Telemark Asset Management LLC Takes $2.45 Million Position in Dorman Products, Inc. $DORM

by · The Cerbat Gem

Telemark Asset Management LLC purchased a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM – Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 20,000 shares of the auto parts company’s stock, valued at approximately $2,453,000. Telemark Asset Management LLC owned 0.07% of Dorman Products at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GSA Capital Partners LLP purchased a new stake in Dorman Products in the first quarter worth about $582,000. Ruffer LLP lifted its position in shares of Dorman Products by 18.8% during the 1st quarter. Ruffer LLP now owns 39,556 shares of the auto parts company’s stock valued at $4,768,000 after buying an additional 6,259 shares in the last quarter. Alberta Investment Management Corp bought a new position in shares of Dorman Products during the 1st quarter valued at approximately $1,049,000. Zions Bancorporation National Association UT purchased a new stake in Dorman Products in the 1st quarter worth approximately $1,149,000. Finally, Allianz Asset Management GmbH bought a new stake in Dorman Products during the 1st quarter worth approximately $242,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Insider Activity

In other news, CAO Gregory C. Bowen sold 1,453 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $162.81, for a total value of $236,562.93. Following the completion of the sale, the chief accounting officer directly owned 4,659 shares of the company’s stock, valued at $758,531.79. This trade represents a 23.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DORM has been the topic of a number of recent analyst reports. Stephens assumed coverage on Dorman Products in a report on Tuesday, September 30th. They set an “overweight” rating and a $185.00 price target on the stock. Wall Street Zen downgraded Dorman Products from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 26th. Zacks Research cut Dorman Products from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Roth Capital increased their price objective on shares of Dorman Products to $182.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. Finally, BMO Capital Markets began coverage on shares of Dorman Products in a report on Thursday, September 18th. They issued an “outperform” rating and a $180.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Dorman Products presently has a consensus rating of “Buy” and an average target price of $180.50.

Check Out Our Latest Stock Report on Dorman Products

Dorman Products Price Performance

DORM stock opened at $126.06 on Friday. Dorman Products, Inc. has a 52 week low of $106.95 and a 52 week high of $166.89. The firm has a market capitalization of $3.85 billion, a P/E ratio of 15.70 and a beta of 0.84. The company has a fifty day simple moving average of $144.50 and a two-hundred day simple moving average of $137.66. The company has a quick ratio of 1.21, a current ratio of 2.94 and a debt-to-equity ratio of 0.28.

Dorman Products (NASDAQ:DORM – Get Free Report) last announced its earnings results on Monday, October 27th. The auto parts company reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.31. Dorman Products had a net margin of 11.62% and a return on equity of 19.85%. The firm had revenue of $543.74 million for the quarter, compared to analysts’ expectations of $548.60 million. During the same period in the prior year, the company earned $1.96 EPS. The business’s revenue was up 7.9% compared to the same quarter last year. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. Analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Dorman Products Profile

(Free Report)

Dorman Products, Inc supplies replacement and upgrade parts for passenger cars, light trucks, medium- and heavy-duty trucks, utility terrain vehicles, and all-terrain vehicles in the motor vehicle aftermarket industry in the United States and internationally. It offers engine products, including intake and exhaust manifolds, fans, thermostat housings, and throttle bodies; undercar products comprising fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, other engine, and transmission and axle components; steering and suspension products consist of control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, and leaf springs, as well as other suspension, steering, and brake components; body products, such as door handles and hinges, window lift motors, window regulators, switches and handles, wiper components, lighting, electrical, and other interior and exterior vehicle body components, including windshields for UTVs; electronics products comprise new and remanufactured modules, clusters and sensors; and hardware products, such as threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise.

Further Reading

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