Dorman Products, Inc. $DORM Stock Holdings Boosted by Edgestream Partners L.P.

Edgestream Partners L.P. increased its position in Dorman Products, Inc. (NASDAQ:DORM) by 227.0% during the first quarter, Holdings Channel reports. The fund owned 42,900 shares of the auto parts company’s stock after purchasing an additional 29,782 shares during the quarter. Edgestream Partners L.P.’s holdings in Dorman Products were worth $4,477,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC boosted its stake in Dorman Products by 37.4% during the 1st quarter. AQR Capital Management LLC now owns 4,220 shares of the auto parts company’s stock valued at $509,000 after purchasing an additional 1,148 shares during the period. Integrated Wealth Concepts LLC increased its stake in shares of Dorman Products by 14.2% in the first quarter. Integrated Wealth Concepts LLC now owns 3,755 shares of the auto parts company’s stock valued at $453,000 after purchasing an additional 468 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Dorman Products by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,381 shares of the auto parts company’s stock valued at $1,854,000 after purchasing an additional 662 shares during the period. Millennium Management LLC increased its stake in shares of Dorman Products by 74.6% in the first quarter. Millennium Management LLC now owns 33,021 shares of the auto parts company’s stock valued at $3,980,000 after purchasing an additional 14,110 shares during the period. Finally, United Services Automobile Association bought a new stake in shares of Dorman Products during the first quarter valued at approximately $215,000. 84.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on DORM. Zacks Research upgraded Dorman Products from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Barrington Research restated an “outperform” rating and issued a $150.00 target price on shares of Dorman Products in a research report on Monday, May 4th. Wells Fargo & Company lifted their target price on Dorman Products from $140.00 to $155.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings raised Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $159.50.

Dorman Products Stock Down 0.0%

Dorman Products stock opened at $133.16 on Friday. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 21.48 and a beta of 0.97. The company has a current ratio of 3.29, a quick ratio of 1.28 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average price is $131.87 and its two-hundred day moving average price is $121.67. Dorman Products, Inc. has a 52 week low of $98.44 and a 52 week high of $166.89.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Monday, May 4th. The auto parts company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.05. The company had revenue of $528.77 million for the quarter, compared to the consensus estimate of $524.80 million. Dorman Products had a net margin of 8.84% and a return on equity of 17.73%. Dorman Products’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.02 EPS. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. On average, analysts expect that Dorman Products, Inc. will post 8.22 EPS for the current fiscal year.

About Dorman Products

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.