Wall Street Zen Downgrades Dorman Products (NASDAQ:DORM) to Hold

Dorman Products (NASDAQ:DORM) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Other research analysts have also recently issued research reports about the company. Stephens initiated coverage on Dorman Products in a research note on Tuesday, September 30th. They issued an “overweight” rating and a $185.00 price objective on the stock. Zacks Research lowered Dorman Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Dorman Products in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $180.50.

Dorman Products Trading Down 1.2%

DORM stock opened at $124.05 on Friday. Dorman Products has a 12 month low of $106.95 and a 12 month high of $166.89. The firm’s 50-day moving average is $127.25 and its 200 day moving average is $138.13. The company has a market capitalization of $3.79 billion, a PE ratio of 15.45 and a beta of 0.91. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.94 and a quick ratio of 1.19.

Dorman Products (NASDAQ:DORM) last issued its earnings results on Monday, October 27th. The auto parts company reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.31. The business had revenue of $543.74 million for the quarter, compared to the consensus estimate of $548.60 million. Dorman Products had a net margin of 11.62% and a return on equity of 19.85%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.96 EPS. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. On average, research analysts anticipate that Dorman Products will post 6.9 EPS for the current year.

Insider Buying and Selling at Dorman Products

In related news, SVP Donna M. Long sold 812 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $123.75, for a total transaction of $100,485.00. Following the completion of the sale, the senior vice president directly owned 17,856 shares in the company, valued at $2,209,680. This represents a 4.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider John Mcknight sold 2,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $128.80, for a total transaction of $257,600.00. Following the sale, the insider directly owned 9,112 shares of the company’s stock, valued at approximately $1,173,625.60. The trade was a 18.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 8.90% of the company’s stock.

Institutional Investors Weigh In On Dorman Products

Several institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC increased its position in shares of Dorman Products by 96.4% during the fourth quarter. Farther Finance Advisors LLC now owns 807 shares of the auto parts company’s stock worth $99,000 after purchasing an additional 396 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Dorman Products by 1.9% during the 4th quarter. State of Alaska Department of Revenue now owns 15,948 shares of the auto parts company’s stock worth $1,964,000 after buying an additional 295 shares during the last quarter. Burney Co. purchased a new position in Dorman Products during the 4th quarter worth $419,000. Azzad Asset Management Inc. ADV increased its position in Dorman Products by 3.8% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 6,622 shares of the auto parts company’s stock valued at $816,000 after buying an additional 244 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in Dorman Products by 9,970.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 8,258 shares of the auto parts company’s stock valued at $1,017,000 after buying an additional 8,176 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

About Dorman Products

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.