Teacher Retirement System of Texas boosted its holdings in Dorman Products, Inc. (NASDAQ:DORM - Free Report) by 45.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,868 shares of the auto parts company's stock after purchasing an additional 16,717 shares during the quarter. Teacher Retirement System of Texas owned about 0.18% of Dorman Products worth $6,636,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. M&T Bank Corp raised its position in Dorman Products by 67.0% in the 4th quarter. M&T Bank Corp now owns 4,750 shares of the auto parts company's stock valued at $629,000 after purchasing an additional 1,905 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its position in Dorman Products by 4.1% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 35,511 shares of the auto parts company's stock worth $4,375,000 after buying an additional 1,388 shares during the last quarter. GHP Investment Advisors Inc. raised its position in Dorman Products by 36.7% during the 4th quarter. GHP Investment Advisors Inc. now owns 6,907 shares of the auto parts company's stock worth $851,000 after buying an additional 1,854 shares during the last quarter. Farther Finance Advisors LLC raised its position in Dorman Products by 96.4% during the 4th quarter. Farther Finance Advisors LLC now owns 807 shares of the auto parts company's stock worth $99,000 after buying an additional 396 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in Dorman Products by 1.9% during the 4th quarter. State of Alaska Department of Revenue now owns 15,948 shares of the auto parts company's stock worth $1,964,000 after buying an additional 295 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company's stock.
Dorman Products Stock Performance
NASDAQ:DORM opened at $111.19 on Monday. The company has a quick ratio of 1.14, a current ratio of 3.09 and a debt-to-equity ratio of 0.27. Dorman Products, Inc. has a fifty-two week low of $98.44 and a fifty-two week high of $166.89. The stock has a market cap of $3.35 billion, a PE ratio of 16.75 and a beta of 0.96. The firm's fifty day simple moving average is $110.36 and its 200-day simple moving average is $123.74.
Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The auto parts company reported $2.17 earnings per share for the quarter, topping analysts' consensus estimates of $2.15 by $0.02. Dorman Products had a net margin of 9.59% and a return on equity of 19.15%. The business had revenue of $537.93 million for the quarter, compared to analysts' expectations of $573.38 million. During the same period in the prior year, the company posted $2.20 EPS. The business's revenue for the quarter was up .8% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. Analysts expect that Dorman Products, Inc. will post 8.25 earnings per share for the current fiscal year.
Insider Buying and Selling at Dorman Products
In other news, SVP Donna M. Long sold 947 shares of the company's stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $103.07, for a total transaction of $97,607.29. Following the transaction, the senior vice president directly owned 20,073 shares of the company's stock, valued at $2,068,924.11. This represents a 4.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.70% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of equities analysts have commented on the stock. Zacks Research downgraded shares of Dorman Products from a "hold" rating to a "strong sell" rating in a research report on Tuesday, March 3rd. Wall Street Zen downgraded shares of Dorman Products from a "buy" rating to a "hold" rating in a research report on Saturday, February 28th. Jefferies Financial Group upgraded shares of Dorman Products from a "hold" rating to a "buy" rating and cut their price objective for the stock from $159.00 to $140.00 in a research report on Monday, March 2nd. Barrington Research restated an "outperform" rating and set a $150.00 price objective on shares of Dorman Products in a research report on Thursday, March 5th. Finally, Stephens restated an "overweight" rating and set a $150.00 price objective on shares of Dorman Products in a research report on Wednesday, March 18th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Dorman Products has an average rating of "Moderate Buy" and an average target price of $157.00.
Check Out Our Latest Report on DORM
Dorman Products Profile
(
Free Report)
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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