Dorman Products, Inc. $DORM Holdings Lowered by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System decreased its stake in Dorman Products, Inc. (NASDAQ:DORM) by 49.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,995 shares of the auto parts company’s stock after selling 3,985 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Dorman Products were worth $623,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TD Private Client Wealth LLC boosted its holdings in shares of Dorman Products by 5.9% in the third quarter. TD Private Client Wealth LLC now owns 1,457 shares of the auto parts company’s stock worth $227,000 after buying an additional 81 shares during the period. Private Trust Co. NA boosted its stake in Dorman Products by 101.2% in the 3rd quarter. Private Trust Co. NA now owns 165 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 83 shares during the period. Nisa Investment Advisors LLC grew its position in Dorman Products by 0.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 9,539 shares of the auto parts company’s stock worth $1,487,000 after purchasing an additional 86 shares in the last quarter. New York State Teachers Retirement System raised its stake in Dorman Products by 0.4% during the 2nd quarter. New York State Teachers Retirement System now owns 24,835 shares of the auto parts company’s stock valued at $3,047,000 after purchasing an additional 94 shares during the period. Finally, Corient Private Wealth LLC raised its stake in Dorman Products by 2.6% during the 2nd quarter. Corient Private Wealth LLC now owns 3,842 shares of the auto parts company’s stock valued at $471,000 after purchasing an additional 99 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Stephens started coverage on Dorman Products in a research report on Tuesday, September 30th. They issued an “overweight” rating and a $185.00 target price for the company. Wall Street Zen lowered Dorman Products from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 26th. Zacks Research lowered shares of Dorman Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Dorman Products in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $180.50.

Insider Buying and Selling

In related news, SVP Donna M. Long sold 812 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $123.75, for a total value of $100,485.00. Following the completion of the sale, the senior vice president directly owned 17,856 shares in the company, valued at approximately $2,209,680. The trade was a 4.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John Mcknight sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $128.80, for a total value 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. The trade was a 18.00% decrease in their position. The SEC filing for this sale provides additional information. 8.90% of the stock is currently owned by company insiders.

Dorman Products Trading Down 2.0%

Shares of NASDAQ:DORM opened at $125.53 on Friday. The company has a current ratio of 2.94, a quick ratio of 1.19 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $3.84 billion, a PE ratio of 15.63 and a beta of 0.91. Dorman Products, Inc. has a 1 year low of $106.95 and a 1 year high of $166.89. The firm has a fifty day moving average price of $127.41 and a 200 day moving average price of $138.04.

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

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.