Summit Creek Advisors LLC Purchases Shares of 33,535 Dorman Products, Inc. $DORM

Summit Creek Advisors LLC acquired a new position in shares of Dorman Products, Inc. (NASDAQ:DORM) in the 2nd quarter, HoldingsChannel reports. The fund acquired 33,535 shares of the auto parts company’s stock, valued at approximately $4,576,000.

Several other large investors also recently made changes to their positions in the business. Coldstream Capital Management Inc. raised its stake in shares of 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 acquiring an additional 97 shares during the period. Corient Private Wealth LLC boosted its position in Dorman Products by 2.6% during the 2nd quarter. Corient Private Wealth LLC now owns 3,842 shares of the auto parts company’s stock worth $471,000 after purchasing an additional 99 shares during the period. Mackenzie Financial Corp boosted its position 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 period. Keybank National Association OH boosted its position 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 period. Finally, Huntington National Bank increased its holdings in Dorman Products by 12.8% in the 4th quarter. Huntington National Bank now owns 981 shares of the auto parts company’s stock valued at $121,000 after purchasing an additional 111 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Zacks Research upgraded Dorman Products from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Freedom Capital lowered Dorman Products from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Roth Capital reiterated a “buy” rating on shares of Dorman Products in a report on Wednesday, August 5th. Weiss Ratings raised Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Finally, Barrington Research restated an “outperform” rating and issued a $150.00 price target on shares of Dorman Products in a report on Monday, May 4th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $160.33.

Dorman Products Stock Performance

NASDAQ:DORM opened at $132.82 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.60 and a quick ratio of 1.73. The firm has a 50-day moving average of $134.58 and a two-hundred day moving average of $122.51. The stock has a market cap of $3.94 billion, a P/E ratio of 18.40 and a beta of 0.98. 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 earnings results on Monday, August 3rd. The auto parts company reported $3.08 earnings per share for the quarter, beating the consensus estimate of $1.89 by $1.19. Dorman Products had a return on equity of 19.37% and a net margin of 10.18%.The company had revenue of $544.60 million during the quarter, compared to the consensus estimate of $582.24 million. During the same period last year, the firm earned $2.06 earnings per share. The company’s revenue was up .7% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. On average, research analysts expect that Dorman Products, Inc. will post 8.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dorman Products news, CAO Gregory C. Bowen sold 3,531 shares of Dorman Products stock in a transaction that occurred 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 directly owned 5,340 shares in the company, valued at $774,353.40. The trade was a 39.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.70% of the stock is currently owned by company insiders.

Dorman Products Company 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.