Dorman Products, Inc. (NASDAQ:DORM - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $124.31 and traded as high as $125.67. Dorman Products shares last traded at $122.87, with a volume of 314,862 shares traded.
Wall Street Analyst Weigh In
Several research firms recently issued reports on DORM. Weiss Ratings cut shares of Dorman Products from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, September 16th. Wells Fargo & Company lifted their price target on shares of Dorman Products from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Roth Capital restated a "buy" rating on shares of Dorman Products in a report on Wednesday, August 5th. Finally, Freedom Capital cut Dorman Products from a "strong-buy" rating to a "hold" rating in a report on Monday, August 10th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Dorman Products currently has a consensus rating of "Moderate Buy" and an average target price of $150.00.
Check Out Our Latest Research Report on DORM
Dorman Products Price Performance
The company's fifty day moving average is $129.00 and its two-hundred day moving average is $124.31. 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 cap of $3.65 billion, a price-to-earnings ratio of 17.02 and a beta of 1.02.
Dorman Products (NASDAQ:DORM - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The auto parts company reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $1.19. The firm had revenue of $544.60 million during 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%.The firm's quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.06 EPS. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. Equities research analysts forecast that Dorman Products, Inc. will post 8.65 EPS for the current year.
Insider Buying and Selling at Dorman Products
In other news, CAO Gregory Bowen sold 3,531 shares of the company's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $145.01, for a total value of $512,030.31. Following the completion of the transaction, the chief accounting officer directly owned 5,340 shares in the company, valued at approximately $774,353.40. This represents a 39.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.70% of the company's stock.
Hedge Funds Weigh In On Dorman Products
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Dorman Products during the 2nd quarter worth approximately $556,542,000. Reinhart Partners LLC. bought a new stake in shares of Dorman Products in the second quarter worth $93,386,000. Bank of America Corp DE acquired a new stake in Dorman Products in the second quarter valued at $57,222,000. American Capital Management Inc. bought a new position in Dorman Products during the 2nd quarter valued at $38,785,000. Finally, Bank of New York Mellon Corp bought a new position in Dorman Products during the 2nd quarter valued at $22,598,000. 84.70% of the stock is owned by hedge funds and other institutional investors.
About Dorman Products
(
Get Free Report)
Dorman Products, Inc NASDAQ: DORM is a supplier of replacement parts and products for the automotive aftermarket. The company develops, packages and distributes components designed to help repair and maintain passenger cars, light trucks and other vehicles, offering alternatives to original-equipment parts.
Its product portfolio includes underhood and undercar components, chassis and suspension parts, electrical components, heating and cooling products, drivetrain parts, body hardware, automotive lighting and repair hardware.
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