Key Points
- SVP Donna Long sold 812 shares on Jan. 2 at $123.75 for $100,485, reducing her stake by 4.35% to 17,856 shares (about $2.21M); the sale was disclosed in an SEC filing.
- Dorman beat EPS last quarter ($2.62 vs. $2.31 est.) with revenue of $543.7M (slightly below expectations), reported 7.9% revenue growth YoY, and set FY2025 guidance of $8.60–$8.90 EPS.
- Analysts hold a consensus "Buy" rating with a $180.50 target; the company has a $3.83B market cap, a PE of 15.59, and institutional investors own about 84.7% of the stock.
Dorman Products, Inc. (NASDAQ:DORM - Get Free Report) SVP Donna Long sold 812 shares of Dorman Products 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 of the company's stock, valued at approximately $2,209,680. The trade was a 4.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Dorman Products Stock Performance
Dorman Products stock opened at $125.17 on Wednesday. The company has a market cap of $3.83 billion, a PE ratio of 15.59 and a beta of 0.91. The company has a current ratio of 2.94, a quick ratio of 1.19 and a debt-to-equity ratio of 0.28. Dorman Products, Inc. has a 1 year low of $106.95 and a 1 year high of $166.89. The company's 50-day moving average is $129.08 and its two-hundred day moving average is $138.10.
Dorman Products (NASDAQ:DORM - Get Free Report) last issued its quarterly earnings results on Monday, October 27th. The auto parts company reported $2.62 EPS for the quarter, topping the consensus estimate of $2.31 by $0.31. The company had revenue of $543.74 million during the quarter, compared to analysts' expectations of $548.60 million. Dorman Products had a net margin of 11.62% and a return on equity of 19.85%. Dorman Products's revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $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 earnings per share for the current year.
Analyst Upgrades and Downgrades
DORM has been the topic of several recent research reports. Zacks Research lowered Dorman Products from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 27th. Wall Street Zen lowered Dorman Products from a "strong-buy" rating to a "buy" rating in a research note on Sunday, October 26th. Stephens assumed coverage on Dorman Products in a research report on Tuesday, September 30th. They set an "overweight" rating and a $185.00 target price for the company. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Dorman Products in a research note on Monday, December 29th. Finally, BMO Capital Markets started coverage on shares of Dorman Products in a research report on Thursday, September 18th. They issued an "outperform" rating and a $180.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Dorman Products presently has a consensus rating of "Buy" and a consensus target price of $180.50.
View Our Latest Stock Analysis on DORM
Institutional Investors Weigh In On Dorman Products
A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Dorman Products by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 3,061,577 shares of the auto parts company's stock valued at $477,239,000 after purchasing an additional 9,811 shares during the period. Dimensional Fund Advisors LP increased its stake in Dorman Products by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,025,831 shares of the auto parts company's stock worth $159,894,000 after purchasing an additional 3,064 shares in the last quarter. Invesco Ltd. increased its stake in Dorman Products by 6.7% during the 2nd quarter. Invesco Ltd. now owns 812,031 shares of the auto parts company's stock worth $99,612,000 after purchasing an additional 51,257 shares in the last quarter. Jennison Associates LLC raised its holdings in Dorman Products by 24.3% during the 2nd quarter. Jennison Associates LLC now owns 744,400 shares of the auto parts company's stock worth $91,316,000 after buying an additional 145,758 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Dorman Products by 3.9% in the second quarter. Geode Capital Management LLC now owns 677,100 shares of the auto parts company's stock valued at $83,070,000 after buying an additional 25,286 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company's stock.
About Dorman Products
(
Get Free Report)
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.
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