CenterBook Partners LP Takes Position in Dorman Products, Inc. $DORM

CenterBook Partners LP bought a new stake in Dorman Products, Inc. (NASDAQ:DORM) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 35,843 shares of the auto parts company’s stock, valued at approximately $4,415,000. CenterBook Partners LP owned about 0.12% of Dorman Products at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. EverSource Wealth Advisors LLC increased its holdings in Dorman Products by 594.1% during the 2nd 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. Jones Financial Companies Lllp increased its holdings in Dorman Products by 26.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 417 shares of the auto parts company’s stock valued at $65,000 after purchasing an additional 88 shares during the period. Acadian Asset Management LLC purchased a new position in Dorman Products during the 1st quarter valued at about $71,000. Farther Finance Advisors LLC increased its holdings in Dorman Products by 96.4% during the 4th quarter. Farther Finance Advisors LLC now owns 807 shares of the auto parts company’s stock valued at $99,000 after purchasing an additional 396 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Dorman Products by 11.6% during the 4th quarter. GAMMA Investing LLC now owns 827 shares of the auto parts company’s stock valued at $102,000 after purchasing an additional 86 shares during the period. Institutional investors own 84.70% of the company’s stock.

Dorman Products Price Performance

DORM opened at $128.31 on Tuesday. The stock has a fifty day simple moving average of $114.37 and a two-hundred day simple moving average of $119.83. The company has a current ratio of 3.29, a quick ratio of 1.28 and a debt-to-equity ratio of 0.27. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 20.70 and a beta of 0.99. Dorman Products, Inc. has a 12-month low of $98.44 and a 12-month high of $166.89.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Monday, May 4th. The auto parts company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.05. The business had revenue of $528.77 million during the quarter, compared to the consensus estimate of $524.80 million. Dorman Products had a return on equity of 17.73% and a net margin of 8.84%.The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.02 earnings per share. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. Research analysts predict that Dorman Products, Inc. will post 8.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DORM. Barrington Research reissued an “outperform” rating and issued a $150.00 price target on shares of Dorman Products in a research note on Monday, May 4th. Jefferies Financial Group upgraded Dorman Products from a “hold” rating to a “buy” rating and reduced their target price for the stock from $159.00 to $140.00 in a report on Monday, March 2nd. Wall Street Zen downgraded Dorman Products from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Zacks Research upgraded Dorman Products from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Finally, Wells Fargo & Company reduced their target price on Dorman Products from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $157.00.

Insider Transactions at Dorman Products

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

Dorman Products Profile

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.