Dorman Products, Inc. $DORM Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its position in shares of Dorman Products, Inc. (NASDAQ:DORM) by 43.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,094 shares of the auto parts company’s stock after selling 4,603 shares during the quarter. State of Alaska Department of Revenue’s holdings in Dorman Products were worth $746,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in DORM. Reinhart Partners LLC. lifted its holdings in Dorman Products by 1.8% in the 3rd quarter. Reinhart Partners LLC. now owns 696,562 shares of the auto parts company’s stock valued at $85,399,000 after purchasing an additional 12,180 shares in the last quarter. GAMMA Investing LLC boosted its stake in Dorman Products by 32.9% during the 3rd quarter. GAMMA Investing LLC now owns 857 shares of the auto parts company’s stock worth $105,000 after purchasing an additional 212 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Dorman Products by 301.5% during the third quarter. Versant Capital Management Inc now owns 542 shares of the auto parts company’s stock worth $66,000 after buying an additional 407 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of Dorman Products by 9.5% during the second quarter. QRG Capital Management Inc. now owns 2,500 shares of the auto parts company’s stock worth $341,000 after buying an additional 217 shares in the last quarter. Finally, Tidal Investments LLC grew its holdings in shares of Dorman Products by 63.8% during the second quarter. Tidal Investments LLC now owns 6,595 shares of the auto parts company’s stock worth $900,000 after buying an additional 2,568 shares in the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

Dorman Products Stock Performance

Shares of Dorman Products stock opened at $127.49 on Friday. The business’s 50 day moving average price is $126.16 and its 200 day moving average price is $125.79. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 17.66 and a beta of 1.02. 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 one year low of $98.44 and a one year high of $164.00.

Dorman Products (NASDAQ:DORM) last issued its earnings results on Monday, August 3rd. The auto parts company reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $1.19. The company had revenue of $544.60 million during the quarter, compared to analysts’ expectations of $582.24 million. Dorman Products had a return on equity of 19.37% and a net margin of 10.18%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the business earned $2.06 EPS. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. On average, research analysts predict that Dorman Products, Inc. will post 8.65 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company increased their target price 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. Freedom Capital lowered shares of Dorman Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Weiss Ratings raised shares of Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Finally, Roth Capital reiterated a “buy” rating on shares of Dorman Products in a report on Wednesday, August 5th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Dorman Products has a consensus rating of “Moderate Buy” and a consensus target price of $150.00.

Insider Activity

In related news, CAO Gregory Bowen sold 3,531 shares of the company’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 completion of the sale, the chief accounting officer owned 5,340 shares of the company’s stock, valued at approximately $774,353.40. This represents a 39.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 7.70% of the company’s stock.

About Dorman Products

Dorman Products, Inc develops, manufactures and distributes replacement and upgrade parts for automobiles, light-, medium- and heavy-duty trucks, and other vehicles. Its products are sold primarily through the automotive aftermarket, serving professional repair shops, retailers, distributors, e-commerce channels and do-it-yourself consumers.

The company offers a broad range of products, including engine, transmission, cooling, electrical, steering, suspension, braking, chassis and body components.