Dorman Products (NASDAQ:DORM) Stock Rating Lowered by Wall Street Zen

Dorman Products (NASDAQ:DORM) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Other equities analysts have also issued reports about the stock. Weiss Ratings lowered shares of Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, January 30th. Wells Fargo & Company cut their price target on Dorman Products from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.75.

Dorman Products Price Performance

DORM opened at $117.86 on Friday. The company has a current ratio of 3.09, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27. The business’s fifty day simple moving average is $126.17 and its 200-day simple moving average is $138.02. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 17.75 and a beta of 0.92. Dorman Products has a 12-month low of $106.95 and a 12-month high of $166.89.

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 the consensus estimate of $2.15 by $0.02. The company had revenue of $537.93 million for the quarter, compared to analysts’ expectations of $573.38 million. Dorman Products had a net margin of 9.59% and a return on equity of 19.15%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business earned $2.20 EPS. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. On average, equities research analysts anticipate that Dorman Products will post 6.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Donna M. Long sold 812 shares of the stock in a transaction on 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 sale, the senior vice president owned 17,856 shares in the company, valued at approximately $2,209,680. This represents a 4.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Mcknight sold 2,000 shares of the firm’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $128.80, for a total value of $257,600.00. Following the completion of the sale, the insider directly owned 9,112 shares of the company’s stock, valued at $1,173,625.60. The trade was a 18.00% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 8.90% of the company’s stock.

Hedge Funds Weigh In On Dorman Products

Several hedge funds have recently modified their holdings of the stock. Hillsdale Investment Management Inc. lifted its stake 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 buying an additional 11,600 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Dorman Products by 15.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 190,530 shares of the auto parts company’s stock valued at $29,700,000 after acquiring an additional 25,710 shares during the period. Capital Fund Management S.A. purchased a new position in Dorman Products in the 2nd quarter worth $1,423,000. Tributary Capital Management LLC lifted its position 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 period. Finally, First National Bank of Omaha acquired a new stake in Dorman Products during the 3rd quarter worth about $5,099,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

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.