Gregory Bowen Sells 3,531 Shares of Dorman Products (NASDAQ:DORM) Stock

Dorman Products, Inc. (NASDAQ:DORM) CAO Gregory Bowen sold 3,531 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $145.01, for a total transaction of $512,030.31. Following the completion of the sale, the chief accounting officer owned 5,340 shares of the company’s stock, valued at approximately $774,353.40. This trade represents a 39.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Dorman Products Trading Up 2.3%

NASDAQ DORM traded up $3.21 on Friday, hitting $140.79. 191,655 shares of the stock were exchanged, compared to its average volume of 272,900. The company’s 50-day moving average price is $133.21 and its two-hundred day moving average price is $121.96. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.60 and a quick ratio of 1.28. Dorman Products, Inc. has a 52-week low of $98.44 and a 52-week high of $166.89. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 19.50 and a beta of 0.98.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Monday, August 3rd. The auto parts company reported $3.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $1.19. The business had revenue of $544.60 million for the quarter, compared to the consensus estimate of $582.24 million. Dorman Products had a return on equity of 19.37% and a net margin of 10.18%.Dorman Products’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.06 earnings per share. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. Research analysts predict that Dorman Products, Inc. will post 8.48 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DORM. Congruence Capital LLC acquired a new stake in Dorman Products in the 4th quarter worth approximately $1,998,000. First Eagle Investment Management LLC bought a new stake in Dorman Products in the 4th quarter valued at $9,035,000. KTF Investments LLC acquired a new stake in Dorman Products during the fourth quarter worth about $13,681,000. UBS Group AG increased its position in shares of Dorman Products by 90.1% during the fourth quarter. UBS Group AG now owns 95,609 shares of the auto parts company’s stock valued at $11,778,000 after purchasing an additional 45,314 shares during the period. Finally, Norges Bank acquired a new position in shares of Dorman Products in the 4th quarter valued at $41,488,000. Institutional investors own 84.70% of the company’s stock.

Wall Street Analyst Weigh In

DORM has been the subject of several research reports. Wells Fargo & Company raised their price target on shares of Dorman Products from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday. Weiss Ratings upgraded shares of Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Barrington Research reiterated an “outperform” rating and issued a $150.00 target price on shares of Dorman Products in a research report on Monday, May 4th. Roth Capital reissued a “buy” rating on shares of Dorman Products in a research note on Wednesday. Finally, Zacks Research raised shares of Dorman Products from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $160.33.

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.