Brown Advisory Inc. Boosts Stock Position in Dorman Products, Inc. $DORM

Brown Advisory Inc. grew its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 50.7% during the second quarter, HoldingsChannel.com reports. The firm owned 12,554 shares of the auto parts company’s stock after acquiring an additional 4,224 shares during the quarter. Brown Advisory Inc.’s holdings in Dorman Products were worth $1,540,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in DORM. New York State Teachers Retirement System grew its holdings in shares of Dorman Products by 0.4% in the second quarter. New York State Teachers Retirement System now owns 24,835 shares of the auto parts company’s stock worth $3,047,000 after purchasing an additional 94 shares during the last quarter. Bank of Montreal Can boosted its position in Dorman Products by 2.3% in the 2nd quarter. Bank of Montreal Can now owns 4,556 shares of the auto parts company’s stock valued at $559,000 after buying an additional 104 shares during the period. First National Advisers LLC grew its stake in Dorman Products by 3.6% in the 2nd quarter. First National Advisers LLC now owns 4,758 shares of the auto parts company’s stock worth $584,000 after acquiring an additional 165 shares in the last quarter. Keybank National Association OH increased its position in shares of Dorman Products by 4.7% during the second quarter. Keybank National Association OH now owns 4,406 shares of the auto parts company’s stock worth $540,000 after acquiring an additional 199 shares during the period. Finally, Cetera Investment Advisers raised its stake in shares of Dorman Products by 4.6% during the second quarter. Cetera Investment Advisers now owns 4,528 shares of the auto parts company’s stock valued at $555,000 after acquiring an additional 201 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors.

Dorman Products Price Performance

DORM opened at $125.71 on Thursday. The firm has a market capitalization of $3.84 billion, a PE ratio of 15.66 and a beta of 0.88. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.94 and a quick ratio of 1.19. The business’s 50-day moving average is $137.00 and its two-hundred day moving average is $138.03. Dorman Products, Inc. has a 1 year low of $106.95 and a 1 year high of $166.89.

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

Analysts Set New Price Targets

DORM has been the topic of several research analyst reports. Wells Fargo & Company started coverage on Dorman Products in a research note on Friday, August 22nd. They issued an “overweight” rating and a $175.00 price objective on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Dorman Products in a report on Monday. Zacks Research lowered Dorman Products from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Stephens started coverage on Dorman Products in a report on Tuesday, September 30th. They issued an “overweight” rating and a $185.00 price objective for the company. Finally, BMO Capital Markets started coverage on shares of Dorman Products in a research note on Thursday, September 18th. They issued an “outperform” rating and a $180.00 price objective for the company. One research 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 stock. Based on data from MarketBeat, Dorman Products presently has a consensus rating of “Buy” and an average target price of $180.50.

Insiders Place Their Bets

In other Dorman Products news, CAO Gregory C. Bowen sold 1,453 shares of Dorman Products stock in a transaction on Friday, September 12th. The shares were sold at an average price of $162.81, for a total value of $236,562.93. Following the transaction, the chief accounting officer directly owned 4,659 shares of the company’s stock, valued at approximately $758,531.79. The trade was a 23.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.90% of the stock is currently owned by company insiders.

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.