Tributary Capital Management LLC Reduces Stock Holdings in Dorman Products, Inc. $DORM

Tributary Capital Management LLC decreased its position in Dorman Products, Inc. (NASDAQ:DORM) by 6.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 109,320 shares of the auto parts company’s stock after selling 7,874 shares during the period. Tributary Capital Management LLC’s holdings in Dorman Products were worth $13,467,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. TD Private Client Wealth LLC lifted its stake in Dorman Products by 5.9% in the third quarter. TD Private Client Wealth LLC now owns 1,457 shares of the auto parts company’s stock valued at $227,000 after purchasing an additional 81 shares during the last quarter. Private Trust Co. NA lifted its stake in Dorman Products by 101.2% in the third quarter. Private Trust Co. NA now owns 165 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 83 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Dorman Products by 0.9% in the third quarter. Nisa Investment Advisors LLC now owns 9,539 shares of the auto parts company’s stock valued at $1,487,000 after purchasing an additional 86 shares during the last quarter. GAMMA Investing LLC lifted its stake in Dorman Products by 11.6% in the fourth quarter. GAMMA Investing LLC now owns 827 shares of the auto parts company’s stock valued at $102,000 after purchasing an additional 86 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in Dorman Products by 26.7% in the third quarter. Jones Financial Companies Lllp now owns 417 shares of the auto parts company’s stock valued at $65,000 after purchasing an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Wall Street Analysts Forecast Growth

DORM has been the topic of several recent research reports. Wells Fargo & Company dropped their target price on Dorman Products from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Jefferies Financial Group upgraded Dorman Products from a “hold” rating to a “buy” rating and dropped their target price 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 target price on shares of Dorman Products in a research report on Thursday, March 5th. Wall Street Zen downgraded Dorman Products from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Zacks Research downgraded Dorman Products from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

Dorman Products Stock Up 4.2%

DORM opened at $110.66 on Friday. The stock has a market cap of $3.34 billion, a PE ratio of 16.67 and a beta of 0.96. 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 52 week low of $98.44 and a 52 week high of $166.89. The business’s fifty day simple moving average is $112.48 and its 200 day simple moving average is $125.32.

Dorman Products (NASDAQ:DORM) last released its earnings results on Wednesday, February 25th. The auto parts company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.02. The business had revenue of $537.93 million for the quarter, compared to analysts’ expectations of $573.38 million. Dorman Products had a return on equity of 19.15% and a net margin of 9.59%.The firm’s revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.20 earnings per share. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. As a group, research analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Donna M. Long sold 947 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $103.07, for a total value of $97,607.29. Following the transaction, the senior vice president owned 20,073 shares of the company’s stock, valued at $2,068,924.11. This represents a 4.51% 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 currently owned by corporate insiders.

Dorman Products Profile

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.