12,180 Dorman Products, Inc. $DORM Shares Acquired by Reinhart Partners LLC.

by · The Markets Daily

Reinhart Partners LLC. boosted its position in Dorman Products, Inc. (NASDAQ:DORM – Free Report) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 696,562 shares of the auto parts company’s stock after acquiring an additional 12,180 shares during the period. Dorman Products accounts for about 2.1% of Reinhart Partners LLC.’s holdings, making the stock its 20th biggest position. Reinhart Partners LLC.’s holdings in Dorman Products were worth $85,399,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE bought a new position in shares of Dorman Products in the 2nd quarter worth $57,222,000. Congruence Capital LLC acquired a new position in Dorman Products during the fourth quarter worth $1,998,000. Jupiter Topco LLC bought a new position in shares of Dorman Products in the second quarter valued at $1,605,000. Legal & General Group Plc acquired a new position in shares of Dorman Products during the second quarter valued at about $8,620,000. Finally, Corient Private Wealth LP acquired a new stake in shares of Dorman Products in the 2nd quarter worth about $4,651,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

Dorman Products Stock Down 1.0%

Shares of NASDAQ:DORM opened at $120.40 on Friday. The firm has a fifty day moving average of $128.51 and a 200 day moving average of $124.42. Dorman Products, Inc. has a 52-week low of $98.44 and a 52-week high of $164.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.73 and a current ratio of 3.60. The firm has a market capitalization of $3.57 billion, a PE ratio of 16.68 and a beta of 1.02.

Dorman Products (NASDAQ:DORM – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The auto parts company reported $3.08 EPS for the quarter, topping the consensus estimate of $1.89 by $1.19. Dorman Products had a net margin of 10.18% and a return on equity of 19.37%. The firm had revenue of $544.60 million for the quarter, compared to the consensus estimate of $582.24 million. During the same period last year, the firm posted $2.06 earnings per share. The business’s revenue was up .7% compared to the same quarter last year. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. As a group, research analysts anticipate that Dorman Products, Inc. will post 8.65 EPS for the current fiscal year.

Insider Activity at Dorman Products

In other news, CAO Gregory Bowen sold 3,531 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $145.01, for a total value of $512,030.31. Following the completion of the sale, the chief accounting officer owned 5,340 shares of the company’s stock, valued at approximately $774,353.40. The trade was a 39.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 7.70% of the company’s stock.

Wall Street Analysts Forecast Growth

DORM has been the subject of a number of analyst reports. Weiss Ratings upgraded Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Wells Fargo & Company lifted their price objective on shares of Dorman Products from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Roth Capital reissued a “buy” rating on shares of Dorman Products in a research report on Wednesday, August 5th. Finally, Freedom Capital lowered Dorman Products from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $150.00.

Get Our Latest Research Report on Dorman Products

About Dorman Products

(Free Report)

Dorman Products, Inc (NASDAQ:DORM) is a supplier of replacement parts and products for the automotive aftermarket. The company develops, packages and distributes components designed to help repair and maintain passenger cars, light trucks and other vehicles, offering alternatives to original-equipment parts.

Its product portfolio includes underhood and undercar components, chassis and suspension parts, electrical components, heating and cooling products, drivetrain parts, body hardware, automotive lighting and repair hardware.

See Also

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