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 Dorman Products stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $145.01, for a total transaction of $512,030.31. Following the sale, the chief accounting officer owned 5,340 shares in the company, valued at $774,353.40. This represents a 39.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Dorman Products Stock Performance

DORM traded up $3.21 during trading on Friday, hitting $140.79. 191,655 shares of the stock were exchanged, compared to its average volume of 272,900. The stock has a fifty day moving average price of $133.21 and a two-hundred day moving average price of $121.96. The firm has a market capitalization of $4.21 billion, a P/E ratio of 19.50 and a beta of 0.98. Dorman Products, Inc. has a 1-year low of $98.44 and a 1-year high of $166.89. The company has a quick ratio of 1.28, a current ratio of 3.60 and a debt-to-equity ratio of 0.29.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Monday, August 3rd. The auto parts company reported $3.08 EPS for the quarter, beating the consensus estimate of $1.89 by $1.19. The firm had revenue of $544.60 million during the quarter, compared to the consensus estimate of $582.24 million. Dorman Products had a net margin of 10.18% and a return on equity of 19.37%. Dorman Products’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.06 EPS. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. As a group, sell-side analysts predict that Dorman Products, Inc. will post 8.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Dorman Products

Several hedge funds have recently modified their holdings of DORM. Congruence Capital LLC bought a new stake in shares of Dorman Products during the 4th quarter worth $1,998,000. First Eagle Investment Management LLC acquired a new stake in shares of Dorman Products during the fourth quarter worth $9,035,000. KTF Investments LLC purchased a new stake in shares of Dorman Products during the fourth quarter valued at $13,681,000. UBS Group AG boosted its position in shares of Dorman Products by 90.1% in the 4th quarter. UBS Group AG now owns 95,609 shares of the auto parts company’s stock valued at $11,778,000 after purchasing an additional 45,314 shares during the period. Finally, Norges Bank purchased a new position in Dorman Products in the 4th quarter worth about $41,488,000. 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.