Csenge Advisory Group Invests $2.20 Million in Dorman Products, Inc. $DORM

Csenge Advisory Group purchased a new position in Dorman Products, Inc. (NASDAQ:DORM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 16,133 shares of the auto parts company’s stock, valued at approximately $2,201,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its holdings 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 last quarter. Integrated Wealth Concepts LLC boosted its stake in Dorman Products by 14.2% in the first quarter. Integrated Wealth Concepts LLC now owns 3,755 shares of the auto parts company’s stock valued at $453,000 after acquiring an additional 468 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Dorman Products by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,381 shares of the auto parts company’s stock valued at $1,854,000 after acquiring an additional 662 shares during the last quarter. Millennium Management LLC grew its position in shares of Dorman Products by 74.6% during the 1st quarter. Millennium Management LLC now owns 33,021 shares of the auto parts company’s stock valued at $3,980,000 after acquiring an additional 14,110 shares during the period. Finally, United Services Automobile Association bought a new position in shares of Dorman Products during the 1st quarter valued at approximately $215,000. Institutional investors own 84.70% of the company’s stock.

Dorman Products Price Performance

DORM opened at $134.12 on Thursday. The firm has a 50-day moving average price of $134.73 and a 200-day moving average price of $122.58. Dorman Products, Inc. has a twelve month low of $98.44 and a twelve month high of $166.89. The company has a quick ratio of 1.73, a current ratio of 3.60 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 18.58 and a beta of 0.98.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings results on Monday, August 3rd. The auto parts company reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $1.19. The company had revenue of $544.60 million for the quarter, compared to analysts’ expectations of $582.24 million. Dorman Products had a net margin of 10.18% and a return on equity of 19.37%. Dorman Products’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.06 EPS. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. Equities analysts expect that Dorman Products, Inc. will post 8.65 EPS for the current year.

Insider Transactions at Dorman Products

In other Dorman Products news, CAO Gregory C. Bowen sold 3,531 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $145.01, for a total transaction of $512,030.31. Following the sale, the chief accounting officer owned 5,340 shares in the company, valued at $774,353.40. This represents a 39.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 7.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

DORM has been the subject of several research analyst reports. Wells Fargo & Company raised their price target on shares of Dorman Products from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Roth Capital reissued a “buy” rating on shares of Dorman Products in a research report on Wednesday, August 5th. Freedom Capital lowered Dorman Products from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Zacks Research raised Dorman Products from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Barrington Research reiterated an “outperform” rating and set a $150.00 price target on shares of Dorman Products in a research note on Monday, May 4th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Dorman Products has a consensus rating of “Moderate Buy” and a consensus price target of $160.33.

Dorman Products 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.