Dorman Products (NASDAQ:DORM) Reaches New 12-Month Low on Insider Selling

Dorman Products, Inc. (NASDAQ:DORM) reached a new 52-week low during mid-day trading on Tuesday following insider selling activity. The stock traded as low as $100.97 and last traded at $101.6510, with a volume of 166827 shares changing hands. The stock had previously closed at $103.61.

Specifically, SVP Donna M. Long sold 947 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $103.07, for a total transaction of $97,607.29. Following the completion of the transaction, the senior vice president directly owned 20,073 shares of the company’s stock, valued at $2,068,924.11. The trade was a 4.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Barrington Research restated an “outperform” rating and issued a $150.00 price target on shares of Dorman Products in a research note on Thursday, March 5th. Wall Street Zen lowered Dorman Products from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Jefferies Financial Group upgraded Dorman Products from a “hold” rating to a “buy” rating and lowered their target price for the company from $159.00 to $140.00 in a research report on Monday, March 2nd. Zacks Research downgraded Dorman Products from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Finally, Wells Fargo & Company reduced their price target on Dorman Products from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. 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 given a Sell rating to the company. Based on data from MarketBeat.com, Dorman Products has a consensus rating of “Moderate Buy” and an average target price of $162.83.

Dorman Products Trading Down 1.9%

The firm has a 50 day moving average price of $122.61 and a two-hundred day moving average price of $134.22. The firm has a market capitalization of $3.07 billion, a P/E ratio of 15.31 and a beta of 0.92. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 3.09.

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

Hedge Funds Weigh In On Dorman Products

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its stake in Dorman Products by 37.4% during the 1st quarter. AQR Capital Management LLC now owns 4,220 shares of the auto parts company’s stock valued at $509,000 after purchasing an additional 1,148 shares during the period. Integrated Wealth Concepts LLC boosted its position in shares of Dorman Products by 14.2% in the first quarter. Integrated Wealth Concepts LLC now owns 3,755 shares of the auto parts company’s stock worth $453,000 after buying an additional 468 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Dorman Products by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,381 shares of the auto parts company’s stock valued at $1,854,000 after buying an additional 662 shares in the last quarter. Millennium Management LLC raised its position in Dorman Products by 74.6% during the first quarter. Millennium Management LLC now owns 33,021 shares of the auto parts company’s stock valued at $3,980,000 after buying an additional 14,110 shares during the period. Finally, United Services Automobile Association acquired a new position in Dorman Products during the first quarter valued at $215,000. 84.70% of the stock is currently owned by hedge funds and other 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.