Summit Creek Advisors LLC Raises Position in Dorman Products, Inc. (NASDAQ:DORM)

Summit Creek Advisors LLC lifted its stake in Dorman Products, Inc. (NASDAQ:DORMGet Rating) by 0.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 243,268 shares of the auto parts company’s stock after buying an additional 964 shares during the period. Dorman Products makes up 2.6% of Summit Creek Advisors LLC’s portfolio, making the stock its 12th biggest position. Summit Creek Advisors LLC owned 0.77% of Dorman Products worth $23,118,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp boosted its holdings in Dorman Products by 3.7% in the fourth quarter. State Street Corp now owns 905,090 shares of the auto parts company’s stock valued at $102,284,000 after purchasing an additional 32,243 shares during the last quarter. Eaton Vance Management boosted its holdings in Dorman Products by 11.6% in the fourth quarter. Eaton Vance Management now owns 725,553 shares of the auto parts company’s stock valued at $81,919,000 after purchasing an additional 75,325 shares during the last quarter. abrdn plc boosted its holdings in Dorman Products by 9.0% in the fourth quarter. abrdn plc now owns 612,098 shares of the auto parts company’s stock valued at $69,173,000 after purchasing an additional 50,723 shares during the last quarter. Royce & Associates LP boosted its holdings in Dorman Products by 8.4% in the first quarter. Royce & Associates LP now owns 563,843 shares of the auto parts company’s stock valued at $53,582,000 after purchasing an additional 43,795 shares during the last quarter. Finally, GW&K Investment Management LLC boosted its holdings in Dorman Products by 4.5% in the fourth quarter. GW&K Investment Management LLC now owns 555,513 shares of the auto parts company’s stock valued at $62,779,000 after purchasing an additional 24,027 shares during the last quarter. Hedge funds and other institutional investors own 82.23% of the company’s stock.

Dorman Products Trading Up 0.8 %

Shares of Dorman Products stock opened at $98.09 on Friday. The business’s 50 day simple moving average is $105.66 and its 200-day simple moving average is $99.11. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 22.19 and a beta of 0.52. Dorman Products, Inc. has a twelve month low of $88.43 and a twelve month high of $122.96.

Dorman Products (NASDAQ:DORMGet Rating) last announced its quarterly earnings results on Monday, July 25th. The auto parts company reported $1.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.02). The company had revenue of $417.40 million for the quarter, compared to analyst estimates of $400.57 million. Dorman Products had a return on equity of 17.00% and a net margin of 8.96%. The firm’s revenue for the quarter was up 34.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 earnings per share. Sell-side analysts predict that Dorman Products, Inc. will post 5.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DORM shares. MKM Partners started coverage on Dorman Products in a research note on Wednesday, May 18th. They set a “buy” rating and a $129.00 price objective on the stock. Barrington Research upped their price objective on Dorman Products from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, June 10th. Stephens cut their price objective on Dorman Products to $97.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 27th. Finally, StockNews.com cut Dorman Products from a “buy” rating to a “hold” rating in a research note on Saturday.

Dorman Products Profile

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Dorman Products, Inc supplies replacement parts and fasteners for passenger cars, light trucks, and medium- and heavy-duty trucks in the automotive aftermarket industry worldwide. It offers original equipment dealer products, such as intake and exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and oil drain plugs, and wheel bolts and lug nuts.

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Institutional Ownership by Quarter for Dorman Products (NASDAQ:DORM)

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