35,843 Shares in Dorman Products, Inc. $DORM Acquired by CenterBook Partners LP

CenterBook Partners LP purchased a new position in Dorman Products, Inc. (NASDAQ:DORM – Free Report) during the 4th quarter, Holdings Channel.com reports. The firm purchased 35,843 shares of the auto parts company’s stock, valued at approximately $4,415,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in shares of Dorman Products by 594.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock worth $29,000 after buying an additional 202 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Dorman Products by 26.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 417 shares of the auto parts company’s stock worth $65,000 after buying an additional 88 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Dorman Products in the 1st quarter worth approximately $71,000. Farther Finance Advisors LLC grew its stake in shares of Dorman Products by 96.4% in the 4th quarter. Farther Finance Advisors LLC now owns 807 shares of the auto parts company’s stock worth $99,000 after buying an additional 396 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Dorman Products by 11.6% in the 4th quarter. GAMMA Investing LLC now owns 827 shares of the auto parts company’s stock worth $102,000 after buying an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DORM. Barrington Research restated an “outperform” rating and issued a $150.00 price target on shares of Dorman Products in a research note on Monday, May 4th. Wall Street Zen lowered Dorman Products from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Jefferies Financial Group raised Dorman Products from a “hold” rating to a “buy” rating and reduced their target price for the stock from $159.00 to $140.00 in a report on Monday, March 2nd. Stephens reissued an “overweight” rating and issued a $150.00 target price on shares of Dorman Products in a report on Wednesday, March 18th. Finally, Wells Fargo & Company reduced their target price on Dorman Products from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Read Our Latest Report on DORM

Insider Activity

In other news, SVP Donna M. Long sold 947 shares of the firm’s stock in a transaction 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 transaction, the senior vice president directly owned 20,073 shares in the company, valued at $2,068,924.11. This trade represents a 4.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 7.70% of the stock is currently owned by company insiders.

Dorman Products Stock Up 1.0%

Dorman Products stock opened at $128.31 on Tuesday. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of 20.70 and a beta of 0.99. The stock has a fifty day simple moving average of $114.37 and a two-hundred day simple moving average of $119.83. Dorman Products, Inc. has a 12 month low of $98.44 and a 12 month high of $166.89. The company has a current ratio of 3.29, a quick ratio of 1.28 and a debt-to-equity ratio of 0.27.

Dorman Products (NASDAQ:DORM – Get Free Report) last posted its 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 business had revenue of $528.77 million during 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 company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.02 EPS. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. Equities analysts predict that Dorman Products, Inc. will post 8.22 EPS for the current fiscal year.

Dorman Products Profile

(Free Report)

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.

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