Dorman Products, Inc. $DORM Holdings Boosted by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 3.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 713,255 shares of the auto parts company’s stock after acquiring an additional 26,229 shares during the period. Geode Capital Management LLC’s holdings in Dorman Products were worth $87,880,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Oliver Luxxe Assets LLC bought a new position in Dorman Products in the fourth quarter worth about $1,885,000. Envestnet Asset Management Inc. raised its holdings in shares of Dorman Products by 15.6% during the third quarter. Envestnet Asset Management Inc. now owns 190,530 shares of the auto parts company’s stock valued at $29,700,000 after buying an additional 25,710 shares during the last quarter. First National Bank of Omaha bought a new stake in shares of Dorman Products during the third quarter valued at approximately $5,099,000. First Eagle Investment Management LLC bought a new stake in shares of Dorman Products during the fourth quarter valued at approximately $9,035,000. Finally, Vanguard Group Inc. raised its holdings in shares of Dorman Products by 0.3% during the third quarter. Vanguard Group Inc. now owns 3,061,577 shares of the auto parts company’s stock valued at $477,239,000 after buying an additional 9,811 shares during the last quarter. Institutional investors own 84.70% of the company’s stock.

Insider Activity at Dorman Products

In related news, SVP Donna M. Long sold 947 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $103.07, for a total transaction of $97,607.29. Following the transaction, the senior vice president owned 20,073 shares in the company, valued at $2,068,924.11. This trade 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. 7.70% of the stock is owned by corporate insiders.

Dorman Products Price Performance

NASDAQ DORM opened at $127.03 on Monday. Dorman Products, Inc. has a 12 month low of $98.44 and a 12 month high of $166.89. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.29 and a quick ratio of 1.28. The firm has a market capitalization of $3.80 billion, a PE ratio of 20.49 and a beta of 0.99. The company’s 50 day simple moving average is $113.93 and its 200 day simple moving average is $119.83.

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. Dorman Products had a net margin of 8.84% and a return on equity of 17.73%. The business had revenue of $528.77 million for the quarter, compared to analyst estimates of $524.80 million. During the same quarter last year, the business earned $2.02 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. As a group, equities research analysts forecast that Dorman Products, Inc. will post 8.22 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company cut their price target on Dorman Products from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Jefferies Financial Group raised Dorman Products from a “hold” rating to a “buy” rating and cut their price target for the company from $159.00 to $140.00 in a report on Monday, March 2nd. Zacks Research raised Dorman Products from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Wall Street Zen cut Dorman Products from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Stephens reaffirmed an “overweight” rating and set a $150.00 price target on shares of Dorman Products in a report on Wednesday, March 18th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Dorman Products presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

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.