Clark Capital Management Group Inc. Raises Stake in Dorman Products, Inc. $DORM

Clark Capital Management Group Inc. boosted its stake in Dorman Products, Inc. (NASDAQ:DORM) by 299.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 316,961 shares of the auto parts company’s stock after purchasing an additional 237,639 shares during the quarter. Clark Capital Management Group Inc. owned approximately 1.04% of Dorman Products worth $49,408,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. grew its stake in Dorman Products by 34.8% during the second quarter. Hillsdale Investment Management Inc. now owns 44,960 shares of the auto parts company’s stock valued at $5,515,000 after acquiring an additional 11,600 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Dorman Products by 15.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 190,530 shares of the auto parts company’s stock worth $29,700,000 after acquiring an additional 25,710 shares during the period. First National Bank of Omaha purchased a new stake in Dorman Products in the 3rd quarter worth approximately $5,099,000. Capital Fund Management S.A. bought a new position in Dorman Products in the 2nd quarter valued at $1,423,000. Finally, Tributary Capital Management LLC boosted its holdings in Dorman Products by 90.5% in the 3rd quarter. Tributary Capital Management LLC now owns 234,388 shares of the auto parts company’s stock valued at $36,536,000 after purchasing an additional 111,380 shares during the period. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on DORM shares. Wells Fargo & Company decreased their price target on shares of Dorman Products from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Barrington Research restated an “outperform” rating and set a $150.00 target price on shares of Dorman Products in a research report on Thursday, March 5th. Jefferies Financial Group upgraded Dorman Products from a “hold” rating to a “buy” rating and decreased their target price for the stock from $159.00 to $140.00 in a research note on Monday, March 2nd. Wall Street Zen cut Dorman Products from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Zacks Research downgraded Dorman Products from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $162.83.

Dorman Products Price Performance

DORM opened at $102.81 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 3.09. The stock has a market capitalization of $3.10 billion, a PE ratio of 15.48 and a beta of 0.92. The stock’s 50 day moving average price is $123.05 and its 200-day moving average price is $134.63. Dorman Products, Inc. has a 52-week low of $101.03 and a 52-week high of $166.89.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Wednesday, February 25th. The auto parts company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.02. Dorman Products had a net margin of 9.59% and a return on equity of 19.15%. The business had revenue of $537.93 million for the quarter, compared to analysts’ expectations of $573.38 million. During the same quarter in the previous year, the business posted $2.20 earnings per share. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. On average, equities research analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current year.

Insider Activity at Dorman Products

In other news, SVP Donna M. Long sold 812 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $123.75, for a total value of $100,485.00. Following the completion of the transaction, the senior vice president owned 17,856 shares in the company, valued at $2,209,680. This trade represents a 4.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.90% of the stock is currently owned by 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.