Dorman Products (NASDAQ:DORM) SVP Donna Long Sells 947 Shares

Dorman Products, Inc. (NASDAQ:DORM) SVP Donna Long sold 947 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $103.07, for a total value of $97,607.29. Following the completion of the transaction, the senior vice president owned 20,073 shares of the company’s stock, valued at approximately $2,068,924.11. This represents a 4.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Dorman Products Stock Up 0.8%

Shares of DORM traded up $0.80 during mid-day trading on Monday, reaching $103.61. 173,114 shares of the stock traded hands, compared to its average volume of 224,819. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 15.60 and a beta of 0.92. The stock has a fifty day simple moving average of $123.05 and a 200 day simple moving average of $134.63. Dorman Products, Inc. has a 12-month low of $101.03 and a 12-month 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.

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on DORM. Wall Street Zen lowered shares of Dorman Products from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Zacks Research lowered Dorman Products from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Wells Fargo & Company cut 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 reissued an “outperform” rating and issued a $150.00 price target on shares of Dorman Products in a report on Thursday, March 5th. Finally, Weiss Ratings lowered Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, January 30th. One investment 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $162.83.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DORM. Private Trust Co. NA grew its holdings in Dorman Products by 101.2% during the 3rd quarter. Private Trust Co. NA now owns 165 shares of the auto parts company’s stock worth $26,000 after acquiring an additional 83 shares in the last quarter. Salem Investment Counselors Inc. acquired a new stake in shares of Dorman Products in the 3rd quarter valued at about $27,000. Salomon & Ludwin LLC acquired a new stake in shares of Dorman Products in the 3rd quarter valued at about $29,000. EverSource Wealth Advisors LLC lifted its position in shares of Dorman Products by 594.1% during the second quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 202 shares during the last quarter. Finally, Miller Capital Partners Inc. bought a new position in shares of Dorman Products during the fourth quarter worth about $37,000. 84.70% of the stock is currently owned by institutional investors.

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.