MQS Management LLC Invests $250,000 in Dorman Products, Inc. $DORM

MQS Management LLC purchased a new position in Dorman Products, Inc. (NASDAQ:DORM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,035 shares of the auto parts company’s stock, valued at approximately $250,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in Dorman Products by 2.3% during the first quarter. Principal Financial Group Inc. now owns 141,288 shares of the auto parts company’s stock valued at $17,031,000 after acquiring an additional 3,206 shares during the last quarter. GAMMA Investing LLC lifted its position in Dorman Products by 40.8% during the first quarter. GAMMA Investing LLC now owns 945 shares of the auto parts company’s stock valued at $114,000 after acquiring an additional 274 shares during the last quarter. New York State Teachers Retirement System lifted its position in Dorman Products by 0.4% during the first quarter. New York State Teachers Retirement System now owns 24,741 shares of the auto parts company’s stock valued at $2,982,000 after acquiring an additional 100 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Dorman Products by 134.3% during the first quarter. Robeco Institutional Asset Management B.V. now owns 35,671 shares of the auto parts company’s stock valued at $4,300,000 after acquiring an additional 20,448 shares during the last quarter. Finally, KBC Group NV lifted its position in Dorman Products by 16.1% during the first quarter. KBC Group NV now owns 1,226 shares of the auto parts company’s stock valued at $148,000 after acquiring an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on DORM shares. Roth Capital increased their target price on shares of Dorman Products to $182.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Wells Fargo & Company began coverage on shares of Dorman Products in a research report on Friday, August 22nd. They set an “overweight” rating and a $175.00 target price for the company. BMO Capital Markets began coverage on shares of Dorman Products in a research note on Thursday, September 18th. They set an “outperform” rating and a $180.00 price target on the stock. Wall Street Zen lowered shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Finally, Weiss Ratings upgraded shares of Dorman Products from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $175.00.

Insider Buying and Selling at Dorman Products

In other news, CAO Gregory C. Bowen sold 1,453 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $162.81, for a total value of $236,562.93. Following the sale, the chief accounting officer owned 4,659 shares in the company, valued at $758,531.79. This represents a 23.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.90% of the stock is owned by insiders.

Dorman Products Stock Down 2.7%

NASDAQ:DORM opened at $153.75 on Tuesday. The firm has a market capitalization of $4.69 billion, a P/E ratio of 20.92 and a beta of 0.84. Dorman Products, Inc. has a 1-year low of $106.95 and a 1-year high of $166.89. The company’s fifty day moving average price is $154.77 and its 200-day moving average price is $135.31. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.74 and a quick ratio of 1.21.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Monday, October 27th. The auto parts company reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates of $2.31 by $0.31. The firm had revenue of $543.74 million for the quarter, compared to analyst estimates of $548.60 million. Dorman Products had a net margin of 10.83% and a return on equity of 19.23%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.96 earnings per share. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. As a group, equities research analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current year.

Dorman Products Company 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.