Dorman Products (NASDAQ:DORM) Issues Earnings Results

Dorman Products (NASDAQ:DORM) released its quarterly earnings results on Monday. The auto parts company reported $3.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $1.19, FiscalAI reports. The firm had revenue of $544.60 million for the quarter, compared to the consensus estimate of $582.32 million. Dorman Products had a return on equity of 17.73% and a net margin of 8.84%. Dorman Products updated its FY 2026 guidance to 8.500-8.800 EPS.

Dorman Products Stock Down 4.1%

DORM traded down $5.48 on Monday, hitting $127.68. 780,186 shares of the company were exchanged, compared to its average volume of 259,887. The stock’s fifty day moving average is $131.87 and its 200-day moving average is $121.63. Dorman Products has a 12 month low of $98.44 and a 12 month high of $166.89. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.28 and a current ratio of 3.29. The company has a market cap of $3.82 billion, a PE ratio of 20.59 and a beta of 0.98.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DORM shares. Wells Fargo & Company increased their price objective on Dorman Products from $140.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Zacks Research raised 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 issued a $150.00 price objective on shares of Dorman Products in a report on Monday, May 4th. Finally, Weiss Ratings upgraded shares of Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $159.50.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its holdings in shares of Dorman Products by 0.7% in the 4th quarter. State Street Corp now owns 1,061,708 shares of the auto parts company’s stock valued at $130,792,000 after buying an additional 7,846 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Dorman Products by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,047,699 shares of the auto parts company’s stock worth $129,072,000 after acquiring an additional 21,868 shares in the last quarter. Wellington Management Group LLP raised its position in Dorman Products by 8.8% during the fourth quarter. Wellington Management Group LLP now owns 507,662 shares of the auto parts company’s stock worth $62,539,000 after acquiring an additional 40,928 shares in the last quarter. Bank of America Corp DE lifted its stake in Dorman Products by 10.8% in the second quarter. Bank of America Corp DE now owns 447,274 shares of the auto parts company’s stock valued at $54,867,000 after acquiring an additional 43,458 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Dorman Products by 29.8% in the second quarter. Ameriprise Financial Inc. now owns 398,549 shares of the auto parts company’s stock valued at $48,890,000 after acquiring an additional 91,549 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

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.