Legal & General Group Plc Buys New Position in Dorman Products, Inc. $DORM

Legal & General Group Plc purchased a new position in Dorman Products, Inc. (NASDAQ:DORM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 63,174 shares of the auto parts company’s stock, valued at approximately $8,620,000.

Other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC increased its position 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 lifted its position in shares of Dorman Products by 14.2% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,755 shares of the auto parts company’s stock worth $453,000 after purchasing an additional 468 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Dorman Products by 4.5% during the 1st 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 in the last quarter. Millennium Management LLC increased its position in shares of Dorman Products by 74.6% during the first quarter. Millennium Management LLC now owns 33,021 shares of the auto parts company’s stock valued at $3,980,000 after buying an additional 14,110 shares during the period. Finally, United Services Automobile Association purchased a new position in shares of Dorman Products during the first quarter valued at about $215,000. Institutional investors own 84.70% of the company’s stock.

Dorman Products Trading Down 1.3%

Shares of NASDAQ DORM opened at $127.18 on Wednesday. Dorman Products, Inc. has a 1 year low of $98.44 and a 1 year high of $166.89. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.60 and a quick ratio of 1.73. The firm has a 50-day moving average of $135.39 and a 200 day moving average of $122.66. The stock has a market cap of $3.77 billion, a P/E ratio of 17.61 and a beta of 0.99.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Monday, August 3rd. The auto parts company reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $1.19. Dorman Products had a net margin of 10.18% and a return on equity of 19.37%. The business had revenue of $544.60 million for the quarter, compared to analysts’ expectations of $582.24 million. During the same quarter in the prior year, the company earned $2.06 earnings per share. The business’s revenue was up .7% compared to the same quarter last year. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. As a group, sell-side analysts expect that Dorman Products, Inc. will post 8.65 EPS for the current fiscal year.

Insider Activity at Dorman Products

In related news, CAO Gregory C. Bowen sold 3,531 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $145.01, for a total value of $512,030.31. Following the sale, the chief accounting officer owned 5,340 shares in the company, valued at $774,353.40. This represents a 39.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 7.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on the stock. Zacks Research upgraded shares of Dorman Products from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Freedom Capital lowered Dorman Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Wells Fargo & Company raised their target price on Dorman Products from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Dorman Products in a research note on Wednesday, August 5th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Dorman Products presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

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.