Bank of New York Mellon Corp Cuts Stock Position in Dorman Products, Inc. $DORM

Bank of New York Mellon Corp cut its position in Dorman Products, Inc. (NASDAQ:DORM) by 3.8% in the first quarter, HoldingsChannel.com reports. The firm owned 166,236 shares of the auto parts company’s stock after selling 6,633 shares during the period. Bank of New York Mellon Corp’s holdings in Dorman Products were worth $17,348,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. raised its stake in shares of Dorman Products by 1.4% during the 1st quarter. Principal Financial Group Inc. now owns 149,852 shares of the auto parts company’s stock worth $15,639,000 after acquiring an additional 2,112 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of Dorman Products by 3.1% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 26,133 shares of the auto parts company’s stock worth $2,728,000 after purchasing an additional 793 shares in the last quarter. Fifth Third Bancorp grew its stake in Dorman Products by 8,421.3% during the 1st quarter. Fifth Third Bancorp now owns 15,168 shares of the auto parts company’s stock worth $1,583,000 after buying an additional 14,990 shares during the last quarter. Azzad Asset Management Inc. ADV increased its position in Dorman Products by 36.2% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 9,019 shares of the auto parts company’s stock valued at $941,000 after buying an additional 2,397 shares in the last quarter. Finally, Granite Investment Partners LLC increased its position in Dorman Products by 88.9% during the 1st quarter. Granite Investment Partners LLC now owns 35,544 shares of the auto parts company’s stock valued at $3,709,000 after buying an additional 16,732 shares in the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

Dorman Products Trading Down 1.3%

Dorman Products stock opened at $141.29 on Thursday. The stock has a 50-day moving average price of $131.27 and a 200 day moving average price of $121.55. The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of 22.79 and a beta of 0.97. Dorman Products, Inc. has a 52 week low of $98.44 and a 52 week high of $166.89. The company has a quick ratio of 1.28, a current ratio of 3.29 and a debt-to-equity ratio of 0.27.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results 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 company had revenue of $528.77 million during the quarter, compared to analyst estimates of $524.80 million. Dorman Products had a net margin of 8.84% and a return on equity of 17.73%. Dorman Products’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $2.02 EPS. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. Sell-side analysts anticipate that Dorman Products, Inc. will post 8.22 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on DORM. Wells Fargo & Company raised their price target on Dorman Products from $140.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Weiss Ratings upgraded shares of Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Barrington Research reissued an “outperform” rating and set a $150.00 target price on shares of Dorman Products in a research report on Monday, May 4th. Finally, Zacks Research upgraded shares of Dorman Products from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.50.

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.