Dorman Products (NASDAQ:DORM) Sets New 12-Month Low – Time to Sell?

Dorman Products, Inc. (NASDAQ:DORM)’s share price hit a new 52-week low on Monday . The stock traded as low as $104.00 and last traded at $104.65, with a volume of 33338 shares. The stock had previously closed at $109.33.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Jefferies Financial Group upgraded Dorman Products from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $159.00 to $140.00 in a research report on Monday, March 2nd. Wells Fargo & Company reduced their price target on Dorman Products from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Zacks Research cut shares of Dorman Products from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Barrington Research reissued an “outperform” rating and issued a $150.00 price objective on shares of Dorman Products in a report on Thursday. Finally, Weiss Ratings cut shares of Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Dorman Products presently has a consensus rating of “Moderate Buy” and an average price target of $162.83.

Dorman Products Price Performance

The company has a fifty day moving average of $124.98 and a 200-day moving average of $136.61. The company has a current ratio of 3.09, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27. The stock has a market cap of $3.21 billion, a PE ratio of 15.99 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 EPS for the quarter, beating the consensus estimate of $2.15 by $0.02. The business had revenue of $537.93 million during 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 business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.20 earnings per share. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. Sell-side analysts expect that Dorman Products, Inc. will post 6.9 EPS for the current fiscal year.

Insider Buying and Selling at Dorman Products

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

Hedge Funds Weigh In On Dorman Products

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Dorman Products by 0.3% in the third quarter. Vanguard Group Inc. now owns 3,061,577 shares of the auto parts company’s stock valued at $477,239,000 after acquiring an additional 9,811 shares in the last quarter. State Street Corp raised 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 valued at $130,792,000 after purchasing an additional 7,846 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Dorman Products by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,047,699 shares of the auto parts company’s stock worth $129,072,000 after purchasing an additional 21,868 shares during the last quarter. Jennison Associates LLC grew its stake in shares of 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 purchasing an additional 147,233 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Dorman Products by 6.7% in the second quarter. Invesco Ltd. now owns 812,031 shares of the auto parts company’s stock valued at $99,612,000 after buying an additional 51,257 shares in 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.