Dorman Products, Inc. $DORM Shares Bought by Southernsun Asset Management LLC

Southernsun Asset Management LLC boosted its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 29.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 246,521 shares of the auto parts company’s stock after buying an additional 55,948 shares during the period. Dorman Products accounts for about 3.7% of Southernsun Asset Management LLC’s portfolio, making the stock its 14th largest holding. Southernsun Asset Management LLC’s holdings in Dorman Products were worth $25,727,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 86 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in Dorman Products by 3.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,696 shares of the auto parts company’s stock valued at $420,000 after purchasing an additional 97 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in Dorman Products by 2.6% in the 2nd quarter. Corient Private Wealth LLC now owns 3,842 shares of the auto parts company’s stock valued at $471,000 after purchasing an additional 99 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Dorman Products by 6.4% during the 3rd quarter. Mackenzie Financial Corp now owns 1,740 shares of the auto parts company’s stock worth $271,000 after purchasing an additional 105 shares during the last quarter. Finally, Keybank National Association OH boosted its stake in Dorman Products by 1.5% during the 1st quarter. Keybank National Association OH now owns 7,101 shares of the auto parts company’s stock worth $741,000 after purchasing an additional 106 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Analyst Ratings Changes

DORM has been the subject of a number of recent research reports. Wells Fargo & Company increased their target price on shares of Dorman Products from $140.00 to $155.00 and gave the company an “overweight” rating in a research report on Tuesday. Weiss Ratings upgraded shares of Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Barrington Research reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Dorman Products in a research note on Monday, May 4th. Finally, Zacks Research upgraded shares of Dorman Products from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Dorman Products currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.50.

Dorman Products Stock Down 0.1%

NASDAQ DORM opened at $137.47 on Wednesday. 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. The business’s fifty day simple moving average is $128.79 and its 200-day simple moving average is $121.04. The firm has a market cap of $4.11 billion, a PE ratio of 22.17 and a beta of 0.97.

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. Dorman Products had a net margin of 8.84% and a return on equity of 17.73%. The firm had revenue of $528.77 million during the quarter, compared to analyst estimates of $524.80 million. During the same quarter in the prior year, the firm posted $2.02 earnings per share. Dorman Products’s quarterly revenue was up 4.2% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. As a group, equities analysts anticipate that Dorman Products, Inc. will post 8.22 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.