Dorman Products (NASDAQ:DORM) Trading Down 6% – Time to Sell?

Dorman Products, Inc. (NASDAQ:DORM)’s stock price dropped 6% during trading on Monday . The company traded as low as $126.60 and last traded at $125.1690. 295,108 shares traded hands during trading, an increase of 15% from the average daily volume of 256,464 shares. The stock had previously closed at $133.16.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on DORM shares. Wells Fargo & Company boosted their price objective on shares of Dorman Products from $140.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Weiss Ratings raised Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Zacks Research upgraded Dorman Products from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $150.00 price target on shares of Dorman Products in a report on Monday, May 4th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Dorman Products presently has a consensus rating of “Moderate Buy” and an average target price of $159.50.

Dorman Products Price Performance

The firm has a 50-day simple moving average of $132.61 and a 200-day simple moving average of $121.79. The firm has a market capitalization of $4.41 billion, a PE ratio of 23.82 and a beta of 0.98. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.29 and a quick ratio of 1.28.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Monday, August 3rd. The auto parts company reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $1.19. Dorman Products had a net margin of 10.18% and a return on equity of 19.50%. The firm had revenue of $544.60 million during the quarter, compared to the consensus estimate of $582.24 million. During the same quarter in the previous year, the firm posted $2.06 EPS. The company’s revenue for the quarter was up .7% compared to the same quarter last year. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. As a group, equities analysts forecast that Dorman Products, Inc. will post 8.22 earnings per share for the current year.

Hedge Funds Weigh In On Dorman Products

Several hedge funds have recently modified their holdings of DORM. Dimensional Fund Advisors LP grew its holdings in Dorman Products by 4.9% during 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 buying an additional 51,653 shares in the last quarter. State Street Corp boosted its holdings in shares of 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 worth $130,792,000 after purchasing an additional 7,846 shares during the period. Jennison Associates LLC raised its holdings in Dorman Products by 1.5% during the 1st quarter. Jennison Associates LLC now owns 826,285 shares of the auto parts company’s stock valued at $86,231,000 after buying an additional 12,504 shares during the period. Geode Capital Management LLC increased its position 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 valued at $87,880,000 after acquiring an additional 26,229 shares during the last quarter. Finally, Reinhart Partners LLC. purchased a new position in shares of Dorman Products during the 2nd quarter worth about $93,386,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Dorman Products Company Profile

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.