The Manufacturers Life Insurance Company Buys Shares of 13,354 Dorman Products, Inc. $DORM

The Manufacturers Life Insurance Company bought a new stake in shares of Dorman Products, Inc. (NASDAQ:DORM) during the second quarter, HoldingsChannel.com reports. The fund bought 13,354 shares of the auto parts company’s stock, valued at approximately $1,822,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Coldstream Capital Management Inc. lifted its stake in shares of Dorman Products by 3.7% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,696 shares of the auto parts company’s stock worth $420,000 after acquiring an additional 97 shares during the last quarter. Corient Private Wealth LLC grew its position in Dorman Products by 2.6% in the 2nd quarter. Corient Private Wealth LLC now owns 3,842 shares of the auto parts company’s stock valued at $471,000 after acquiring an additional 99 shares during the last quarter. Mackenzie Financial Corp grew its position in Dorman Products by 6.4% in the 3rd quarter. Mackenzie Financial Corp now owns 1,740 shares of the auto parts company’s stock valued at $271,000 after acquiring an additional 105 shares during the last quarter. Keybank National Association OH grew its position in Dorman Products by 1.5% in the 1st quarter. Keybank National Association OH now owns 7,101 shares of the auto parts company’s stock valued at $741,000 after acquiring an additional 106 shares during the last quarter. Finally, Huntington National Bank increased its stake in Dorman Products by 12.8% in the fourth quarter. Huntington National Bank now owns 981 shares of the auto parts company’s stock worth $121,000 after purchasing an additional 111 shares during the period. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Dorman Products Trading Up 0.9%

NASDAQ:DORM opened at $129.66 on Friday. The firm has a 50-day simple moving average of $135.23 and a 200-day simple moving average of $122.63. Dorman Products, Inc. has a one year low of $98.44 and a one year high of $166.89. The firm has a market cap of $3.85 billion, a P/E ratio of 17.96 and a beta of 0.99. 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 (NASDAQ:DORM) last released its quarterly earnings data on Monday, August 3rd. The auto parts company reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $1.19. The firm had revenue of $544.60 million for the quarter, compared to the consensus estimate of $582.24 million. Dorman Products had a net margin of 10.18% and a return on equity of 19.37%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the firm earned $2.06 earnings per share. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. Equities analysts anticipate that Dorman Products, Inc. will post 8.65 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on DORM. Weiss Ratings upgraded Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Freedom Capital cut shares of Dorman Products from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Roth Capital reaffirmed a “buy” rating on shares of Dorman Products in a research note on Wednesday, August 5th. Zacks Research upgraded shares of Dorman Products from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Finally, Wells Fargo & Company boosted their price objective on shares of Dorman Products from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Dorman Products presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

Insider Buying and Selling at Dorman Products

In other news, CAO Gregory Bowen sold 3,531 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $145.01, for a total value of $512,030.31. Following the sale, the chief accounting officer directly owned 5,340 shares in the company, valued at approximately $774,353.40. This trade represents a 39.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.