Dorman Products (NASDAQ:DORM) Shares Down 7.4% – Here’s Why

Shares of Dorman Products, Inc. (NASDAQ:DORM) were down 7.4% on Wednesday . The stock traded as low as $116.13 and last traded at $116.9950. Approximately 212,999 shares changed hands 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

A number of analysts have recently commented on the stock. Weiss Ratings lowered shares of Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, January 30th. Wall Street Zen downgraded shares of Dorman Products from a “buy” rating to a “hold” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Dorman Products has a consensus rating of “Moderate Buy” and a consensus target price of $180.50.

Dorman Products Stock Performance

The business’s fifty day moving average is $126.78 and its 200-day moving average is $138.72. The company has a quick ratio of 1.19, a current ratio of 2.94 and a debt-to-equity ratio of 0.28. The company has a market cap of $3.50 billion, a PE ratio of 14.26 and a beta of 0.92.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Wednesday, February 25th. The auto parts company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.02. Dorman Products had a net margin of 11.62% and a return on equity of 19.85%. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. As a group, research analysts predict that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other Dorman Products news, SVP Donna M. Long sold 812 shares of the company’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $123.75, for a total value of $100,485.00. Following the completion of the sale, the senior vice president owned 17,856 shares in the company, valued at $2,209,680. This represents a 4.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider John Mcknight sold 2,000 shares of the firm’s stock in a transaction dated 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 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 position. Additional details regarding this sale are available in the official SEC disclosure. 8.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dorman Products

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Trust Co. NA lifted its holdings in Dorman Products by 101.2% during the third quarter. Private Trust Co. NA now owns 165 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 83 shares in the last quarter. Salem Investment Counselors Inc. bought a new stake in shares of Dorman Products during the 3rd quarter valued at $27,000. Salomon & Ludwin LLC purchased a new position in shares of Dorman Products during the 3rd quarter valued at $29,000. EverSource Wealth Advisors LLC lifted its stake in shares of Dorman Products by 594.1% during 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 bought a new position in Dorman Products in the 3rd quarter worth $38,000. 84.70% of the stock is owned by hedge funds and other institutional investors.

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.