The Manufacturers Life Insurance Company Makes New $1.82 Million Investment in Dorman Products, Inc. $DORM

Key Points

• The Manufacturers Life Insurance Company purchased 13,354 Dorman Products shares worth approximately $1.82 million during the second quarter. Institutional investors collectively own 84.7% of the company.
• Dorman Products reported quarterly EPS of $3.08, exceeding the $1.89 consensus estimate, while revenue rose 0.7% year over year to $544.6 million but fell short of analyst expectations.
• Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $156 versus the stock’s reported price of $129.66; Wells Fargo also raised its target to $160.

The Manufacturers Life Insurance Company acquired a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 13,354 shares of the auto parts company's stock, valued at approximately $1,822,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP bought a new position in shares of Dorman Products during the second quarter worth $25,000. Northwestern Mutual Wealth Management Co. bought a new stake in Dorman Products in the 2nd quarter valued at $26,000. EverSource Wealth Advisors LLC increased its holdings in Dorman Products by 594.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company's stock valued at $29,000 after acquiring an additional 202 shares during the last quarter. Miller Capital Partners Inc. purchased a new stake in Dorman Products in the 4th quarter worth $37,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Dorman Products during the 4th quarter valued at about $48,000. Institutional investors own 84.70% of the company's stock.

Insider Buying and Selling

In other Dorman Products news, CAO Gregory Bowen sold 3,531 shares of Dorman Products stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $145.01, for a total transaction of $512,030.31. Following the completion of the transaction, the chief accounting officer directly owned 5,340 shares of the company's stock, valued at $774,353.40. The trade was a 39.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.70% of the stock is owned by insiders.

Dorman Products Trading Up 0.9%

DORM opened at $129.66 on Friday. The stock has a 50-day moving average of $135.23 and a 200 day moving average of $122.63. The company has a current ratio of 3.60, a quick ratio of 1.73 and a debt-to-equity ratio of 0.29. Dorman Products, Inc. has a 12 month low of $98.44 and a 12 month high of $166.89. The firm has a market cap of $3.85 billion, a P/E ratio of 17.96 and a beta of 0.99.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted 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. Dorman Products had a return on equity of 19.37% and a net margin of 10.18%.The business had revenue of $544.60 million during the quarter, compared to analyst estimates of $582.24 million. During the same period last year, the company earned $2.06 EPS. The company's revenue for the quarter was up .7% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. As a group, research analysts forecast that Dorman Products, Inc. will post 8.65 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DORM. Weiss Ratings upgraded Dorman Products from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 10th. Freedom Capital lowered Dorman Products from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 10th. Zacks Research upgraded Dorman Products from a "strong sell" rating to a "hold" rating in a report on Friday, May 15th. Wells Fargo & Company raised their price target on Dorman Products from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Finally, Roth Capital reaffirmed a "buy" rating on shares of Dorman Products in a research note on Wednesday, August 5th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $156.00.

About Dorman Products

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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