Dorman Products (NASDAQ:DORM) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of Dorman Products, Inc. (NASDAQ:DORM) crossed above its 200-day moving average during trading on Monday. The stock has a 200-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 traded.

Analyst Ratings Changes

Several brokerages recently weighed in on DORM. Freedom Capital lowered Dorman Products from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Wells Fargo & Company upped their price target on Dorman Products from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Roth Capital restated a “buy” rating on shares of Dorman Products in a research note on Wednesday, August 5th. Finally, Weiss Ratings downgraded shares of Dorman Products from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, September 16th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Dorman Products presently has a consensus rating of “Moderate Buy” and an average price target of $150.00.

Dorman Products Price Performance

The company has a market cap of $3.61 billion, a P/E ratio of 16.86 and a beta of 0.99. 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 company has a fifty day simple moving average of $130.62 and a 200-day simple moving average of $123.41.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Monday, August 3rd. The auto parts company reported $3.08 earnings per share for the quarter, topping the consensus estimate of $1.89 by $1.19. The firm had revenue of $544.60 million for 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 company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.06 EPS. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. On average, sell-side analysts predict that Dorman Products, Inc. will post 8.65 earnings per share for the current year.

Insider Transactions at Dorman Products

In related news, CAO Gregory Bowen sold 3,531 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $145.01, for a total transaction of $512,030.31. Following the transaction, the chief accounting officer directly owned 5,340 shares in the company, valued at $774,353.40. The trade was a 39.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 7.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dorman Products

A number of hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new position in Dorman Products in the second quarter valued at about $556,542,000. Reinhart Partners LLC. acquired a new position in Dorman Products in the 2nd quarter worth $93,386,000. Westfield Capital Management Co. LP bought a new position in shares of Dorman Products during the fourth quarter worth about $56,940,000. Bank of America Corp DE bought a new position in shares of Dorman Products during the 2nd quarter worth approximately $57,222,000. Finally, Norges Bank acquired a new position in shares of Dorman Products during the 4th quarter worth about $41,488,000. Institutional investors and hedge funds 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.