Dorman Products (NASDAQ:DORM) CAO Gregory C. Bowen Sells 1,453 Shares

Key Points

• Dorman Products' CAO Gregory Bowen sold 1,453 shares for a total of $236,562.93, decreasing his ownership by 23.77%, leaving him with 4,659 shares.
• The company reported earnings of $2.06 per share for the last quarter, exceeding analyst expectations and marking a 7.6% increase in revenue year-over-year.
• Analysts have a favorable outlook on Dorman Products, with an average rating of "Buy" and a price target of $170.00 for the stock.

Dorman Products, Inc. (NASDAQ:DORM - Get Free Report) CAO Gregory C. Bowen sold 1,453 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $162.81, for a total value of $236,562.93. Following the completion of the transaction, the chief accounting officer directly owned 4,659 shares of the company's stock, valued at $758,531.79. The trade was a 23.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Dorman Products Price Performance

NASDAQ:DORM traded down $2.56 during trading hours on Friday, reaching $156.44. 291,350 shares of the company traded hands, compared to its average volume of 158,069. The firm's 50-day moving average is $145.13 and its 200-day moving average is $130.43. The stock has a market cap of $4.78 billion, a P/E ratio of 21.28 and a beta of 0.82. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.74 and a quick ratio of 1.21. Dorman Products, Inc. has a 1-year low of $106.95 and a 1-year high of $166.89.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its earnings results on Monday, August 4th. The auto parts company reported $2.06 EPS for the quarter, beating analysts' consensus estimates of $1.76 by $0.30. The firm had revenue of $540.96 million for the quarter, compared to analysts' expectations of $517.13 million. Dorman Products had a return on equity of 19.23% and a net margin of 10.83%.Dorman Products's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.67 EPS. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. Equities research analysts expect that Dorman Products, Inc. will post 6.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DORM has been the topic of a number of analyst reports. Roth Capital increased their target price on Dorman Products to $182.00 and gave the company a "buy" rating in a report on Tuesday, August 26th. Wells Fargo & Company began coverage on Dorman Products in a report on Friday, August 22nd. They issued an "overweight" rating and a $175.00 target price on the stock. BMO Capital Markets began coverage on Dorman Products in a report on Thursday. They issued an "outperform" rating and a $180.00 target price on the stock. Zacks Research upgraded Dorman Products from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. Finally, Wall Street Zen cut Dorman Products from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $172.50.

Hedge Funds Weigh In On Dorman Products

Institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its position in shares of Dorman Products by 594.1% during the second quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company's stock worth $29,000 after buying an additional 202 shares during the period. Caitong International Asset Management Co. Ltd boosted its position in shares of Dorman Products by 961.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 329 shares of the auto parts company's stock worth $40,000 after buying an additional 298 shares during the period. USA Financial Formulas boosted its position in shares of Dorman Products by 127.6% during the first quarter. USA Financial Formulas now owns 387 shares of the auto parts company's stock worth $47,000 after buying an additional 217 shares during the period. Newbridge Financial Services Group Inc. boosted its position in shares of Dorman Products by 30.5% during the second quarter. Newbridge Financial Services Group Inc. now owns 428 shares of the auto parts company's stock worth $53,000 after buying an additional 100 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Dorman Products by 42.5% during the first quarter. Blue Trust Inc. now owns 503 shares of the auto parts company's stock worth $61,000 after buying an additional 150 shares during the period. 84.70% of the stock is owned by institutional investors.

Dorman Products Company Profile

Dorman Products, Inc supplies replacement and upgrade parts for passenger cars, light trucks, medium- and heavy-duty trucks, utility terrain vehicles, and all-terrain vehicles in the motor vehicle aftermarket industry in the United States and internationally. It offers engine products, including intake and exhaust manifolds, fans, thermostat housings, and throttle bodies; undercar products comprising fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, other engine, and transmission and axle components; steering and suspension products consist of control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, and leaf springs, as well as other suspension, steering, and brake components; body products, such as door handles and hinges, window lift motors, window regulators, switches and handles, wiper components, lighting, electrical, and other interior and exterior vehicle body components, including windshields for UTVs; electronics products comprise new and remanufactured modules, clusters and sensors; and hardware products, such as threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise.