Dorman Products (NASDAQ:DORM) Stock Price Down 4.2% - What's Next?

Key Points

• Dorman Products shares fell by 4.2%, trading at $150.49, with significantly reduced trading volume at 51,744 shares, down 75% from average.
• Analysts have a positive outlook on Dorman Products, with a consensus rating of "Buy" and average price target of $175.00, following coverage from multiple firms.
• The company reported a 7.6% year-over-year increase in revenue, posting $540.96 million for the last quarter, alongside an EPS of $2.06, surpassing estimates.

Dorman Products, Inc. (NASDAQ:DORM - Get Free Report) shares traded down 4.2% during trading on Monday . The company traded as low as $150.28 and last traded at $150.49. 51,744 shares were traded during mid-day trading, a decline of 75% from the average session volume of 209,731 shares. The stock had previously closed at $157.15.

Analyst Ratings Changes

A number of analysts recently commented on the stock. BMO Capital Markets assumed coverage on shares of Dorman Products in a research report on Thursday, September 18th. They issued an "outperform" rating and a $180.00 price objective for the company. Stephens initiated coverage on shares of Dorman Products in a report on Tuesday, September 30th. They issued an "overweight" rating and a $185.00 price target on the stock. Zacks Research upgraded shares of Dorman Products from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. Wells Fargo & Company initiated coverage on shares of Dorman Products in a report on Friday, August 22nd. They set an "overweight" rating and a $175.00 price objective on the stock. Finally, Wall Street Zen downgraded shares of Dorman Products from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $175.00.

Dorman Products Stock Performance

The company has a 50-day simple moving average of $151.78 and a two-hundred day simple moving average of $132.43. The firm has a market capitalization of $4.51 billion, a P/E ratio of 20.08 and a beta of 0.84. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.21 and a current ratio of 2.74.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its earnings results on Monday, August 4th. The auto parts company reported $2.06 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.30. The business had revenue of $540.96 million during the quarter, compared to the consensus estimate of $517.13 million. Dorman Products had a net margin of 10.83% and a return on equity of 19.23%. The firm's revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.67 EPS. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. As a group, equities analysts forecast that Dorman Products, Inc. will post 6.9 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Gregory C. Bowen sold 1,453 shares of the firm's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $162.81, for a total transaction of $236,562.93. Following the completion of the transaction, the chief accounting officer owned 4,659 shares of the company's stock, valued at $758,531.79. This trade represents a 23.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Donna M. Long sold 820 shares of Dorman Products stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $122.21, for a total transaction of $100,212.20. Following the completion of the sale, the senior vice president owned 19,074 shares in the company, valued at approximately $2,331,033.54. This trade represents a 4.12% decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.90% of the company's stock.

Institutional Trading of Dorman Products

A number of institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its position in Dorman Products by 3.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,469 shares of the auto parts company's stock valued at $298,000 after purchasing an additional 90 shares during the last quarter. Xponance Inc. boosted its position in shares of Dorman Products by 4.8% in the first quarter. Xponance Inc. now owns 1,966 shares of the auto parts company's stock worth $237,000 after acquiring an additional 90 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of Dorman Products by 0.4% in the second quarter. New York State Teachers Retirement System now owns 24,835 shares of the auto parts company's stock worth $3,047,000 after acquiring an additional 94 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of Dorman Products by 2.6% during the second quarter. Corient Private Wealth LLC now owns 3,842 shares of the auto parts company's stock worth $471,000 after purchasing an additional 99 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. grew 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 in the last quarter. 84.70% of the stock is owned by hedge funds and other 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.

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