Ritholtz Wealth Management Trims Stock Holdings in Dorman Products, Inc. $DORM

Ritholtz Wealth Management lessened its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 70.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,395 shares of the auto parts company’s stock after selling 19,642 shares during the quarter. Ritholtz Wealth Management’s holdings in Dorman Products were worth $876,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Westfield Capital Management Co. LP purchased a new position in shares of Dorman Products during the 4th quarter valued at approximately $56,940,000. Victory Capital Management Inc. increased its stake in shares of Dorman Products by 4,111.8% in the fourth quarter. Victory Capital Management Inc. now owns 366,087 shares of the auto parts company’s stock worth $45,098,000 after buying an additional 357,395 shares during the last quarter. Norges Bank bought a new stake in shares of Dorman Products in the fourth quarter worth $41,488,000. Clark Capital Management Group Inc. raised its holdings in Dorman Products by 299.6% in the third quarter. Clark Capital Management Group Inc. now owns 316,961 shares of the auto parts company’s stock valued at $49,408,000 after acquiring an additional 237,639 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in Dorman Products by 22.1% in the fourth quarter. Jennison Associates LLC now owns 813,781 shares of the auto parts company’s stock valued at $100,250,000 after acquiring an additional 147,233 shares in the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DORM. Zacks Research raised shares of Dorman Products from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Stephens restated an “overweight” rating and issued a $150.00 target price on shares of Dorman Products in a research note on Wednesday, March 18th. Barrington Research reaffirmed an “outperform” rating and set a $150.00 price target on shares of Dorman Products in a research report on Monday, May 4th. Jefferies Financial Group upgraded Dorman Products from a “hold” rating to a “buy” rating and decreased their price target for the stock from $159.00 to $140.00 in a research note on Monday, March 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Dorman Products in a report on Thursday, June 18th. Six analysts have rated the stock with a Buy rating and two have given 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 target price of $157.00.

Dorman Products Stock Performance

Shares of NASDAQ DORM opened at $132.56 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 3.29 and a debt-to-equity ratio of 0.27. The firm’s 50-day moving average price is $121.26 and its two-hundred day moving average price is $119.68. Dorman Products, Inc. has a 52-week low of $98.44 and a 52-week high of $166.89. The stock has a market capitalization of $3.96 billion, a P/E ratio of 21.38 and a beta of 0.99.

Dorman Products (NASDAQ:DORM) last issued its earnings results on Monday, May 4th. The auto parts company reported $1.57 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.05. The company 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%.Dorman Products’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.02 earnings per share. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. As a group, sell-side analysts forecast that Dorman Products, Inc. will post 8.22 earnings per share for the current year.

Dorman Products Company 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.