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

Dorman Products, Inc. (NASDAQ:DORM) has been given an average rating of “Moderate Buy” by the eight analysts that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $160.3333.

Several equities research analysts have weighed in on DORM shares. Barrington Research reissued an “outperform” rating and issued a $150.00 price target on shares of Dorman Products in a report on Monday, May 4th. Weiss Ratings raised shares of Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Roth Capital reaffirmed a “buy” rating on shares of Dorman Products in a research report on Wednesday, August 5th. Zacks Research upgraded shares of Dorman Products from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Wells Fargo & Company boosted their target price on shares of Dorman Products from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th.

Dorman Products Stock Performance

Shares of DORM opened at $133.27 on Tuesday. Dorman Products has a 12 month low of $98.44 and a 12 month high of $166.89. The stock has a fifty day moving average price of $133.77 and a 200-day moving average price of $122.13. The company has a current ratio of 3.60, a quick ratio of 1.73 and a debt-to-equity ratio of 0.29. The firm has a market cap of $3.96 billion, a PE ratio of 18.46 and a beta of 0.98.

Dorman Products (NASDAQ:DORM) last announced its earnings results 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. Dorman Products had a return on equity of 19.37% and a net margin of 10.18%.The firm had revenue of $544.60 million for the quarter, compared to the consensus estimate of $582.24 million. During the same period in the previous year, the business earned $2.06 EPS. The firm’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. Equities research analysts predict that Dorman Products will post 8.65 earnings per share for the current fiscal year.

Insider Activity at Dorman Products

In other news, CAO Gregory C. Bowen sold 3,531 shares of the business’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 directly owned 5,340 shares of the company’s stock, valued at $774,353.40. The trade was a 39.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 7.70% of the company’s stock.

Institutional Trading of Dorman Products

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Dorman Products in the second quarter valued at approximately $556,542,000. Reinhart Partners LLC. purchased a new position in Dorman Products during the 2nd quarter worth approximately $93,386,000. Westfield Capital Management Co. LP acquired a new stake in Dorman Products during the 4th quarter valued at approximately $56,940,000. Victory Capital Management Inc. lifted its stake in Dorman Products by 4,111.8% during the 4th quarter. Victory Capital Management Inc. now owns 366,087 shares of the auto parts company’s stock valued at $45,098,000 after acquiring an additional 357,395 shares during the period. Finally, Norges Bank acquired a new stake in Dorman Products during the 4th quarter valued at approximately $41,488,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

Dorman Products Company Profile

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.