Dorman Products (NASDAQ:DORM) Downgraded to “Strong Sell” Rating by Zacks Research

Dorman Products (NASDAQ:DORM) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.

Other research analysts also recently issued reports about the company. Jefferies Financial Group raised Dorman Products from a “hold” rating to a “buy” rating and cut their price objective for the company from $159.00 to $140.00 in a research note on Monday. Wells Fargo & Company dropped their price target on shares of Dorman Products from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Weiss Ratings cut shares of Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, January 30th. Finally, Wall Street Zen lowered shares of Dorman Products from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $165.40.

Dorman Products Stock Down 0.1%

DORM stock opened at $116.16 on Tuesday. The firm has a market cap of $3.51 billion, a PE ratio of 17.49 and a beta of 0.92. Dorman Products has a 1 year low of $106.95 and a 1 year high of $166.89. The company has a fifty day simple moving average of $125.60 and a 200 day simple moving average of $137.33. The company has a current ratio of 3.09, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Wednesday, February 25th. The auto parts company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.15 by $0.02. Dorman Products had a net margin of 9.59% and a return on equity of 19.15%. The firm had revenue of $537.93 million for the quarter, compared to the consensus estimate of $573.38 million. During the same period in the prior year, the business posted $2.20 earnings per share. The business’s quarterly revenue was up .8% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. Sell-side analysts anticipate that Dorman Products will post 6.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Donna M. Long sold 812 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $123.75, for a total transaction of $100,485.00. Following the completion of the transaction, the senior vice president owned 17,856 shares of the company’s stock, valued at approximately $2,209,680. This represents a 4.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Mcknight sold 2,000 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $128.80, for a total transaction of $257,600.00. Following the completion of the sale, the insider owned 9,112 shares of the company’s stock, valued at approximately $1,173,625.60. The trade was a 18.00% decrease in their position. The disclosure for this sale is available in the SEC filing. 8.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dorman Products

Several large investors have recently added to or reduced their stakes in DORM. TD Private Client Wealth LLC lifted its position in shares of Dorman Products by 5.9% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,457 shares of the auto parts company’s stock worth $227,000 after acquiring an additional 81 shares during the period. Private Trust Co. NA raised its stake in shares of Dorman Products by 101.2% in 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. Nisa Investment Advisors LLC lifted its position in Dorman Products by 0.9% in the third quarter. Nisa Investment Advisors LLC now owns 9,539 shares of the auto parts company’s stock worth $1,487,000 after purchasing an additional 86 shares during the period. GAMMA Investing LLC lifted its position in Dorman Products by 11.6% in the fourth quarter. GAMMA Investing LLC now owns 827 shares of the auto parts company’s stock worth $102,000 after purchasing an additional 86 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in Dorman Products by 26.7% during the third quarter. Jones Financial Companies Lllp now owns 417 shares of the auto parts company’s stock worth $65,000 after buying an additional 88 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

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.