Dorman Products (NASDAQ:DORM) Lowered to Hold Rating by Freedom Capital

Dorman Products (NASDAQ:DORM) was downgraded by Freedom Capital from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other analysts also recently issued reports on the company. Roth Capital reiterated a “buy” rating on shares of Dorman Products in a research note on Wednesday, August 5th. Weiss Ratings raised Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Barrington Research restated an “outperform” rating and issued a $150.00 target price on shares of Dorman Products in a report on Monday, May 4th. Zacks Research raised Dorman Products from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Wells Fargo & Company increased their price target on Dorman Products from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $160.33.

Dorman Products Trading Down 0.2%

Shares of NASDAQ:DORM opened at $133.05 on Monday. The stock has a market capitalization of $3.95 billion, a PE ratio of 18.43 and a beta of 0.98. Dorman Products has a 1 year low of $98.44 and a 1 year high of $166.89. The firm has a fifty day moving average price of $133.91 and a 200 day moving average price of $122.17. The company has a current ratio of 3.60, a quick ratio of 1.73 and a debt-to-equity ratio of 0.29.

Dorman Products (NASDAQ:DORM) last posted its earnings results on Monday, August 3rd. The auto parts company reported $3.08 EPS for the quarter, topping the consensus estimate of $1.89 by $1.19. Dorman Products had a net margin of 10.18% and a return on equity of 19.37%. The firm had revenue of $544.60 million for the quarter, compared to the consensus estimate of $582.24 million. During the same period in the prior year, the business posted $2.06 earnings per share. The business’s quarterly revenue was up .7% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. Analysts expect that Dorman Products will post 8.65 EPS for the current fiscal year.

Insider Transactions at Dorman Products

In other news, CAO Gregory C. Bowen sold 3,531 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $145.01, for a total value of $512,030.31. Following the sale, the chief accounting officer directly owned 5,340 shares of the company’s stock, valued at approximately $774,353.40. This trade represents a 39.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dorman Products

Large investors have recently made changes to their positions in the business. Coldstream Capital Management Inc. grew its holdings in shares of Dorman Products by 3.7% during the third quarter. Coldstream Capital Management Inc. now owns 2,696 shares of the auto parts company’s stock worth $420,000 after purchasing an additional 97 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Dorman Products by 2.6% in the second quarter. Corient Private Wealth LLC now owns 3,842 shares of the auto parts company’s stock valued at $471,000 after buying an additional 99 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of Dorman Products by 6.4% in the third quarter. Mackenzie Financial Corp now owns 1,740 shares of the auto parts company’s stock valued at $271,000 after buying an additional 105 shares during the last quarter. Keybank National Association OH raised its holdings in shares of Dorman Products by 1.5% in the first quarter. Keybank National Association OH now owns 7,101 shares of the auto parts company’s stock valued at $741,000 after buying an additional 106 shares during the last quarter. Finally, Huntington National Bank lifted its position in Dorman Products by 12.8% during the 4th quarter. Huntington National Bank now owns 981 shares of the auto parts company’s stock worth $121,000 after buying an additional 111 shares in the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

About Dorman Products

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.