Westfield Capital Management Co. LP Makes New $56.94 Million Investment in Dorman Products, Inc. $DORM

Westfield Capital Management Co. LP purchased a new position in Dorman Products, Inc. (NASDAQ:DORM) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 462,212 shares of the auto parts company’s stock, valued at approximately $56,940,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its position in Dorman Products by 49.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 162,537 shares of the auto parts company’s stock worth $20,023,000 after acquiring an additional 53,904 shares in the last quarter. Mawer Investment Management Ltd. bought a new stake in Dorman Products in the fourth quarter worth about $11,241,000. Norges Bank bought a new stake in Dorman Products in the fourth quarter worth about $41,488,000. Intech Investment Management LLC raised its holdings in Dorman Products by 8.9% during the 4th quarter. Intech Investment Management LLC now owns 23,955 shares of the auto parts company’s stock worth $2,951,000 after buying an additional 1,961 shares during the period. Finally, Huntington National Bank raised its holdings in Dorman Products by 12.8% during the 4th quarter. Huntington National Bank now owns 981 shares of the auto parts company’s stock worth $121,000 after buying an additional 111 shares during the period. 84.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DORM. Stephens restated an “overweight” rating and set a $150.00 price objective on shares of Dorman Products in a report on Wednesday, March 18th. Barrington Research restated an “outperform” rating and set a $150.00 price objective on shares of Dorman Products in a report on Monday, May 4th. Zacks Research upgraded Dorman Products from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Jefferies Financial Group upgraded Dorman Products from a “hold” rating to a “buy” rating and cut their price objective for the stock from $159.00 to $140.00 in a report on Monday, March 2nd. Finally, Wall Street Zen downgraded Dorman Products from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Insider Activity at Dorman Products

In related news, SVP Donna M. Long sold 947 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $103.07, for a total value of $97,607.29. Following the completion of the sale, the senior vice president owned 20,073 shares of the company’s stock, valued at approximately $2,068,924.11. The trade was a 4.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 7.70% of the company’s stock.

Dorman Products Trading Down 0.8%

NASDAQ:DORM opened at $127.03 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.29 and a quick ratio of 1.28. Dorman Products, Inc. has a fifty-two week low of $98.44 and a fifty-two week high of $166.89. The stock’s 50-day moving average is $113.93 and its two-hundred day moving average is $119.90. The stock has a market cap of $3.80 billion, a PE ratio of 20.49 and a beta of 0.99.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings results on Monday, May 4th. The auto parts company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.52 by $0.05. The business had revenue of $528.77 million during the quarter, compared to analysts’ expectations of $524.80 million. Dorman Products had a return on equity of 17.73% and a net margin of 8.84%.The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.02 EPS. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. As a group, equities research analysts forecast that Dorman Products, Inc. will post 8.22 earnings per share for the current fiscal year.

Dorman Products 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.