VIRGINIA RETIREMENT SYSTEMS ET Al Has $739,000 Holdings in Dorman Products, Inc. $DORM

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 62.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,000 shares of the auto parts company’s stock after selling 10,000 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Dorman Products were worth $739,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. TD Private Client Wealth LLC raised its stake in Dorman Products by 5.9% during 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 last quarter. GAMMA Investing LLC raised its stake in Dorman Products by 11.6% during the fourth quarter. GAMMA Investing LLC now owns 827 shares of the auto parts company’s stock worth $102,000 after buying an additional 86 shares during the last quarter. Jones Financial Companies Lllp raised its stake in Dorman Products by 26.7% during the third quarter. Jones Financial Companies Lllp now owns 417 shares of the auto parts company’s stock worth $65,000 after buying an additional 88 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Dorman Products by 2.7% during the third quarter. PNC Financial Services Group Inc. now owns 3,300 shares of the auto parts company’s stock worth $514,000 after buying an additional 88 shares during the last quarter. Finally, Coldstream Capital Management Inc. raised its stake in Dorman Products by 3.7% during the third quarter. Coldstream Capital Management Inc. now owns 2,696 shares of the auto parts company’s stock worth $420,000 after buying an additional 97 shares during the last quarter. Institutional investors own 84.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on DORM shares. Wells Fargo & Company lowered their target price on shares of Dorman Products from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Barrington Research restated an “outperform” rating and set a $150.00 price target on shares of Dorman Products in a report on Monday, May 4th. Zacks Research cut shares of Dorman Products from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. Wall Street Zen cut shares of Dorman Products from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Jefferies Financial Group upgraded shares of Dorman Products from a “hold” rating to a “buy” rating and cut their price target for the stock from $159.00 to $140.00 in a report on Monday, March 2nd. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $157.00.

Insider Activity at Dorman Products

In other news, SVP Donna M. Long sold 947 shares of the stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $103.07, for a total value of $97,607.29. Following the transaction, the senior vice president owned 20,073 shares of the company’s stock, valued at $2,068,924.11. This represents a 4.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 7.70% of the stock is owned by insiders.

Dorman Products Stock Performance

Dorman Products stock opened at $116.16 on Monday. The firm’s 50 day simple moving average is $108.97 and its 200 day simple moving average is $121.10. The company has a current ratio of 3.29, a quick ratio of 1.28 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $3.47 billion, a PE ratio of 18.74 and a beta of 0.97. Dorman Products, Inc. has a 1-year low of $98.44 and a 1-year high of $166.89.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Monday, May 4th. The auto parts company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.05. The business had revenue of $528.77 million for 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 was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.02 EPS. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. As a group, analysts expect that Dorman Products, Inc. will post 8.22 earnings per share for the current fiscal 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.