Dorman Products (NASDAQ:DORM) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Dorman Products shares crossed above their 200-day moving average, reaching $124.37 and last trading at $123.71, though still below the 50-day average of $130.89.
• Analysts maintain a generally positive outlook: five rate the stock Buy and three Hold, producing a “Moderate Buy” consensus and an average price target of $150.
• The company beat quarterly EPS estimates ($3.08 versus $1.89) but missed revenue expectations, while an executive sold 3,531 shares and institutional investors own 84.7% of the stock.

Dorman Products, Inc. (NASDAQ:DORM - Get Free Report) crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $123.28 and traded as high as $124.37. Dorman Products shares last traded at $123.71, with a volume of 183,150 shares trading hands.

Analyst Ratings Changes

DORM has been the topic of a number of recent research reports. Roth Capital reaffirmed a "buy" rating on shares of Dorman Products in a research note on Wednesday, August 5th. Freedom Capital lowered Dorman Products from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 10th. Wells Fargo & Company increased their target price on Dorman Products from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Finally, Weiss Ratings lowered Dorman Products from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, September 16th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $150.00.

Dorman Products Trading Down 0.2%

The company has a debt-to-equity ratio of 0.29, a current ratio of 3.60 and a quick ratio of 1.73. The firm's 50 day moving average price is $130.89 and its 200 day moving average price is $123.28. The stock has a market capitalization of $3.67 billion, a P/E ratio of 17.13 and a beta of 0.99.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted its earnings results on Monday, August 3rd. The auto parts company reported $3.08 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $582.24 million. During the same period last year, the firm earned $2.06 earnings per share. Dorman Products's quarterly revenue was up .7% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. As a group, equities research analysts expect that Dorman Products, Inc. will post 8.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Gregory Bowen sold 3,531 shares of Dorman Products stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $145.01, for a total value of $512,030.31. Following 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.70% of the company's stock.

Institutional Trading of Dorman Products

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DORM. BlackRock Inc. bought a new stake in shares of Dorman Products during the 2nd quarter valued at about $556,542,000. Dimensional Fund Advisors LP lifted its holdings in Dorman Products by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,099,352 shares of the auto parts company's stock worth $114,725,000 after buying an additional 51,653 shares during the period. Reinhart Partners LLC. purchased a new stake in Dorman Products in the second quarter worth about $93,386,000. Geode Capital Management LLC boosted its position in shares of Dorman Products by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 713,255 shares of the auto parts company's stock valued at $87,880,000 after purchasing an additional 26,229 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of Dorman Products by 1.5% during the 1st quarter. Jennison Associates LLC now owns 826,285 shares of the auto parts company's stock valued at $86,231,000 after buying an additional 12,504 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company's stock.

Dorman Products Company Profile

Dorman Products, Inc is an automotive parts supplier that designs, manufactures, packages and distributes replacement components for the automotive aftermarket. The company serves vehicle owners, professional repair shops and distributors with parts intended to restore or improve the performance of cars, trucks and other vehicles.

Its product portfolio includes components for vehicle chassis, suspension, steering, brakes, drivetrain, powertrain, electrical systems, heating and air conditioning, body hardware and engine systems.

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