Dorman Products (NASDAQ:DORM) Stock Rating Lowered by Zacks Research

Dorman Products (NASDAQ:DORM) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research firms also recently issued reports on DORM. Jefferies Financial Group upgraded Dorman Products from a “hold” rating to a “buy” rating and cut their price objective for the stock from $159.00 to $140.00 in a report on Monday. Wells Fargo & Company dropped their target price on shares of Dorman Products from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Weiss Ratings downgraded shares of Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, January 30th. Finally, Wall Street Zen cut shares of Dorman Products from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $165.40.

Dorman Products Price Performance

NASDAQ DORM opened at $116.16 on Tuesday. Dorman Products has a 1 year low of $106.95 and a 1 year high of $166.89. The business’s fifty day moving average is $125.60 and its two-hundred day moving average is $137.33. The stock has a market capitalization of $3.51 billion, a P/E ratio of 17.49 and a beta of 0.92. 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 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 for the quarter, compared to analysts’ expectations of $573.38 million. Dorman Products had a return on equity of 19.15% and a net margin of 9.59%.The company’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.20 EPS. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. On average, research analysts forecast that Dorman Products will post 6.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Donna M. Long sold 812 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were 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 in the company, valued at $2,209,680. The trade was a 4.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John Mcknight sold 2,000 shares of the company’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 completion of the transaction, the insider directly owned 9,112 shares in the company, valued at $1,173,625.60. This trade represents a 18.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 8.90% of the company’s stock.

Institutional Trading of Dorman Products

A number of institutional investors have recently bought and sold shares of DORM. Private Trust Co. NA increased its position in Dorman Products by 101.2% in 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. acquired a new stake in shares of Dorman Products during the 3rd quarter valued at about $27,000. Salomon & Ludwin LLC bought a new stake in shares of Dorman Products in the 3rd quarter valued at approximately $29,000. EverSource Wealth Advisors LLC grew 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 buying an additional 202 shares in the last quarter. Finally, Quent Capital LLC acquired a new position in Dorman Products in the third quarter worth approximately $38,000. Institutional investors and hedge funds 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.