Freedom Capital Downgrades Dorman Products (NASDAQ:DORM) to Hold

Dorman Products (NASDAQ:DORM) was downgraded by Freedom Capital from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other brokerages have also recently commented on DORM. Wells Fargo & Company increased their target price on shares of Dorman Products from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Barrington Research restated an “outperform” rating and set a $150.00 price target on shares of Dorman Products in a research report on Monday, May 4th. Zacks Research raised shares of Dorman Products from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Weiss Ratings upgraded shares of Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Finally, Roth Capital reissued a “buy” rating on shares of Dorman Products in a research note on Wednesday, August 5th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Dorman Products presently has a consensus rating of “Moderate Buy” and an average target price of $160.33.

Dorman Products Stock Down 0.2%

Shares of DORM opened at $133.05 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.73 and a current ratio of 3.60. Dorman Products has a one year low of $98.44 and a one year high of $166.89. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 18.43 and a beta of 0.98. The stock has a 50 day moving average price of $133.91 and a 200 day moving average price of $122.17.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data 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. Dorman Products had a return on equity of 19.37% and a net margin of 10.18%.The company had revenue of $544.60 million for the quarter, compared to analyst estimates of $582.24 million. During the same quarter last year, the firm posted $2.06 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. Equities research analysts forecast that Dorman Products will post 8.65 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Gregory C. Bowen sold 3,531 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $145.01, for a total transaction of $512,030.31. Following the transaction, the chief accounting officer owned 5,340 shares of the company’s stock, valued at approximately $774,353.40. The trade was a 39.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 7.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Allworth Financial LP purchased a new stake in Dorman Products in the second quarter valued at $25,000. EverSource Wealth Advisors LLC lifted its stake in shares of Dorman Products by 594.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 202 shares during the last quarter. Miller Capital Partners Inc. purchased a new position in shares of Dorman Products during the 4th quarter worth $37,000. Kestra Advisory Services LLC purchased a new position in shares of Dorman Products during the 4th quarter worth $48,000. Finally, Sankala Group LLC purchased a new position in shares of Dorman Products during the 4th quarter worth $47,000. 84.70% of the stock is currently 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.