Dorman Products, Inc. $DORM Shares Sold by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. reduced its holdings in Dorman Products, Inc. by 9.7%, owning approximately 1.85% of the company after selling 60,458 shares in the first quarter.
• Several large investors, including USA Financial Formulas and Blue Trust Inc., increased their positions in Dorman Products, reflecting growing institutional interest, with 84.70% of the stock currently owned by institutional investors.
• Dorman Products recently reported a quarterly earnings per share of $2.06, surpassing analyst forecasts, and has set its FY 2025 guidance at 8.600-8.900 EPS.

T. Rowe Price Investment Management Inc. lessened its position in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 9.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 565,444 shares of the auto parts company's stock after selling 60,458 shares during the period. T. Rowe Price Investment Management Inc. owned about 1.85% of Dorman Products worth $68,159,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in Dorman Products in the 4th quarter valued at $4,810,000. Barclays PLC boosted its stake in shares of Dorman Products by 1.6% during the fourth 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 in the last quarter. XTX Topco Ltd acquired a new position in shares of Dorman Products during the fourth quarter worth $261,000. Guggenheim Capital LLC acquired a new position in shares of Dorman Products in the fourth quarter worth approximately $214,000. Finally, First Trust Advisors LP increased its stake in Dorman Products by 95.3% during the 4th quarter. First Trust Advisors LP now owns 46,664 shares of the auto parts company's stock valued at $6,045,000 after purchasing an additional 22,768 shares in the last quarter. Institutional investors own 84.70% of the company's stock.

Insider Buying and Selling at Dorman Products

In other news, SVP Donna M. Long sold 820 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $122.21, for a total transaction of $100,212.20. Following the sale, the senior vice president owned 19,074 shares in the company, valued at approximately $2,331,033.54. The trade was a 4.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.90% of the stock is owned by insiders.

Dorman Products Stock Performance

NASDAQ:DORM traded down $2.53 during mid-day trading on Thursday, hitting $161.04. 60,284 shares of the company traded hands, compared to its average volume of 219,165. The stock's fifty day moving average price is $132.77 and its 200-day moving average price is $126.41. Dorman Products, Inc. has a one year low of $106.21 and a one year high of $165.05. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of 21.80 and a beta of 0.79. The company has a quick ratio of 1.21, a current ratio of 2.74 and a debt-to-equity ratio of 0.31.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $540.96 million during 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%.The company's revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the company earned $1.67 EPS. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. Research analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DORM has been the subject of several analyst reports. Wells Fargo & Company assumed coverage on shares of Dorman Products in a report on Friday, August 22nd. They issued an "overweight" rating and a $175.00 target price for the company. Wall Street Zen cut shares of Dorman Products from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Zacks Research raised Dorman Products from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 13th. Finally, Roth Capital boosted their target price on Dorman Products to $182.00 and gave the company a "buy" rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $161.00.

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.