Gregory Bowen Sells 3,531 Shares of Dorman Products (NASDAQ:DORM) Stock

Dorman Products, Inc. (NASDAQ:DORM) CAO Gregory Bowen sold 3,531 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $145.01, for a total value of $512,030.31. Following 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Dorman Products Stock Up 2.4%

Shares of Dorman Products stock opened at $140.91 on Friday. The stock has a 50 day moving average price of $133.55 and a two-hundred day moving average price of $122.10. The company has a quick ratio of 1.28, a current ratio of 3.60 and a debt-to-equity ratio of 0.29. Dorman Products, Inc. has a 12-month low of $98.44 and a 12-month high of $166.89. The stock has a market capitalization of $4.18 billion, a P/E ratio of 19.52 and a beta of 0.98.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Monday, August 3rd. The auto parts company reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $1.19. The company had revenue of $544.60 million during 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 business’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.06 earnings per share. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. Equities analysts expect that Dorman Products, Inc. will post 8.65 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on the company. Wells Fargo & Company lifted their price target on Dorman Products from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday. Roth Capital restated a “buy” rating on shares of Dorman Products in a research note on Wednesday. Zacks Research raised shares of Dorman Products from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Barrington Research reiterated an “outperform” rating and set a $150.00 target price on shares of Dorman Products in a research note on Monday, May 4th. Finally, Weiss Ratings raised shares of Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $160.33.

Institutional Trading of Dorman Products

A number of institutional investors and hedge funds have recently modified their holdings of DORM. AQR Capital Management LLC increased its holdings in Dorman Products by 37.4% in the 1st quarter. AQR Capital Management LLC now owns 4,220 shares of the auto parts company’s stock valued at $509,000 after buying an additional 1,148 shares during the period. Integrated Wealth Concepts LLC boosted its position in shares of Dorman Products by 14.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,755 shares of the auto parts company’s stock valued at $453,000 after acquiring an additional 468 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Dorman Products by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,381 shares of the auto parts company’s stock valued at $1,854,000 after acquiring an additional 662 shares during the period. Millennium Management LLC raised its position in Dorman Products by 74.6% in the first quarter. Millennium Management LLC now owns 33,021 shares of the auto parts company’s stock worth $3,980,000 after purchasing an additional 14,110 shares in the last quarter. Finally, United Services Automobile Association acquired a new position in Dorman Products in the first quarter worth about $215,000. 84.70% of the stock is currently owned by institutional investors.

Dorman Products Company Profile

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.