Dorman Products (NASDAQ:DORM) Shares Break Above 200-Day Moving Average – Here’s What Happened
by Kim Johansen · The Markets DailyDorman Products, Inc. (NASDAQ:DORM – Get Free Report)’s share price crossed 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.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on DORM shares. Weiss Ratings upgraded Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Roth Capital restated a “buy” rating on shares of Dorman Products in a research note on Wednesday, August 5th. Freedom Capital downgraded Dorman Products from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Finally, Wells Fargo & Company upped their price target on shares of Dorman Products from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Dorman Products has a consensus rating of “Moderate Buy” and a consensus target price of $150.00.
View Our Latest Stock Report on DORM
Dorman Products Trading Down 1.0%
The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 16.68 and a beta of 1.02. The business’s 50 day moving average price is $128.77 and its 200-day moving average price is $124.45. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.73 and a current ratio of 3.60.
Dorman Products (NASDAQ:DORM – Get Free Report) last released its quarterly 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 during the quarter, compared to analysts’ expectations of $582.24 million. During the same quarter in the prior year, the business posted $2.06 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year. 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 EPS for the current year.
Insider Activity
In related news, CAO Gregory Bowen sold 3,531 shares of Dorman Products 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 owned 5,340 shares of the company’s stock, valued at approximately $774,353.40. This trade represents a 39.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 7.70% of the stock is owned by company insiders.
Institutional Trading of Dorman Products
Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its position in Dorman Products by 32.9% during the third quarter. GAMMA Investing LLC now owns 857 shares of the auto parts company’s stock worth $105,000 after buying an additional 212 shares in the last quarter. Versant Capital Management Inc lifted its position in Dorman Products by 301.5% during the 3rd quarter. Versant Capital Management Inc now owns 542 shares of the auto parts company’s stock worth $66,000 after buying an additional 407 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of Dorman Products by 9.5% during the second quarter. QRG Capital Management Inc. now owns 2,500 shares of the auto parts company’s stock valued at $341,000 after purchasing an additional 217 shares during the last quarter. Tidal Investments LLC raised its holdings in Dorman Products by 63.8% during the 2nd quarter. Tidal Investments LLC now owns 6,595 shares of the auto parts company’s stock worth $900,000 after purchasing an additional 2,568 shares during the last quarter. Finally, Nykredit A S acquired a new position in Dorman Products in the second quarter valued at about $127,000. Institutional investors own 84.70% of the company’s stock.
About Dorman Products
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.