Dorman Products (NASDAQ:DORM) CAO Gregory Bowen Sells 3,531 Shares of Stock

Dorman Products, Inc. (NASDAQ:DORM) CAO Gregory Bowen sold 3,531 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $145.01, for a total transaction of $512,030.31. Following the completion of the sale, the chief accounting officer owned 5,340 shares of the company’s stock, valued at approximately $774,353.40. This trade represents a 39.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Dorman Products Stock Up 2.4%

Shares of NASDAQ:DORM opened at $140.91 on Friday. Dorman Products, Inc. has a 1-year low of $98.44 and a 1-year high of $166.89. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.60 and a quick ratio of 1.28. The stock has a market cap of $4.18 billion, a P/E ratio of 19.52 and a beta of 0.98. The firm has a fifty day moving average price of $133.55 and a 200 day moving average price of $122.10.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Monday, August 3rd. The auto parts company reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $1.19. Dorman Products had a net margin of 10.18% and a return on equity of 19.37%. The company had revenue of $544.60 million for the quarter, compared to analyst estimates of $582.24 million. During the same period in the previous year, the business posted $2.06 earnings per share. Dorman Products’s quarterly revenue was up .7% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. Sell-side analysts predict that Dorman Products, Inc. will post 8.65 EPS for the current year.

Hedge Funds Weigh In On Dorman Products

Several hedge funds and other institutional investors have recently bought and sold shares of DORM. EverSource Wealth Advisors LLC increased its position in shares of Dorman Products by 594.1% in the second 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. Miller Capital Partners Inc. purchased a new stake in shares of Dorman Products in the 4th quarter worth about $37,000. Sankala Group LLC purchased a new stake in shares of Dorman Products in the 4th quarter worth about $47,000. Kestra Advisory Services LLC acquired a new stake in Dorman Products in the 4th quarter valued at about $48,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in Dorman Products in the 4th quarter valued at about $60,000. 84.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Roth Capital restated a “buy” rating on shares of Dorman Products in a research note on Wednesday. Zacks Research raised shares of Dorman Products from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Barrington Research restated an “outperform” rating and set a $150.00 price objective on shares of Dorman Products in a research report on Monday, May 4th. Wells Fargo & Company raised their target price on shares of Dorman Products from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Weiss Ratings raised Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $160.33.

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.