Zacks Research Downgrades Dorman Products (NASDAQ:DORM) to Strong Sell

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

Several other equities analysts also recently commented on DORM. Weiss Ratings downgraded Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, January 30th. Jefferies Financial Group upgraded shares of Dorman Products from a “hold” rating to a “buy” rating and decreased their price objective for the company from $159.00 to $140.00 in a report on Monday. Wall Street Zen downgraded shares of Dorman Products from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Wells Fargo & Company lowered their price target on Dorman Products from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, February 27th. One research 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 assigned a Sell rating to the company. According to MarketBeat.com, Dorman Products has a consensus rating of “Moderate Buy” and an average price target of $162.83.

Dorman Products Trading Down 4.3%

Shares of Dorman Products stock traded down $4.98 during trading on Tuesday, hitting $111.18. The stock had a trading volume of 233,311 shares, compared to its average volume of 214,260. Dorman Products has a 12 month low of $106.95 and a 12 month high of $166.89. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.09 and a quick ratio of 1.14. The firm’s fifty day simple moving average is $125.60 and its 200-day simple moving average is $137.33. The stock has a market cap of $3.36 billion, a PE ratio of 16.74 and a beta of 0.92.

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

Insiders Place Their Bets

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

Institutional Trading of Dorman Products

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hillsdale Investment Management Inc. raised its stake in Dorman Products by 34.8% during the second quarter. Hillsdale Investment Management Inc. now owns 44,960 shares of the auto parts company’s stock worth $5,515,000 after purchasing an additional 11,600 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Dorman Products by 15.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 190,530 shares of the auto parts company’s stock valued at $29,700,000 after purchasing an additional 25,710 shares during the last quarter. First National Bank of Omaha acquired a new stake in shares of Dorman Products during the 3rd quarter worth about $5,099,000. Capital Fund Management S.A. purchased a new stake in Dorman Products in the 2nd quarter valued at about $1,423,000. Finally, Tributary Capital Management LLC lifted its position in Dorman Products by 90.5% in the third quarter. Tributary Capital Management LLC now owns 234,388 shares of the auto parts company’s stock valued at $36,536,000 after buying an additional 111,380 shares during the last quarter. 84.70% of the stock is owned by institutional investors and hedge funds.

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.