Zions Bancorporation National Association UT Boosts Stock Position in Dorman Products, Inc. $DORM

Zions Bancorporation National Association UT raised its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 12.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,761 shares of the auto parts company’s stock after purchasing an additional 1,227 shares during the quarter. Zions Bancorporation National Association UT’s holdings in Dorman Products were worth $1,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in DORM. Caitong International Asset Management Co. Ltd grew its position in Dorman Products by 961.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 329 shares of the auto parts company’s stock valued at $40,000 after buying an additional 298 shares during the period. TD Private Client Wealth LLC boosted its stake in Dorman Products by 51.3% in the first quarter. TD Private Client Wealth LLC now owns 575 shares of the auto parts company’s stock valued at $69,000 after acquiring an additional 195 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Dorman Products in the first quarter valued at about $71,000. Vestcor Inc bought a new position in shares of Dorman Products during the 1st quarter valued at approximately $92,000. Finally, Advisors Asset Management Inc. increased its stake in shares of Dorman Products by 38.8% during the 1st quarter. Advisors Asset Management Inc. now owns 912 shares of the auto parts company’s stock worth $110,000 after purchasing an additional 255 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors.

Dorman Products Trading Up 3.8%

NASDAQ:DORM opened at $134.29 on Monday. Dorman Products, Inc. has a 1 year low of $106.95 and a 1 year high of $166.89. The stock’s fifty day moving average price is $150.01 and its two-hundred day moving average price is $136.86. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.94 and a quick ratio of 1.21. The company has a market cap of $4.10 billion, a P/E ratio of 16.72 and a beta of 0.84.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Monday, October 27th. The auto parts company reported $2.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.31. The company had revenue of $543.74 million for the quarter, compared to analyst estimates of $548.60 million. Dorman Products had a return on equity of 19.85% and a net margin of 11.62%.The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.96 EPS. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. As a group, analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on DORM. BMO Capital Markets began coverage on Dorman Products in a research note on Thursday, September 18th. They issued an “outperform” rating and a $180.00 price objective on the stock. 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, August 26th. Zacks Research cut Dorman Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. Wall Street Zen downgraded Dorman Products from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 26th. Finally, Stephens assumed coverage on Dorman Products in a report on Tuesday, September 30th. They issued an “overweight” rating and a $185.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $180.50.

Insider Activity

In other news, CAO Gregory C. Bowen sold 1,453 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer directly owned 4,659 shares in the company, valued at approximately $758,531.79. This trade 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 can be accessed through the SEC website. Insiders own 8.90% of the company’s stock.

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.