Dorman Products, Inc. $DORM Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its stake in Dorman Products, Inc. (NASDAQ:DORM) by 19.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,377 shares of the auto parts company’s stock after selling 5,043 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Dorman Products were worth $2,510,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. GAMMA Investing LLC grew its stake in shares of 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 buying an additional 86 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of 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 buying an additional 88 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Dorman Products by 2.7% in the third quarter. PNC Financial Services Group Inc. now owns 3,300 shares of the auto parts company’s stock valued at $514,000 after buying an additional 88 shares in the last quarter. Coldstream Capital Management Inc. grew its stake in shares of Dorman Products by 3.7% in the third quarter. Coldstream Capital Management Inc. now owns 2,696 shares of the auto parts company’s stock valued at $420,000 after buying an additional 97 shares in the last quarter. Finally, Corient Private Wealth LLC grew its stake in shares of Dorman Products by 2.6% in the second quarter. Corient Private Wealth LLC now owns 3,842 shares of the auto parts company’s stock valued at $471,000 after buying an additional 99 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DORM. Wells Fargo & Company dropped their price objective on Dorman Products from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Weiss Ratings downgraded Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, January 30th. Zacks Research upgraded Dorman Products from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Barrington Research restated an “outperform” rating and set a $150.00 price objective on shares of Dorman Products in a report on Monday, May 4th. Finally, Jefferies Financial Group upgraded Dorman Products from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $159.00 to $140.00 in a report on Monday, March 2nd. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Dorman Products has an average rating of “Moderate Buy” and an average price target of $157.00.

Dorman Products Price Performance

DORM stock opened at $118.08 on Tuesday. 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 52-week low of $98.44 and a 52-week high of $166.89. The stock’s 50 day moving average is $110.09 and its two-hundred day moving average is $120.35. The company has a market capitalization of $3.53 billion, a PE ratio of 19.05 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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 17.73% and a net margin of 8.84%.Dorman Products’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.02 EPS. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. Analysts predict that Dorman Products, Inc. will post 8.22 earnings per share for the current fiscal year.

Insider Activity at Dorman Products

In other news, SVP Donna M. Long sold 947 shares of Dorman Products stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 20,073 shares in the company, valued at approximately $2,068,924.11. This trade represents a 4.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 7.70% of the company’s stock.

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.