Thrivent Financial for Lutherans Trims Stock Position in Dorman Products, Inc. $DORM

Thrivent Financial for Lutherans cut its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 19.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,377 shares of the auto parts company’s stock after selling 5,043 shares during the quarter. Thrivent Financial for Lutherans owned about 0.07% of Dorman Products worth $2,510,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in DORM. AQR Capital Management LLC lifted its position in Dorman Products by 37.4% during the first quarter. AQR Capital Management LLC now owns 4,220 shares of the auto parts company’s stock worth $509,000 after buying an additional 1,148 shares during the period. Integrated Wealth Concepts LLC lifted its position in Dorman Products by 14.2% during the first quarter. Integrated Wealth Concepts LLC now owns 3,755 shares of the auto parts company’s stock worth $453,000 after buying an additional 468 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Dorman Products by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,381 shares of the auto parts company’s stock worth $1,854,000 after buying an additional 662 shares during the period. Millennium Management LLC lifted its position in Dorman Products by 74.6% during the first quarter. Millennium Management LLC now owns 33,021 shares of the auto parts company’s stock worth $3,980,000 after buying an additional 14,110 shares during the period. Finally, United Services Automobile Association purchased a new position in Dorman Products during the first quarter worth about $215,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Dorman Products Stock Performance

Dorman Products stock opened at $118.08 on Tuesday. The stock’s 50-day moving average is $110.09 and its 200-day moving average is $120.35. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 19.05 and a beta of 0.97. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.29 and a quick ratio of 1.28. Dorman Products, Inc. has a 12 month low of $98.44 and a 12 month high of $166.89.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Monday, May 4th. The auto parts company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.05. The company had revenue of $528.77 million for 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 company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $2.02 EPS. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. Equities analysts anticipate that Dorman Products, Inc. will post 8.22 earnings per share for the current year.

Insider Activity at Dorman Products

In other news, SVP Donna M. Long sold 947 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $103.07, for a total value of $97,607.29. Following the transaction, the senior vice president directly owned 20,073 shares in the company, valued at $2,068,924.11. This trade represents a 4.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on DORM shares. Zacks Research upgraded Dorman Products from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. 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 research report on Monday, March 2nd. 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 research report on Friday, February 27th. Weiss Ratings downgraded Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, January 30th. Finally, Wall Street Zen downgraded Dorman Products from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Dorman Products presently has an average rating of “Moderate Buy” and a consensus target price of $157.00.

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.