Texas Permanent School Fund Corp Has $3.58 Million Stock Holdings in Dorman Products, Inc. $DORM

by · The Cerbat Gem

Texas Permanent School Fund Corp raised its position in Dorman Products, Inc. (NASDAQ:DORM – Free Report) by 17.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,209 shares of the auto parts company’s stock after acquiring an additional 4,374 shares during the period. Texas Permanent School Fund Corp’s holdings in Dorman Products were worth $3,583,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in shares of Dorman Products by 594.1% during the second quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 202 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in Dorman Products by 961.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 329 shares of the auto parts company’s stock worth $40,000 after buying an additional 298 shares in the last quarter. Newbridge Financial Services Group Inc. increased its holdings in Dorman Products by 30.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 428 shares of the auto parts company’s stock valued at $53,000 after buying an additional 100 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Dorman Products in the 1st quarter valued at $71,000. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Dorman Products by 38.8% during the 1st quarter. Advisors Asset Management Inc. now owns 912 shares of the auto parts company’s stock worth $110,000 after acquiring an additional 255 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.

Wall Street Analyst Weigh In

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

Check Out Our Latest Report on Dorman Products

Dorman Products Price Performance

Dorman Products stock opened at $126.69 on Friday. The business’s fifty day moving average is $134.49 and its two-hundred day moving average is $137.95. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.19 and a current ratio of 2.94. The firm has a market cap of $3.87 billion, a P/E ratio of 15.78 and a beta of 0.88. Dorman Products, Inc. has a 52 week low of $106.95 and a 52 week high of $166.89.

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

Insider Activity

In other news, insider John Mcknight sold 2,000 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $128.80, for a total transaction of $257,600.00. Following the sale, the insider directly owned 9,112 shares of the company’s stock, valued at $1,173,625.60. This represents a 18.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 8.90% of the company’s stock.

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.

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