Dorman Products, Inc. (NASDAQ:DORM) Receives Average Rating of “Moderate Buy” from Analysts

Dorman Products, Inc. (NASDAQ:DORM) has been assigned an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $160.3333.

Several research analysts recently weighed in on the company. Wells Fargo & Company lifted 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 report on Wednesday, August 5th. Barrington Research reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Dorman Products in a research note on Monday, May 4th. Zacks Research raised shares of Dorman Products from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Finally, Weiss Ratings raised shares of Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th.

Insider Buying and Selling

In related news, CAO Gregory C. 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 transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 7.70% of the company’s stock.

Institutional Investors Weigh In On Dorman Products

Hedge funds have recently modified their holdings of the company. Coldstream Capital Management Inc. boosted its stake in shares of Dorman Products by 3.7% in the third quarter. Coldstream Capital Management Inc. now owns 2,696 shares of the auto parts company’s stock valued at $420,000 after purchasing an additional 97 shares during the period. Corient Private Wealth LLC increased its stake in Dorman Products by 2.6% during the 2nd quarter. Corient Private Wealth LLC now owns 3,842 shares of the auto parts company’s stock worth $471,000 after buying an additional 99 shares during the period. Mackenzie Financial Corp increased its stake in Dorman Products by 6.4% during the 3rd quarter. Mackenzie Financial Corp now owns 1,740 shares of the auto parts company’s stock worth $271,000 after buying an additional 105 shares during the period. Keybank National Association OH increased its stake in Dorman Products by 1.5% during the 1st quarter. Keybank National Association OH now owns 7,101 shares of the auto parts company’s stock worth $741,000 after buying an additional 106 shares during the period. Finally, Huntington National Bank lifted its holdings in Dorman Products by 12.8% during the 4th quarter. Huntington National Bank now owns 981 shares of the auto parts company’s stock worth $121,000 after buying an additional 111 shares in the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

Dorman Products Price Performance

Shares of DORM opened at $133.27 on Tuesday. The business’s 50-day moving average is $133.77 and its two-hundred day moving average is $122.13. The company has a market capitalization of $3.96 billion, a P/E ratio of 18.46 and a beta of 0.98. Dorman Products has a fifty-two week low of $98.44 and a fifty-two week high of $166.89. 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) last issued its quarterly earnings data on Monday, August 3rd. The auto parts company reported $3.08 earnings per share (EPS) for the quarter, beating 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 business had revenue of $544.60 million during the quarter, compared to analysts’ expectations of $582.24 million. During the same quarter in the previous year, the firm posted $2.06 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. Research analysts predict that Dorman Products will post 8.65 earnings per share for the current year.

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.