Legal & General Group Plc Invests $8.62 Million in Dorman Products, Inc. $DORM

Legal & General Group Plc bought a new position in Dorman Products, Inc. (NASDAQ:DORM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 63,174 shares of the auto parts company’s stock, valued at approximately $8,620,000. Legal & General Group Plc owned approximately 0.21% of Dorman Products as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake 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 purchasing an additional 1,148 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Dorman Products by 14.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,755 shares of the auto parts company’s stock valued at $453,000 after purchasing an additional 468 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Dorman Products by 4.5% during the 1st 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 buying an additional 662 shares in the last quarter. Millennium Management LLC raised its holdings 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 buying an additional 14,110 shares in the last quarter. Finally, United Services Automobile Association bought a new stake in Dorman Products in the 1st quarter worth approximately $215,000. Institutional investors own 84.70% of the company’s stock.

Analyst Ratings Changes

DORM has been the subject of several research reports. Zacks Research raised Dorman Products from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Freedom Capital cut shares of Dorman Products from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Wells Fargo & Company lifted their target price on shares of Dorman Products from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Roth Capital reissued a “buy” rating on shares of Dorman Products in a research note on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Dorman Products has a consensus rating of “Moderate Buy” and an average price target of $156.00.

Dorman Products Stock Down 1.3%

Shares of Dorman Products stock opened at $127.18 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.73 and a current ratio of 3.60. Dorman Products, Inc. has a 52-week low of $98.44 and a 52-week high of $166.89. The company’s 50 day moving average price is $135.39 and its 200-day moving average price is $122.66. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 17.61 and a beta of 0.99.

Dorman Products (NASDAQ:DORM) last announced its quarterly 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. The business had revenue of $544.60 million during 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%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter 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 research analysts forecast that Dorman Products, Inc. will post 8.65 EPS for the current year.

Insider Activity at Dorman Products

In other news, CAO Gregory C. Bowen sold 3,531 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $145.01, for a total transaction of $512,030.31. Following the completion of the sale, the chief accounting officer directly owned 5,340 shares in the company, valued at approximately $774,353.40. This represents a 39.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 7.70% of the company’s stock.

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.