Dorman Products, Inc. $DORM Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL cut its holdings in Dorman Products, Inc. (NASDAQ:DORM) by 93.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,492 shares of the auto parts company’s stock after selling 20,906 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Dorman Products were worth $233,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Private Trust Co. NA increased its holdings in Dorman Products by 101.2% in the 3rd quarter. Private Trust Co. NA now owns 165 shares of the auto parts company’s stock worth $26,000 after acquiring an additional 83 shares in the last quarter. Salem Investment Counselors Inc. purchased a new position in Dorman Products during the third quarter valued at $27,000. Salomon & Ludwin LLC acquired a new stake in shares of Dorman Products in the third quarter valued at about $29,000. EverSource Wealth Advisors LLC increased its stake in shares of Dorman Products by 594.1% during the second quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 202 shares in the last quarter. Finally, Richardson Financial Services Inc. increased its stake in shares of Dorman Products by 134.6% during the third quarter. Richardson Financial Services Inc. now owns 244 shares of the auto parts company’s stock worth $38,000 after purchasing an additional 140 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Donna M. Long sold 947 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $103.07, for a total transaction of $97,607.29. Following the completion of the sale, the senior vice president owned 20,073 shares in the company, valued at $2,068,924.11. This trade represents a 4.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.90% of the stock is owned by insiders.

Dorman Products Stock Performance

Shares of Dorman Products stock opened at $100.90 on Friday. The business’s 50 day moving average price is $116.68 and its 200 day moving average price is $129.33. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 15.20 and a beta of 0.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 3.09. Dorman Products, Inc. has a one year low of $98.44 and a one year high of $166.89.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Dorman Products from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Stephens reissued an “overweight” rating and set a $150.00 target price on shares of Dorman Products in a report on Wednesday, March 18th. Wells Fargo & Company lowered their price target 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. Barrington Research reiterated an “outperform” rating and set a $150.00 price target on shares of Dorman Products in a research report on Thursday, March 5th. Finally, Weiss Ratings downgraded Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, January 30th. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $157.00.

About Dorman Products

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.