Dorman Products (NASDAQ:DORM) Lowered to Hold Rating by Freedom Capital

Key Points

• Freedom Capital downgraded Dorman Products from “strong buy” to “hold,” though the broader analyst consensus remains “Moderate Buy” with an average price target of $160.33.
• Dorman reported quarterly EPS of $3.08, beating estimates of $1.89, while revenue of $544.6 million fell short of the $582.24 million consensus estimate; full-year guidance is $8.50–$8.80 EPS.
• The stock opened at $133.05 and was down 0.2%, with institutional investors owning 84.7% of shares. A company chief accounting officer also sold 3,531 shares for approximately $512,000.

Dorman Products (NASDAQ:DORM - Get Free Report) was downgraded by investment analysts at Freedom Capital from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

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

Dorman Products Trading Down 0.2%

Dorman Products stock opened at $133.05 on Monday. The company has a 50 day moving average price of $133.91 and a 200 day moving average price of $122.17. Dorman Products has a 52 week low of $98.44 and a 52 week high of $166.89. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.73 and a current ratio of 3.60. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 18.43 and a beta of 0.98.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The auto parts company reported $3.08 earnings per share for the quarter, topping the consensus estimate of $1.89 by $1.19. The firm had revenue of $544.60 million for the quarter, compared to analysts' expectations of $582.24 million. Dorman Products had a net margin of 10.18% and a return on equity of 19.37%. The company's quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.06 EPS. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. Research analysts forecast that Dorman Products will post 8.65 EPS for the current year.

Insider Activity

In related news, CAO Gregory C. Bowen sold 3,531 shares of the stock in a transaction on Wednesday, August 5th. The stock was 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 directly owned 5,340 shares in the company, valued at approximately $774,353.40. This trade represents a 39.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.70% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Allworth Financial LP purchased a new stake in shares of Dorman Products during the 2nd quarter worth about $25,000. Aurora Investment Counsel bought a new stake in shares of Dorman Products in the 2nd quarter valued at approximately $3,161,000. Csenge Advisory Group bought a new stake in shares of Dorman Products in the 2nd quarter valued at approximately $2,201,000. NewEdge Wealth LLC acquired a new position in Dorman Products in the second quarter worth approximately $212,000. Finally, Summit Creek Advisors LLC acquired a new position in Dorman Products in the second quarter worth approximately $4,576,000. 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.

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