Dorman Products (NASDAQ:DORM) Shares Down 7.4% – What’s Next?

Shares of Dorman Products, Inc. (NASDAQ:DORM) dropped 7.4% on Wednesday . The company traded as low as $116.13 and last traded at $116.9950. Approximately 212,999 shares were traded during mid-day trading, an increase of 21% from the average daily volume of 176,533 shares. The stock had previously closed at $126.40.

Analyst Upgrades and Downgrades

Several research analysts have commented on DORM shares. Weiss Ratings downgraded Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, January 30th. Wells Fargo & Company lowered 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. Finally, Wall Street Zen lowered Dorman Products from a “buy” rating to a “hold” rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $171.75.

Dorman Products Stock Up 1.1%

The company has a debt-to-equity ratio of 0.28, a current ratio of 2.94 and a quick ratio of 1.19. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 17.75 and a beta of 0.92. The firm has a 50-day moving average price of $126.17 and a two-hundred day moving average price of $138.23.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Wednesday, February 25th. The auto parts company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.02. Dorman Products had a net margin of 9.59% and a return on equity of 19.39%. During the same quarter in the previous year, the company posted $2.20 earnings per share. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. As a group, sell-side analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Insider Activity at Dorman Products

In related news, SVP Donna M. Long sold 812 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $123.75, for a total value 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 approximately $2,209,680. This trade represents a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Mcknight sold 2,000 shares of the business’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $128.80, for a total transaction of $257,600.00. Following the transaction, the insider owned 9,112 shares in the company, valued at approximately $1,173,625.60. The trade was a 18.00% 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 insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. AQR Capital Management LLC lifted its stake in Dorman Products by 37.4% in the 1st quarter. AQR Capital Management LLC now owns 4,220 shares of the auto parts company’s stock valued at $509,000 after purchasing an additional 1,148 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in Dorman Products by 14.2% in the first quarter. Integrated Wealth Concepts LLC now owns 3,755 shares of the auto parts company’s stock valued at $453,000 after buying an additional 468 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Dorman Products by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,381 shares of the auto parts company’s stock valued at $1,854,000 after buying an additional 662 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Dorman Products by 74.6% during the 1st quarter. Millennium Management LLC now owns 33,021 shares of the auto parts company’s stock worth $3,980,000 after acquiring an additional 14,110 shares during the period. Finally, United Services Automobile Association acquired a new position in shares of Dorman Products during the 1st quarter worth approximately $215,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

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.