Dorman Products, Inc. $DORM Shares Sold by GW&K Investment Management LLC

GW&K Investment Management LLC lowered its stake in shares of Dorman Products, Inc. (NASDAQ:DORM) by 7.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 549,391 shares of the auto parts company’s stock after selling 47,053 shares during the period. Dorman Products accounts for approximately 0.8% of GW&K Investment Management LLC’s portfolio, making the stock its 25th biggest holding. GW&K Investment Management LLC’s holdings in Dorman Products were worth $85,640,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its holdings in Dorman Products by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,025,831 shares of the auto parts company’s stock valued at $159,894,000 after purchasing an additional 3,064 shares in the last quarter. Journey Strategic Wealth LLC acquired a new position in shares of Dorman Products in the third quarter valued at approximately $202,000. Royce & Associates LP lifted its stake in shares of Dorman Products by 0.8% during the third quarter. Royce & Associates LP now owns 497,421 shares of the auto parts company’s stock valued at $77,538,000 after buying an additional 4,092 shares during the period. Quantbot Technologies LP boosted its position in Dorman Products by 95.4% during the third quarter. Quantbot Technologies LP now owns 17,719 shares of the auto parts company’s stock worth $2,762,000 after acquiring an additional 8,653 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Dorman Products by 48.3% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 350 shares of the auto parts company’s stock worth $55,000 after acquiring an additional 114 shares during the period. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Weiss Ratings lowered Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, January 30th. Jefferies Financial Group upgraded Dorman Products from a “hold” rating to a “buy” rating and dropped their target price for the company from $159.00 to $140.00 in a research note on Monday. Wall Street Zen lowered Dorman Products from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Wells Fargo & Company lowered their price target on Dorman Products from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $165.40.

Insider Buying and Selling

In other news, insider John Mcknight sold 2,000 shares of the stock in a transaction on Friday, December 12th. The shares were sold at an average price of $128.80, for a total value of $257,600.00. Following the completion of the sale, the insider owned 9,112 shares of the company’s stock, valued at $1,173,625.60. This represents a 18.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Donna M. Long sold 812 shares of Dorman Products stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $123.75, for a total transaction of $100,485.00. Following the transaction, the senior vice president owned 17,856 shares in the company, valued at $2,209,680. The trade was a 4.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 8.90% of the stock is currently owned by corporate insiders.

Dorman Products Trading Down 0.1%

Shares of DORM opened at $116.16 on Thursday. Dorman Products, Inc. has a twelve month low of $106.95 and a twelve month high of $166.89. The firm has a market capitalization of $3.51 billion, a P/E ratio of 17.49 and a beta of 0.92. The company has a current ratio of 3.09, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27. The stock’s fifty day simple moving average is $125.60 and its 200 day simple moving average is $137.33.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings results on Wednesday, February 25th. The auto parts company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.15 by $0.02. The company had revenue of $537.93 million during the quarter, compared to analyst estimates of $573.38 million. Dorman Products had a return on equity of 19.15% and a net margin of 9.59%.The firm’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.20 earnings per share. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. On average, equities research analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

About Dorman Products

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.