Dorman Products (NASDAQ:DORM) Reaches New 1-Year Low Following Insider Selling

Dorman Products, Inc. (NASDAQ:DORM) shares reached a new 52-week low during trading on Tuesday following insider selling activity. The stock traded as low as $100.97 and last traded at $101.6510, with a volume of 166827 shares trading hands. The stock had previously closed at $103.61.

Specifically, SVP Donna M. Long sold 947 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $103.07, for a total value of $97,607.29. Following the transaction, the senior vice president owned 20,073 shares in the company, valued at approximately $2,068,924.11. This represents a 4.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Ratings Changes

A number of research firms have issued reports on DORM. Jefferies Financial Group upgraded shares of Dorman Products from a “hold” rating to a “buy” rating and cut their target price for the stock from $159.00 to $140.00 in a research report on Monday, March 2nd. Barrington Research reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Dorman Products in a research note on Thursday, March 5th. Zacks Research lowered Dorman Products from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. Weiss Ratings cut Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, January 30th. Finally, Wells Fargo & Company lowered their target price on Dorman Products from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.83.

Dorman Products Stock Down 2.2%

The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 15.26 and a beta of 0.92. The business’s 50-day moving average is $122.14 and its 200-day moving average is $133.80. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 3.09.

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

Institutional Investors Weigh In On Dorman Products

A number of large investors have recently bought and sold shares of DORM. Hillsdale Investment Management Inc. grew its holdings in shares of Dorman Products by 34.8% during the second quarter. Hillsdale Investment Management Inc. now owns 44,960 shares of the auto parts company’s stock worth $5,515,000 after purchasing an additional 11,600 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Dorman Products by 15.6% in the third quarter. Envestnet Asset Management Inc. now owns 190,530 shares of the auto parts company’s stock valued at $29,700,000 after buying an additional 25,710 shares during the last quarter. First National Bank of Omaha bought a new position in shares of Dorman Products in the third quarter valued at about $5,099,000. Capital Fund Management S.A. acquired a new position in Dorman Products during the 2nd quarter worth about $1,423,000. Finally, Tributary Capital Management LLC grew its holdings in Dorman Products by 90.5% during the 3rd quarter. Tributary Capital Management LLC now owns 234,388 shares of the auto parts company’s stock worth $36,536,000 after acquiring an additional 111,380 shares during 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.