Dorman Products, Inc. (NASDAQ:DORM) Receives $156.00 Consensus Target Price from Analysts

Shares of Dorman Products, Inc. (NASDAQ:DORM) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $156.00.

A number of research analysts have weighed in on DORM shares. Roth Capital reissued a “buy” rating on shares of Dorman Products in a research report on Wednesday, August 5th. Wells Fargo & Company raised 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. Freedom Capital downgraded Dorman Products from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Zacks Research raised Dorman Products from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Finally, Weiss Ratings raised Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th.

Insider Activity

In other news, CAO Gregory Bowen sold 3,531 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $145.01, for a total value of $512,030.31. Following the sale, the chief accounting officer owned 5,340 shares in the company, valued at approximately $774,353.40. This trade represents a 39.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 7.70% of the company’s stock.

Institutional Trading of Dorman Products

A number of hedge funds have recently bought and sold shares of DORM. Allworth Financial LP bought a new position in shares of Dorman Products during the 2nd quarter worth about $25,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Dorman Products in the second quarter valued at about $26,000. EverSource Wealth Advisors LLC lifted its stake in shares of Dorman Products by 594.1% in the second quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock valued at $29,000 after buying an additional 202 shares during the period. Miller Capital Partners Inc. acquired a new stake in Dorman Products during the fourth quarter worth about $37,000. Finally, Sankala Group LLC acquired a new stake in Dorman Products during the fourth quarter worth about $47,000. 84.70% of the stock is owned by institutional investors.

Dorman Products Stock Up 0.0%

Shares of Dorman Products stock opened at $126.66 on Friday. The stock has a market capitalization of $3.76 billion, a P/E ratio of 17.54 and a beta of 0.99. The company has a quick ratio of 1.73, a current ratio of 3.60 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average price of $134.36 and a two-hundred day moving average price of $122.64. Dorman Products has a 12-month low of $98.44 and a 12-month high of $165.43.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Monday, August 3rd. The auto parts company reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $1.19. The company had revenue of $544.60 million for the quarter, compared to analyst estimates 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 quarter last year, the firm posted $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 will post 8.65 earnings per share for the current year.

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.