Dorman Products (NASDAQ:DORM) Given New $140.00 Price Target at Wells Fargo & Company

Dorman Products (NASDAQ:DORM) had its price target decreased by Wells Fargo & Company from $150.00 to $140.00 in a research note released on Friday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the auto parts company’s stock.

Other equities research analysts have also recently issued reports about the company. Wall Street Zen cut Dorman Products from a “buy” rating to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings downgraded shares of Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $171.75.

Dorman Products Stock Up 1.1%

DORM stock traded up $1.31 during trading on Friday, reaching $117.86. The stock had a trading volume of 431,898 shares, compared to its average volume of 202,912. The company has a quick ratio of 1.19, a current ratio of 2.94 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 17.75 and a beta of 0.92. Dorman Products has a one year low of $106.95 and a one year high of $166.89. The company’s 50 day moving average is $126.17 and its two-hundred day moving average is $138.23.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Wednesday, February 25th. The auto parts company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.02. The firm had revenue of $537.93 million for the quarter, compared to the consensus estimate of $573.38 million. Dorman Products had a return on equity of 19.39% and a net margin of 9.59%.The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.20 EPS. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. Equities research analysts forecast that Dorman Products will post 6.9 EPS for the current year.

Insider Activity

In other news, SVP Donna M. Long sold 812 shares of Dorman Products stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $123.75, for a total value of $100,485.00. Following the completion of the transaction, the senior vice president owned 17,856 shares in the company, valued at $2,209,680. This trade represents a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Mcknight sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $128.80, for a total transaction of $257,600.00. Following the sale, the insider owned 9,112 shares in the company, valued at $1,173,625.60. The trade was a 18.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 8.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dorman Products

A number of large investors have recently made changes to their positions in the stock. Hillsdale Investment Management Inc. grew its position in Dorman Products by 34.8% during the second quarter. Hillsdale Investment Management Inc. now owns 44,960 shares of the auto parts company’s stock valued at $5,515,000 after acquiring an additional 11,600 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Dorman Products by 15.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 190,530 shares of the auto parts company’s stock valued at $29,700,000 after purchasing an additional 25,710 shares in the last quarter. Capital Fund Management S.A. purchased a new stake in shares of Dorman Products in the 2nd quarter valued at $1,423,000. Tributary Capital Management LLC grew its holdings in shares of Dorman Products by 90.5% during the 3rd quarter. Tributary Capital Management LLC now owns 234,388 shares of the auto parts company’s stock valued at $36,536,000 after purchasing an additional 111,380 shares during the last quarter. Finally, First National Bank of Omaha purchased a new position in Dorman Products in the 3rd quarter worth $5,099,000. 84.70% of the stock is owned by institutional investors.

About Dorman Products

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.