Freedom Capital lowered shares of Dorman Products (NASDAQ:DORM – Free Report) from a strong-buy rating to a hold rating in a research report sent to investors on Monday,Zacks.com reports.
A number of other research analysts also recently weighed in on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Dorman Products in a research report on Monday, May 4th. Weiss Ratings raised shares of Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Wells Fargo & Company increased their price objective on shares of Dorman Products from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Zacks Research upgraded Dorman Products from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Dorman Products in a research report on Wednesday, August 5th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $160.33.
View Our Latest Analysis on DORM
Dorman Products Trading Down 0.2%
Dorman Products (NASDAQ:DORM – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The auto parts company reported $3.08 earnings per share 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 company had revenue of $544.60 million during the quarter, compared to analysts’ expectations of $582.24 million. During the same period last year, the business earned $2.06 EPS. 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. As a group, analysts expect that Dorman Products will post 8.65 EPS for the current fiscal year.
Insider Buying and Selling at Dorman Products
In related news, CAO Gregory C. Bowen sold 3,531 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $145.01, for a total transaction of $512,030.31. Following the transaction, the chief accounting officer directly owned 5,340 shares in the company, valued at approximately $774,353.40. The trade was a 39.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.70% of the company’s stock.
Institutional Trading of Dorman Products
A number of large investors have recently added to or reduced their stakes in DORM. BlackRock Inc. acquired a new position in shares of Dorman Products during the 2nd quarter worth about $556,542,000. Dimensional Fund Advisors LP lifted its stake in Dorman Products by 4.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,099,352 shares of the auto parts company’s stock valued at $114,725,000 after purchasing an additional 51,653 shares during the last quarter. State Street Corp lifted its stake in Dorman Products by 0.7% in the 4th quarter. State Street Corp now owns 1,061,708 shares of the auto parts company’s stock valued at $130,792,000 after purchasing an additional 7,846 shares during the last quarter. Jennison Associates LLC grew its holdings in Dorman Products by 1.5% during the first quarter. Jennison Associates LLC now owns 826,285 shares of the auto parts company’s stock worth $86,231,000 after purchasing an additional 12,504 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Dorman Products by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 713,255 shares of the auto parts company’s stock worth $87,880,000 after purchasing an additional 26,229 shares during the period. 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.
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