First Eagle Investment Management LLC Buys Shares of 73,342 Dorman Products, Inc. $DORM

by · The Cerbat Gem

First Eagle Investment Management LLC bought a new stake in Dorman Products, Inc. (NASDAQ:DORM – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 73,342 shares of the auto parts company’s stock, valued at approximately $9,035,000.

Other hedge funds have also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC raised its holdings in Dorman Products by 5.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,457 shares of the auto parts company’s stock valued at $227,000 after acquiring an additional 81 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Dorman Products by 0.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 9,539 shares of the auto parts company’s stock worth $1,487,000 after buying an additional 86 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Dorman Products by 11.6% during 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 in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Dorman Products by 26.7% during 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 in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Dorman Products by 2.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,300 shares of the auto parts company’s stock worth $514,000 after buying an additional 88 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Analyst Upgrades and Downgrades

DORM has been the subject of a number of research analyst reports. Barrington Research reissued an “outperform” rating and set a $150.00 price target on shares of Dorman Products in a report on Monday, May 4th. Wells Fargo & Company lowered their price target on Dorman Products from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Weiss Ratings cut Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, January 30th. Zacks Research cut Dorman Products from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. Finally, Stephens reissued an “overweight” rating and set a $150.00 price target on shares of Dorman Products in a report on Wednesday, March 18th. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.00.

View Our Latest Research Report on Dorman Products

Insiders Place Their Bets

In related news, SVP Donna M. Long sold 947 shares of the business’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $103.07, for a total transaction of $97,607.29. Following the sale, the senior vice president owned 20,073 shares in the company, valued at $2,068,924.11. The trade was a 4.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 7.70% of the stock is owned by corporate insiders.

Dorman Products Trading Down 1.2%

Shares of DORM stock opened at $119.52 on Wednesday. The firm has a market capitalization of $3.57 billion, a P/E ratio of 19.28 and a beta of 0.97. Dorman Products, Inc. has a twelve month low of $98.44 and a twelve month high of $166.89. The company has a quick ratio of 1.28, a current ratio of 3.29 and a debt-to-equity ratio of 0.27. The stock’s fifty day simple moving average is $108.88 and its 200 day simple moving average is $121.90.

Dorman Products (NASDAQ:DORM – Get Free Report) last issued its quarterly earnings data on Monday, May 4th. The auto parts company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.05. The business had revenue of $528.77 million for 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%.Dorman Products’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.02 EPS. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. As a group, sell-side analysts predict that Dorman Products, Inc. will post 8.22 EPS for the current fiscal year.

About Dorman Products

(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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