Jennison Associates LLC Increases Stake in Dorman Products, Inc. $DORM

Jennison Associates LLC raised its position in Dorman Products, Inc. (NASDAQ:DORM) by 1.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 826,285 shares of the auto parts company’s stock after acquiring an additional 12,504 shares during the period. Jennison Associates LLC’s holdings in Dorman Products were worth $86,231,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp increased its stake in shares of Dorman Products by 0.7% during the fourth quarter. State Street Corp now owns 1,061,708 shares of the auto parts company’s stock worth $130,792,000 after acquiring an additional 7,846 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Dorman Products by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,047,699 shares of the auto parts company’s stock valued at $129,072,000 after purchasing an additional 21,868 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Dorman Products by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 713,255 shares of the auto parts company’s stock valued at $87,880,000 after purchasing an additional 26,229 shares in the last quarter. Wellington Management Group LLP increased its position in Dorman Products by 8.8% during the 4th quarter. Wellington Management Group LLP now owns 507,662 shares of the auto parts company’s stock worth $62,539,000 after purchasing an additional 40,928 shares during the period. Finally, Royce & Associates LP increased its position in Dorman Products by 0.3% during the 4th quarter. Royce & Associates LP now owns 498,959 shares of the auto parts company’s stock worth $61,467,000 after purchasing an additional 1,538 shares during the period. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Dorman Products Price Performance

DORM stock opened at $141.97 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.29 and a quick ratio of 1.28. The company’s 50 day simple moving average is $128.09 and its 200-day simple moving average is $120.86. Dorman Products, Inc. has a 12 month low of $98.44 and a 12 month high of $166.89. The firm has a market capitalization of $4.24 billion, a PE ratio of 22.90 and a beta of 0.97.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Monday, May 4th. The auto parts company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.05. Dorman Products had a return on equity of 17.73% and a net margin of 8.84%.The firm had revenue of $528.77 million for the quarter, compared to analyst estimates of $524.80 million. During the same quarter in the prior year, the company earned $2.02 EPS. Dorman Products’s revenue was up 4.2% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. Equities analysts expect 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 several recent analyst reports. Barrington Research reissued an “outperform” rating and issued a $150.00 price target on shares of Dorman Products in a report on Monday, May 4th. Weiss Ratings raised Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Finally, Zacks Research raised Dorman Products from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

Dorman Products Company 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.