Dorman Products (NASDAQ:DORM) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Dorman Products (NASDAQ:DORM) from a buy rating to a hold rating in a report released on Friday.

DORM has been the subject of a number of other reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Dorman Products in a report on Monday, December 29th. Zacks Research cut shares of Dorman Products from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Finally, Stephens started coverage on shares of Dorman Products in a report on Tuesday, September 30th. They issued an “overweight” rating and a $185.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Dorman Products has an average rating of “Buy” and a consensus target price of $180.50.

Dorman Products Stock Performance

Shares of DORM opened at $124.05 on Friday. 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 has a one year low of $106.95 and a one year high of $166.89. The company’s fifty day moving average price is $127.25 and its 200 day moving average price is $138.03. The company has a market capitalization of $3.79 billion, a PE ratio of 15.45 and a beta of 0.91.

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

Insider Buying and Selling at Dorman Products

In other news, insider John Mcknight sold 2,000 shares of the stock in a transaction 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 in the company, valued at approximately $1,173,625.60. This represents a 18.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Donna M. Long sold 812 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $123.75, for a total transaction of $100,485.00. Following the transaction, the senior vice president directly owned 17,856 shares of the company’s stock, valued at $2,209,680. The trade was a 4.35% 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

Large investors have recently modified their holdings of the stock. 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 buying an additional 83 shares during the period. Salem Investment Counselors Inc. acquired a new position in Dorman Products during the third quarter worth $27,000. Salomon & Ludwin LLC bought a new position in shares of Dorman Products during the third quarter valued at $29,000. EverSource Wealth Advisors LLC boosted its stake in shares of Dorman Products by 594.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 202 shares in the last quarter. Finally, Richardson Financial Services Inc. boosted its stake in shares of Dorman Products by 134.6% in the 3rd quarter. Richardson Financial Services Inc. now owns 244 shares of the auto parts company’s stock valued at $38,000 after purchasing an additional 140 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors.

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.