EntryPoint Capital LLC Takes Position in Dorman Products, Inc. $DORM

EntryPoint Capital LLC purchased a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM) during the 1st quarter, Holdings Channel reports. The fund purchased 2,168 shares of the auto parts company’s stock, valued at approximately $261,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DORM. Wellington Management Group LLP grew its stake in shares of Dorman Products by 192.9% during the first quarter. Wellington Management Group LLP now owns 511,791 shares of the auto parts company’s stock worth $61,691,000 after buying an additional 337,074 shares during the last quarter. Nuveen LLC bought a new stake in Dorman Products during the 1st quarter worth $25,976,000. Jennison Associates LLC grew its position in Dorman Products by 32.1% during the 1st quarter. Jennison Associates LLC now owns 598,642 shares of the auto parts company’s stock worth $72,160,000 after acquiring an additional 145,391 shares during the last quarter. Invesco Ltd. increased its holdings in Dorman Products by 22.1% in the 1st quarter. Invesco Ltd. now owns 760,774 shares of the auto parts company’s stock worth $91,704,000 after purchasing an additional 137,913 shares in the last quarter. Finally, Cercano Management LLC bought a new position in Dorman Products in the fourth quarter valued at about $16,328,000. Institutional investors own 84.70% of the company’s stock.

Insiders Place Their Bets

In other Dorman Products news, SVP Donna M. Long sold 820 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $122.21, for a total transaction of $100,212.20. Following the completion of the sale, the senior vice president directly owned 19,074 shares in the company, valued at approximately $2,331,033.54. This trade represents a 4.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 8.90% of the company’s stock.

Dorman Products Stock Performance

NASDAQ:DORM opened at $162.73 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.21 and a current ratio of 2.74. Dorman Products, Inc. has a fifty-two week low of $106.21 and a fifty-two week high of $163.45. The company has a 50 day simple moving average of $130.32 and a two-hundred day simple moving average of $125.70. The company has a market capitalization of $4.97 billion, a PE ratio of 22.14 and a beta of 0.79.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.06 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.30. Dorman Products had a net margin of 10.83% and a return on equity of 19.23%. The company had revenue of $540.96 million for the quarter, compared to analyst estimates of $517.13 million. During the same period in the prior year, the firm posted $1.67 EPS. The company’s quarterly revenue was up 7.6% on a year-over-year basis. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. Research analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DORM. Wall Street Zen cut Dorman Products from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Wells Fargo & Company began coverage on shares of Dorman Products in a report on Friday. They set an “overweight” rating and a $175.00 target price on the stock. Finally, Zacks Research raised shares of Dorman Products from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $154.00.

Dorman Products Profile

Dorman Products, Inc supplies replacement and upgrade parts for passenger cars, light trucks, medium- and heavy-duty trucks, utility terrain vehicles, and all-terrain vehicles in the motor vehicle aftermarket industry in the United States and internationally. It offers engine products, including intake and exhaust manifolds, fans, thermostat housings, and throttle bodies; undercar products comprising fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, other engine, and transmission and axle components; steering and suspension products consist of control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, and leaf springs, as well as other suspension, steering, and brake components; body products, such as door handles and hinges, window lift motors, window regulators, switches and handles, wiper components, lighting, electrical, and other interior and exterior vehicle body components, including windshields for UTVs; electronics products comprise new and remanufactured modules, clusters and sensors; and hardware products, such as threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise.