Dorman Products (NASDAQ:DORM) Rating Lowered to Hold at Wall Street Zen

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

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Company decreased their target price on shares of Dorman Products from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday. Weiss Ratings lowered Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, January 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $171.75.

Dorman Products Trading Up 1.1%

NASDAQ DORM opened at $117.86 on Friday. The company has a quick ratio of 1.19, a current ratio of 2.94 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $126.17 and a 200 day moving average price of $138.23. The stock has a market capitalization of $3.60 billion, a P/E ratio of 17.75 and a beta of 0.92. Dorman Products has a 52-week low of $106.95 and a 52-week high of $166.89.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Wednesday, February 25th. The auto parts company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.02. The company had revenue of $537.93 million for the quarter, compared to analyst estimates of $573.38 million. Dorman Products had a return on equity of 19.39% and a net margin of 9.59%.Dorman Products’s revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.20 earnings per share. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. Equities research analysts expect that Dorman Products will post 6.9 EPS for the current year.

Insider Buying and Selling

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

Institutional Trading of Dorman Products

A number of hedge funds and other institutional investors have recently modified their holdings of DORM. Private Trust Co. NA raised its position in shares of Dorman Products by 101.2% in the 3rd quarter. Private Trust Co. NA now owns 165 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 83 shares in the last quarter. Salem Investment Counselors Inc. bought a new stake in shares of Dorman Products in the third quarter worth $27,000. Salomon & Ludwin LLC acquired a new stake in Dorman Products in the third quarter valued at $29,000. EverSource Wealth Advisors LLC raised its holdings in Dorman Products by 594.1% in the second quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 202 shares in the last quarter. Finally, Miller Capital Partners Inc. bought a new position in Dorman Products during the 4th quarter valued at $37,000. 84.70% of the stock is owned by hedge funds and other institutional investors.

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.