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

Dorman Products (NASDAQ:DORM) had its price objective reduced by stock analysts at Wells Fargo & Company from $150.00 to $140.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 19.85% from the stock’s previous close.

DORM has been the subject of a number of other research reports. Weiss Ratings downgraded Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, January 30th. Wall Street Zen lowered shares of Dorman Products from a “buy” rating to a “hold” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $171.75.

Dorman Products Trading Up 0.2%

Dorman Products stock traded up $0.26 during mid-day trading on Friday, reaching $116.81. 70,209 shares of the company traded hands, compared to its average volume of 193,245. The firm’s 50 day moving average price is $126.34 and its 200 day moving average price is $138.40. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 17.63 and a beta of 0.92. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.94 and a quick ratio of 1.19. Dorman Products has a 52-week low of $106.95 and a 52-week high of $166.89.

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

Insider Buying and Selling at Dorman Products

In related news, insider John Mcknight sold 2,000 shares of Dorman Products stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $128.80, for a total value of $257,600.00. Following the completion of the sale, the insider directly owned 9,112 shares in the company, valued at approximately $1,173,625.60. This trade represents a 18.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Donna M. Long sold 812 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $123.75, for a total transaction of $100,485.00. Following the transaction, the senior vice president directly owned 17,856 shares of the company’s stock, valued at $2,209,680. The trade was a 4.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 8.90% of the company’s stock.

Hedge Funds Weigh In On Dorman Products

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Dorman Products by 0.3% in the third quarter. Vanguard Group Inc. now owns 3,061,577 shares of the auto parts company’s stock worth $477,239,000 after purchasing an additional 9,811 shares during the period. State Street Corp boosted its holdings in shares of Dorman Products by 0.7% during 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 purchasing an additional 7,846 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Dorman Products by 2.1% in the 4th 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 during the last quarter. Jennison Associates LLC raised its stake in Dorman Products by 22.1% during the fourth quarter. Jennison Associates LLC now owns 813,781 shares of the auto parts company’s stock valued at $100,250,000 after purchasing an additional 147,233 shares in the last quarter. Finally, Invesco Ltd. lifted its position in Dorman Products by 6.7% during the second quarter. Invesco Ltd. now owns 812,031 shares of the auto parts company’s stock valued at $99,612,000 after purchasing an additional 51,257 shares during the last quarter. 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.