Dorman Products, Inc. (NASDAQ:DORM - Get Free Report) SVP Donna Long sold 947 shares of Dorman Products stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $103.07, for a total transaction of $97,607.29. Following the completion of the transaction, the senior vice president directly owned 20,073 shares in the company, valued at approximately $2,068,924.11. The trade was a 4.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Dorman Products Trading Up 0.8%
NASDAQ:DORM opened at $103.61 on Tuesday. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 15.60 and a beta of 0.92. Dorman Products, Inc. has a 52 week low of $101.03 and a 52 week high of $166.89. The company has a quick ratio of 1.14, a current ratio of 3.09 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average of $122.61 and a 200 day moving average of $134.22.
Dorman Products (NASDAQ:DORM - Get Free Report) last released its quarterly 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 business had revenue of $537.93 million for the quarter, compared to analyst estimates of $573.38 million. Dorman Products had a net margin of 9.59% and a return on equity of 19.15%. The business's revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the company earned $2.20 earnings per share. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. As a group, sell-side analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Corient Private Wealth LLC boosted its position in Dorman Products by 7.2% in the 4th quarter. Corient Private Wealth LLC now owns 4,503 shares of the auto parts company's stock worth $557,000 after purchasing an additional 301 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Dorman Products by 954.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 527 shares of the auto parts company's stock valued at $65,000 after purchasing an additional 477 shares in the last quarter. Sankala Group LLC purchased a new position in shares of Dorman Products during the 4th quarter valued at approximately $47,000. NewEdge Advisors LLC lifted its stake in shares of Dorman Products by 2,481.0% in the 4th quarter. NewEdge Advisors LLC now owns 2,710 shares of the auto parts company's stock valued at $334,000 after purchasing an additional 2,605 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Dorman Products in the 4th quarter valued at $1,081,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
DORM has been the topic of several recent analyst reports. Weiss Ratings lowered Dorman Products from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, January 30th. Jefferies Financial Group raised Dorman Products from a "hold" rating to a "buy" rating and lowered their price target for the stock from $159.00 to $140.00 in a report on Monday, March 2nd. Wells Fargo & Company dropped their price target on Dorman Products from $150.00 to $140.00 and set an "overweight" rating on the stock in a research note on Friday, February 27th. Barrington Research restated an "outperform" rating and set a $150.00 price objective on shares of Dorman Products in a report on Thursday, March 5th. Finally, Zacks Research lowered shares of Dorman Products from a "hold" rating to a "strong sell" rating in a research report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $162.83.
Read Our Latest Research Report on Dorman Products
Dorman Products Company Profile
(
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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