Creative Planning Acquires 652 Shares of Dorman Products, Inc. $DORM

Creative Planning lifted its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 8.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,428 shares of the auto parts company’s stock after acquiring an additional 652 shares during the period. Creative Planning’s holdings in Dorman Products were worth $1,034,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of DORM. Wellington Management Group LLP boosted its holdings in Dorman Products by 192.9% in the 1st quarter. Wellington Management Group LLP now owns 511,791 shares of the auto parts company’s stock valued at $61,691,000 after purchasing an additional 337,074 shares during the period. Nuveen LLC bought a new stake in shares of Dorman Products in the first quarter valued at approximately $25,976,000. Jennison Associates LLC boosted its stake in shares of Dorman Products by 24.3% in the second quarter. Jennison Associates LLC now owns 744,400 shares of the auto parts company’s stock valued at $91,316,000 after buying an additional 145,758 shares during the period. Invesco Ltd. grew its position in Dorman Products by 22.1% during the first quarter. Invesco Ltd. now owns 760,774 shares of the auto parts company’s stock worth $91,704,000 after buying an additional 137,913 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in Dorman Products by 24,717.5% during the 2nd quarter. Bessemer Group Inc. now owns 109,445 shares of the auto parts company’s stock worth $13,425,000 after acquiring an additional 109,004 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.

Dorman Products Trading Down 1.4%

DORM opened at $132.39 on Monday. The company has a market cap of $4.05 billion, a P/E ratio of 16.49 and a beta of 0.84. The company has a current ratio of 2.94, a quick ratio of 1.21 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $141.44 and its 200-day moving average is $138.19. Dorman Products, Inc. has a 1-year low of $106.95 and a 1-year high of $166.89.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Monday, October 27th. The auto parts company reported $2.62 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 business had revenue of $543.74 million during the quarter, compared to the consensus estimate of $548.60 million. During the same quarter in the prior year, the firm earned $1.96 EPS. The firm’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. Equities research analysts predict that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DORM. Stephens started coverage on Dorman Products in a report on Tuesday, September 30th. They set an “overweight” rating and a $185.00 target price on the stock. Zacks Research cut shares of 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 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. Wells Fargo & Company started coverage on shares of Dorman Products in a report on Friday, August 22nd. They set an “overweight” rating and a $175.00 price target for the company. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Dorman Products in a research report on Tuesday, November 25th. One research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $180.50.

Insider Activity at Dorman Products

In related news, CAO Gregory C. Bowen sold 1,453 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $162.81, for a total transaction of $236,562.93. Following the sale, the chief accounting officer 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 legal filing with the SEC, which is available through this hyperlink. Insiders own 8.90% of the company’s stock.

About Dorman Products

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.