Dorman Products (NASDAQ:DORM) Stock Rating Lowered by Wall Street Zen

Dorman Products (NASDAQ:DORM) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Sunday.

Several other equities research analysts have also recently weighed in on DORM. BMO Capital Markets initiated coverage on Dorman Products in a research report on Thursday, September 18th. They set an “outperform” rating and a $180.00 price target on the stock. Stephens assumed 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. Weiss Ratings upgraded shares of Dorman Products from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Wells Fargo & Company assumed coverage on shares of Dorman Products in a research report on Friday, August 22nd. They issued an “overweight” rating and a $175.00 price objective on the stock. Finally, Zacks Research upgraded shares of Dorman Products from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $175.00.

Dorman Products Trading Down 2.7%

Shares of DORM opened at $153.75 on Friday. The business’s 50-day moving average price is $154.77 and its 200-day moving average price is $135.31. Dorman Products has a twelve month low of $106.95 and a twelve month high of $166.89. The stock has a market cap of $4.69 billion, a PE ratio of 20.92 and a beta of 0.84. The company has a quick ratio of 1.21, a current ratio of 2.74 and a debt-to-equity ratio of 0.31.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings results on Monday, October 27th. The auto parts company reported $2.62 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.31. Dorman Products had a return on equity of 19.23% and a net margin of 10.83%.The firm had revenue of $543.74 million for the quarter, compared to analysts’ expectations of $548.60 million. During the same period in the prior year, the business posted $1.96 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. On average, equities analysts forecast that Dorman Products will post 6.9 EPS for the current fiscal year.

Insider Buying and Selling

In other Dorman Products news, CAO Gregory C. Bowen sold 1,453 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $162.81, for a total transaction of $236,562.93. Following the transaction, the chief accounting officer directly owned 4,659 shares in the company, valued at $758,531.79. This trade represents a 23.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. grew its position in Dorman Products by 2.3% during the first quarter. Principal Financial Group Inc. now owns 141,288 shares of the auto parts company’s stock valued at $17,031,000 after acquiring an additional 3,206 shares during the last quarter. GAMMA Investing LLC grew its position in Dorman Products by 40.8% during the first quarter. GAMMA Investing LLC now owns 945 shares of the auto parts company’s stock valued at $114,000 after acquiring an additional 274 shares during the last quarter. New York State Teachers Retirement System grew its position in Dorman Products by 0.4% during the first quarter. New York State Teachers Retirement System now owns 24,741 shares of the auto parts company’s stock valued at $2,982,000 after acquiring an additional 100 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Dorman Products by 134.3% during the first quarter. Robeco Institutional Asset Management B.V. now owns 35,671 shares of the auto parts company’s stock valued at $4,300,000 after acquiring an additional 20,448 shares during the last quarter. Finally, KBC Group NV grew its position in Dorman Products by 16.1% during the first quarter. KBC Group NV now owns 1,226 shares of the auto parts company’s stock valued at $148,000 after acquiring an additional 170 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors.

Dorman Products Company Profile

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.