Donna Long Sells 812 Shares of Dorman Products (NASDAQ:DORM) Stock

Dorman Products, Inc. (NASDAQ:DORM) SVP Donna Long sold 812 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $2,209,680. This trade represents a 4.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Dorman Products Stock Down 0.2%

Shares of DORM stock traded down $0.29 on Tuesday, reaching $125.17. 155,251 shares of the company were exchanged, compared to its average volume of 165,217. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.94 and a quick ratio of 1.19. The company has a 50-day moving average of $129.35 and a 200-day moving average of $138.08. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 15.59 and a beta of 0.91. Dorman Products, Inc. has a one year low of $106.95 and a one year high of $166.89.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results on Monday, October 27th. The auto parts company reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.31. Dorman Products had a net margin of 11.62% and a return on equity of 19.85%. The business had revenue of $543.74 million during the quarter, compared to the consensus estimate of $548.60 million. During the same quarter last year, the firm posted $1.96 EPS. Dorman Products’s revenue was up 7.9% compared to the same quarter last year. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. Analysts anticipate that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Institutional Trading of Dorman Products

A number of institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Dorman Products during the 2nd quarter valued at about $40,449,000. Clark Capital Management Group Inc. boosted its position in shares of Dorman Products by 299.6% in the third quarter. Clark Capital Management Group Inc. now owns 316,961 shares of the auto parts company’s stock valued at $49,408,000 after acquiring an additional 237,639 shares during the period. Jennison Associates LLC grew its stake in Dorman Products by 24.3% during the second quarter. Jennison Associates LLC now owns 744,400 shares of the auto parts company’s stock valued at $91,316,000 after acquiring an additional 145,758 shares in the last quarter. Tributary Capital Management LLC increased its holdings in Dorman Products by 90.5% during the 3rd quarter. Tributary Capital Management LLC now owns 234,388 shares of the auto parts company’s stock worth $36,536,000 after acquiring an additional 111,380 shares during the period. Finally, Bessemer Group Inc. lifted its stake in Dorman Products by 24,717.5% in the 2nd quarter. Bessemer Group Inc. now owns 109,445 shares of the auto parts company’s stock worth $13,425,000 after purchasing an additional 109,004 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DORM. Stephens started coverage on shares of Dorman Products in a research report on Tuesday, September 30th. They issued an “overweight” rating and a $185.00 price target on the stock. Wall Street Zen downgraded Dorman Products from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 26th. BMO Capital Markets initiated coverage on Dorman Products in a report on Thursday, September 18th. They issued an “outperform” rating and a $180.00 target price on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Dorman Products in a report on Monday, December 29th. Finally, Zacks Research lowered Dorman Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Dorman Products presently has a consensus rating of “Buy” and an average target price of $180.50.

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.