Dorman Products, Inc. $DORM Stake Reduced by Leeward Investments LLC MA

Leeward Investments LLC MA lessened its holdings in shares of Dorman Products, Inc. (NASDAQ:DORM) by 24.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 111,238 shares of the auto parts company’s stock after selling 35,371 shares during the quarter. Leeward Investments LLC MA’s holdings in Dorman Products were worth $13,638,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of DORM. Bank of America Corp DE acquired a new stake in shares of Dorman Products in the second quarter valued at approximately $57,222,000. Jupiter Topco LLC bought a new position in shares of Dorman Products during the 2nd quarter worth approximately $1,605,000. Legal & General Group Plc acquired a new position in shares of Dorman Products during the 2nd quarter worth approximately $8,620,000. Corient Private Wealth LP acquired a new position in shares of Dorman Products during the 2nd quarter worth approximately $4,651,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Dorman Products during the 2nd quarter worth approximately $1,822,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DORM shares. Weiss Ratings upgraded Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Roth Capital reaffirmed a “buy” rating on shares of Dorman Products in a research report on Wednesday, August 5th. Wells Fargo & Company reduced their price objective on shares of Dorman Products from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Freedom Capital downgraded shares of Dorman Products from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $147.50.

Dorman Products Price Performance

Shares of DORM opened at $125.24 on Monday. Dorman Products, Inc. has a 52 week low of $98.44 and a 52 week high of $164.00. The firm has a market cap of $3.72 billion, a P/E ratio of 17.35 and a beta of 1.02. The firm’s 50-day simple moving average is $125.94 and its 200 day simple moving average is $125.96. 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 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 firm had revenue of $544.60 million for 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 business’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.06 EPS. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. On average, analysts forecast that Dorman Products, Inc. will post 8.65 earnings per share for the current year.

Insider Activity at Dorman Products

In other news, CAO Gregory Bowen sold 3,531 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $145.01, for a total value of $512,030.31. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.