Dorman Products (NASDAQ:DORM) Stock Price Down 7.4% – Should You Sell?

Dorman Products, Inc. (NASDAQ:DORM)’s stock price fell 7.4% during trading on Wednesday . The company traded as low as $116.13 and last traded at $116.9950. 212,999 shares were traded during trading, an increase of 21% from the average session volume of 176,533 shares. The stock had previously closed at $126.40.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Weiss Ratings lowered Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, January 30th. Wall Street Zen cut Dorman Products from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $180.50.

Dorman Products Price Performance

The firm has a market cap of $3.50 billion, a P/E ratio of 14.26 and a beta of 0.92. The firm’s fifty day simple moving average is $126.78 and its 200 day simple moving average is $138.72. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.19 and a current ratio of 2.94.

Dorman Products (NASDAQ:DORM) last issued its earnings results on Wednesday, February 25th. The auto parts company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.02. Dorman Products had a return on equity of 19.85% and a net margin of 11.62%.Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. As a group, analysts forecast that Dorman Products, Inc. will post 6.9 earnings per share for the current year.

Insider Activity at Dorman Products

In other news, SVP Donna M. Long sold 812 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $123.75, for a total transaction 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 represents a 4.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Mcknight sold 2,000 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $128.80, for a total transaction of $257,600.00. Following the completion of the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 8.90% of the stock is owned by corporate insiders.

Institutional Trading of Dorman Products

Several hedge funds have recently made changes to their positions in the business. Westfield Capital Management Co. LP bought a new stake in shares of Dorman Products in the 4th quarter valued at approximately $56,940,000. Victory Capital Management Inc. raised its holdings in Dorman Products by 4,111.8% during the 4th quarter. Victory Capital Management Inc. now owns 366,087 shares of the auto parts company’s stock valued at $45,098,000 after buying an additional 357,395 shares during the period. Norges Bank purchased a new stake in Dorman Products during the 4th quarter valued at $41,488,000. Clark Capital Management Group Inc. lifted its position in 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 worth $49,408,000 after buying an additional 237,639 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in Dorman Products by 22.1% during the fourth quarter. Jennison Associates LLC now owns 813,781 shares of the auto parts company’s stock worth $100,250,000 after buying an additional 147,233 shares during the period. 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.