Dorman Products (NASDAQ:DORM) Cut 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 research report issued to clients and investors on Saturday.

Other equities analysts have also 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 report on Friday. Weiss Ratings cut Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, January 30th. One investment 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $171.75.

Dorman Products Stock Performance

Shares of Dorman Products stock opened at $117.86 on Friday. The business’s 50 day moving average price is $126.17 and its 200 day moving average price is $138.23. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 17.75 and a beta of 0.92. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.19 and a current ratio of 2.94. Dorman Products has a one year low of $106.95 and a one year high of $166.89.

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

Insider Transactions at Dorman Products

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

Institutional Inflows and Outflows

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

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.