Linden Thomas Advisory Services LLC Makes New $2.07 Million Investment in Dorman Products, Inc. $DORM

Linden Thomas Advisory Services LLC bought a new position in Dorman Products, Inc. (NASDAQ:DORM) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 16,860 shares of the auto parts company’s stock, valued at approximately $2,068,000.

A number of other large investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its position in Dorman Products by 3.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,469 shares of the auto parts company’s stock worth $298,000 after buying an additional 90 shares during the last quarter. Xponance Inc. grew its position in shares of Dorman Products by 4.8% in the first quarter. Xponance Inc. now owns 1,966 shares of the auto parts company’s stock valued at $237,000 after purchasing an additional 90 shares in the last quarter. New York State Teachers Retirement System grew its position in shares of Dorman Products by 0.4% in the second quarter. New York State Teachers Retirement System now owns 24,835 shares of the auto parts company’s stock valued at $3,047,000 after purchasing an additional 94 shares in the last quarter. KBC Group NV grew its position in shares of Dorman Products by 16.1% in the first quarter. KBC Group NV now owns 1,226 shares of the auto parts company’s stock valued at $148,000 after purchasing an additional 170 shares in the last quarter. Finally, Aurora Investment Counsel grew its position in shares of Dorman Products by 1.1% in the first quarter. Aurora Investment Counsel now owns 17,021 shares of the auto parts company’s stock valued at $2,052,000 after purchasing an additional 181 shares in the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

Dorman Products Price Performance

Dorman Products stock opened at $158.03 on Friday. Dorman Products, Inc. has a 52 week low of $106.95 and a 52 week high of $166.89. The business has a 50-day simple moving average of $154.74 and a 200 day simple moving average of $134.95. The company has a quick ratio of 1.21, a current ratio of 2.74 and a debt-to-equity ratio of 0.31. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 21.50 and a beta of 0.84.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Monday, August 4th. The auto parts company reported $2.06 EPS for the quarter, topping 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 analysts’ expectations of $517.13 million. During the same period in the previous year, the business earned $1.67 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. On average, research analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insider Activity

In other Dorman Products news, SVP Donna M. Long sold 820 shares of Dorman Products 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 completion of the sale, the senior vice president owned 19,074 shares of the company’s stock, valued at $2,331,033.54. The trade was a 4.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Gregory C. Bowen sold 1,453 shares of Dorman Products stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $162.81, for a total value of $236,562.93. Following the sale, the chief accounting officer directly owned 4,659 shares of the company’s stock, valued at approximately $758,531.79. This trade represents a 23.77% decrease in their position. The disclosure for this sale can be found here. Insiders own 8.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Dorman Products in a research report on Friday. Zacks Research upgraded Dorman Products from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 13th. Stephens assumed coverage on Dorman Products in a research report on Tuesday, September 30th. They issued an “overweight” rating and a $185.00 price target for the company. BMO Capital Markets assumed coverage on Dorman Products in a research report on Thursday, September 18th. They issued an “outperform” rating and a $180.00 price target for the company. Finally, Wells Fargo & Company began coverage on Dorman Products in a research report on Friday, August 22nd. They issued an “overweight” rating and a $175.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $175.00.

Dorman Products Profile

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.