Louisiana State Employees Retirement System Acquires New Shares in Dorman Products, Inc. $DORM

Louisiana State Employees Retirement System acquired a new position in shares of Dorman Products, Inc. (NASDAQ:DORM) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,300 shares of the auto parts company’s stock, valued at approximately $1,284,000.

A number of other institutional investors also recently bought and sold shares of DORM. EverSource Wealth Advisors LLC grew its holdings in Dorman Products by 594.1% in the second quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 202 shares during the last quarter. Miller Capital Partners Inc. acquired a new position in shares of Dorman Products during the 4th quarter worth $37,000. Kestra Advisory Services LLC purchased a new stake in shares of Dorman Products in the 4th quarter worth about $48,000. Sankala Group LLC purchased a new stake in shares of Dorman Products in the 4th quarter worth about $47,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Dorman Products in the 4th quarter worth about $60,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on DORM. Stephens restated an “overweight” rating and set a $150.00 target price on shares of Dorman Products in a report on Wednesday, March 18th. Barrington Research reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Dorman Products in a report on Monday, May 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dorman Products in a report on Thursday, June 18th. Finally, Zacks Research upgraded shares of Dorman Products from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $157.00.

Dorman Products Stock Performance

NASDAQ DORM opened at $137.65 on Friday. The company has a quick ratio of 1.28, a current ratio of 3.29 and a debt-to-equity ratio of 0.27. Dorman Products, Inc. has a fifty-two week low of $98.44 and a fifty-two week high of $166.89. The business has a fifty day moving average of $123.37 and a 200-day moving average of $120.00. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 22.20 and a beta of 0.97.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Monday, May 4th. The auto parts company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.05. The business had revenue of $528.77 million for the quarter, compared to analyst estimates of $524.80 million. Dorman Products had a return on equity of 17.73% and a net margin of 8.84%.The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.02 earnings per share. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. As a group, analysts predict that Dorman Products, Inc. will post 8.22 earnings per share for the current fiscal year.

Dorman Products Company 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.