Granite Investment Partners LLC Boosts Stake in Dorman Products, Inc. $DORM

Granite Investment Partners LLC boosted its stake in Dorman Products, Inc. (NASDAQ:DORM) by 88.9% during the first quarter, Holdings Channel.com reports. The institutional investor owned 35,544 shares of the auto parts company’s stock after acquiring an additional 16,732 shares during the period. Granite Investment Partners LLC’s holdings in Dorman Products were worth $3,709,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of DORM. Oliver Luxxe Assets LLC acquired a new stake in shares of Dorman Products during the fourth quarter valued at $1,885,000. First Eagle Investment Management LLC purchased a new stake in Dorman Products during the 4th quarter worth about $9,035,000. Congruence Capital LLC purchased a new stake in Dorman Products during the 4th quarter worth about $1,998,000. KTF Investments LLC acquired a new position in Dorman Products in the 4th quarter valued at about $13,681,000. Finally, UBS Group AG raised its stake in Dorman Products by 90.1% in the 4th quarter. UBS Group AG now owns 95,609 shares of the auto parts company’s stock valued at $11,778,000 after purchasing an additional 45,314 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Dorman Products Stock Up 0.9%

Shares of NASDAQ:DORM opened at $136.48 on Friday. The stock has a 50-day simple moving average of $125.57 and a 200-day simple moving average of $120.26. The stock has a market capitalization of $4.08 billion, a P/E ratio of 22.01 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. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.28 and a current ratio of 3.29.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Monday, May 4th. The auto parts company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.52 by $0.05. The firm 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 for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.02 earnings per share. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. Equities analysts forecast that Dorman Products, Inc. will post 8.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DORM has been the topic of several analyst reports. Zacks Research raised shares of Dorman Products from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Stephens reiterated an “overweight” rating and set a $150.00 price target on shares of Dorman Products in a report on Wednesday, March 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Dorman Products in a research report on Thursday, June 18th. Finally, Barrington Research reissued an “outperform” rating and set a $150.00 price objective on shares of Dorman Products in a research note on Monday, May 4th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.00.

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.