Key Points
- John Mcknight sold 2,000 Dorman shares on Dec. 12 at $128.80 for $257,600, reducing his position by 18% to 9,112 shares, according to the SEC filing.
- Dorman beat quarterly EPS estimates ($2.62 vs. $2.31) and set FY2025 guidance of 8.60–8.90 EPS, though revenue slightly missed; the stock trades below its 50‑ and 200‑day averages and carries a consensus Buy rating with a $180.50 target.
Dorman Products, Inc. (NASDAQ:DORM - Get Free Report) insider John Mcknight sold 2,000 shares of the firm's stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $128.80, for a total value of $257,600.00. Following the sale, the insider owned 9,112 shares in the company, valued at $1,173,625.60. The trade was a 18.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Dorman Products Trading Down 0.1%
Shares of DORM stock opened at $127.92 on Tuesday. 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 firm has a market cap of $3.91 billion, a P/E ratio of 15.93 and a beta of 0.88. The business has a 50-day moving average price of $135.48 and a two-hundred day moving average price of $138.13. Dorman Products, Inc. has a 12-month low of $106.95 and a 12-month high of $166.89.
Dorman Products (NASDAQ:DORM - Get Free Report) last announced its quarterly earnings data on Monday, October 27th. The auto parts company reported $2.62 earnings per share for the quarter, beating analysts' consensus estimates of $2.31 by $0.31. The company had revenue of $543.74 million for the quarter, compared to analysts' expectations of $548.60 million. Dorman Products had a return on equity of 19.85% and a net margin of 11.62%.Dorman Products's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period last year, the firm posted $1.96 EPS. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. Equities analysts anticipate that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Hillsdale Investment Management Inc. boosted its holdings in Dorman Products by 34.8% in the second quarter. Hillsdale Investment Management Inc. now owns 44,960 shares of the auto parts company's stock worth $5,515,000 after acquiring an additional 11,600 shares in the last quarter. Capital Fund Management S.A. purchased a new position in shares of Dorman Products in the 2nd quarter worth about $1,423,000. Strs Ohio bought a new position in Dorman Products in the 1st quarter worth about $1,013,000. Equitable Trust Co. grew its position in Dorman Products by 60.1% during the 2nd quarter. Equitable Trust Co. now owns 7,390 shares of the auto parts company's stock valued at $907,000 after purchasing an additional 2,773 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in Dorman Products during the 2nd quarter valued at about $321,000. Institutional investors own 84.70% of the company's stock.
Analyst Upgrades and Downgrades
DORM has been the topic of several recent research reports. Wells Fargo & Company began coverage on shares of Dorman Products in a report on Friday, August 22nd. They set an "overweight" rating and a $175.00 target price on the stock. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Dorman Products in a research note on Monday, December 8th. Zacks Research lowered Dorman Products from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 27th. Stephens began coverage on Dorman Products in a research report on Tuesday, September 30th. They set an "overweight" rating and a $185.00 price target on the stock. Finally, Wall Street Zen cut Dorman Products from a "strong-buy" rating to a "buy" rating in a research note on Sunday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $180.50.
Get Our Latest Stock Analysis on Dorman Products
Dorman Products Company Profile
(
Get Free Report)
Dorman Products, Inc supplies replacement and upgrade parts for passenger cars, light trucks, medium- and heavy-duty trucks, utility terrain vehicles, and all-terrain vehicles in the motor vehicle aftermarket industry in the United States and internationally. It offers engine products, including intake and exhaust manifolds, fans, thermostat housings, and throttle bodies; undercar products comprising fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, other engine, and transmission and axle components; steering and suspension products consist of control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, and leaf springs, as well as other suspension, steering, and brake components; body products, such as door handles and hinges, window lift motors, window regulators, switches and handles, wiper components, lighting, electrical, and other interior and exterior vehicle body components, including windshields for UTVs; electronics products comprise new and remanufactured modules, clusters and sensors; and hardware products, such as threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
