,542,000. Dimensional Fund Advisors LP grew its stake in Dorman Products by 4.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,099,352 shares of the auto parts company's stock worth $114,725,000 after acquiring an additional 51,653 shares during the period. State Street Corp grew its stake in Dorman Products by 0.7% in the 4th quarter. State Street Corp now owns 1,061,708 shares of the auto parts company's stock worth $130,792,000 after acquiring an additional 7,846 shares during the period. Jennison Associates LLC raised its holdings in Dorman Products by 1.5% in the 1st quarter. Jennison Associates LLC now owns 826,285 shares of the auto parts company's stock valued at $86,231,000 after acquiring an additional 12,504 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Dorman Products by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 713,255 shares of the auto parts company's stock valued at $87,880,000 after acquiring an additional 26,229 shares during the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on DORM. Barrington Research restated an "outperform" rating and set a $150.00 price objective on shares of Dorman Products in a report on Monday, May 4th. Weiss Ratings upgraded Dorman Products from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, July 10th. Freedom Capital downgraded Dorman Products from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 10th. Wells Fargo & Company raised their price target on Dorman Products from $155.00 to $160.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Finally, Roth Capital restated a "buy" rating on shares of Dorman Products in a report on Wednesday, August 5th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Dorman Products has an average rating of "Moderate Buy" and a consensus target price of $160.33.

Insiders Place Their Bets

In other Dorman Products news, CAO Gregory C. Bowen sold 3,531 shares of the business's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $145.01, for a total transaction 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 approximately $774,353.40. The trade was a 39.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 7.70% of the company's stock.

Dorman Products Stock Performance

NASDAQ:DORM opened at $132.82 on Wednesday. The company has a market cap of $3.94 billion, a P/E ratio of 18.40 and a beta of 0.98. The firm's 50 day moving average is $134.58 and its two-hundred day moving average is $122.51. Dorman Products, Inc. has a fifty-two week low of $98.44 and a fifty-two week high of $166.89. The company has a quick ratio of 1.73, a current ratio of 3.60 and a debt-to-equity ratio of 0.29.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The auto parts company reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $1.19. The company had revenue of $544.60 million during the quarter, compared to analysts' expectations of $582.24 million. Dorman Products had a net margin of 10.18% and a return on equity of 19.37%. The business's quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.06 EPS. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. Analysts expect that Dorman Products, Inc. will post 8.65 EPS for the current year.

Dorman Products Profile

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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