Congruence Capital LLC Makes New Investment in Dorman Products, Inc. $DORM

Congruence Capital LLC bought a new position in shares of Dorman Products, Inc. (NASDAQ:DORM) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 16,219 shares of the auto parts company’s stock, valued at approximately $1,998,000. Dorman Products accounts for about 0.7% of Congruence Capital LLC’s investment portfolio, making the stock its 27th biggest position.

Several other hedge funds also recently made changes to their positions in DORM. EverSource Wealth Advisors LLC increased its holdings in shares of Dorman Products by 594.1% during the second quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 202 shares during the period. Kestra Advisory Services LLC bought a new position in shares of Dorman Products during the fourth quarter worth approximately $48,000. Jones Financial Companies Lllp increased its holdings in shares of 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 purchasing an additional 88 shares during the period. Acadian Asset Management LLC bought a new position in shares of Dorman Products during the first quarter worth approximately $71,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Dorman Products by 96.4% during the fourth quarter. Farther Finance Advisors LLC now owns 807 shares of the auto parts company’s stock worth $99,000 after purchasing an additional 396 shares during the period. 84.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Wells Fargo & Company lowered their target price on shares of Dorman Products from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Zacks Research raised shares of Dorman Products from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Barrington Research reaffirmed an “outperform” rating and set a $150.00 target price on shares of Dorman Products in a report on Monday, May 4th. Jefferies Financial Group raised shares of Dorman Products from a “hold” rating to a “buy” rating and lowered their target price for the stock from $159.00 to $140.00 in a report on Monday, March 2nd. Finally, Wall Street Zen cut shares of Dorman Products from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $157.00.

Dorman Products Stock Performance

Shares of NASDAQ:DORM opened at $127.86 on Friday. The company’s 50 day simple moving average is $116.25 and its 200 day simple moving average is $119.86. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 20.62 and a beta of 0.99. 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 1 year low of $98.44 and a 1 year high of $166.89.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Monday, May 4th. The auto parts company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.05. The business had revenue of $528.77 million for the quarter, compared to analysts’ expectations of $524.80 million. Dorman Products had a net margin of 8.84% and a return on equity of 17.73%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $2.02 earnings per share. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. As a group, research analysts predict that Dorman Products, Inc. will post 8.22 EPS 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.