Dorman Products (NASDAQ:DORM) Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of Dorman Products (NASDAQ:DORM) from a hold rating to a strong sell rating in a report published on Tuesday morning,Zacks.com reports.

DORM has been the topic of a number of other reports. Wall Street Zen lowered Dorman Products from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Jefferies Financial Group raised Dorman Products from a “hold” rating to a “buy” rating and lowered their target price for the company from $159.00 to $140.00 in a report on Monday. Wells Fargo & Company dropped their price target on Dorman Products from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Finally, Weiss Ratings cut 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, five have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Dorman Products has a consensus rating of “Moderate Buy” and an average target price of $162.83.

Dorman Products Price Performance

Shares of Dorman Products stock opened at $112.12 on Tuesday. The firm has a fifty day simple moving average of $125.33 and a 200-day simple moving average of $137.16. The company has a current ratio of 3.09, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27. Dorman Products has a 1-year low of $106.95 and a 1-year high of $166.89. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 16.89 and a beta of 0.92.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Wednesday, February 25th. The auto parts company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.15 by $0.02. The firm had revenue of $537.93 million for the quarter, compared to the consensus estimate of $573.38 million. Dorman Products had a net margin of 9.59% and a return on equity of 19.15%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the firm posted $2.20 EPS. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. On average, sell-side analysts expect that Dorman Products will post 6.9 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider John Mcknight sold 2,000 shares of Dorman Products 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 in the company, valued at approximately $1,173,625.60. The trade was a 18.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Donna M. Long sold 812 shares of the 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 completion of the transaction, the senior vice president directly owned 17,856 shares of the company’s stock, valued at $2,209,680. This trade represents a 4.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 8.90% of the stock is owned by insiders.

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, Miller Capital Partners Inc. acquired a new stake in shares of Dorman Products in the 4th quarter valued at $37,000. 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.