Leeward Investments LLC MA Purchases 33,091 Shares of Dorman Products, Inc. $DORM

Leeward Investments LLC MA increased its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 28.4% in the first quarter, Holdings Channel.com reports. The firm owned 149,648 shares of the auto parts company’s stock after purchasing an additional 33,091 shares during the quarter. Leeward Investments LLC MA’s holdings in Dorman Products were worth $15,617,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP bought a new position in shares of Dorman Products during the fourth quarter valued at approximately $56,940,000. Victory Capital Management Inc. lifted its stake in shares of Dorman Products by 4,111.8% during the 4th quarter. Victory Capital Management Inc. now owns 366,087 shares of the auto parts company’s stock worth $45,098,000 after acquiring an additional 357,395 shares during the last quarter. Norges Bank purchased a new position in Dorman Products during the 4th quarter valued at $41,488,000. Clark Capital Management Group Inc. grew its position in Dorman Products by 299.6% in the 3rd quarter. Clark Capital Management Group Inc. now owns 316,961 shares of the auto parts company’s stock valued at $49,408,000 after acquiring an additional 237,639 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Dorman Products by 22.1% during the fourth quarter. Jennison Associates LLC now owns 813,781 shares of the auto parts company’s stock valued at $100,250,000 after purchasing an additional 147,233 shares during the period. 84.70% of the stock is currently owned by institutional investors.

Dorman Products Trading Up 2.8%

NASDAQ:DORM opened at $128.15 on Wednesday. Dorman Products, Inc. has a 52 week low of $98.44 and a 52 week high of $166.89. The firm has a 50 day moving average of $119.25 and a 200 day moving average of $119.45. The company has a quick ratio of 1.28, a current ratio of 3.29 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 20.67 and a beta of 0.99.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Monday, May 4th. The auto parts company reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.05. Dorman Products had a net margin of 8.84% and a return on equity of 17.73%. The business had revenue of $528.77 million for the quarter, compared to analyst estimates of $524.80 million. During the same period in the previous year, the company earned $2.02 earnings per share. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. As a group, sell-side analysts anticipate that Dorman Products, Inc. will post 8.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DORM has been the subject of a number of research analyst reports. Jefferies Financial Group upgraded shares of Dorman Products from a “hold” rating to a “buy” rating and decreased their price objective for the company from $159.00 to $140.00 in a report on Monday, March 2nd. Wells Fargo & Company dropped their price objective on Dorman Products from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dorman Products in a research note on Thursday, June 18th. Wall Street Zen downgraded shares of Dorman Products from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Stephens reissued an “overweight” rating and issued a $150.00 price objective on shares of Dorman Products in a research note on Wednesday, March 18th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $157.00.

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.