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

Shares of Dorman Products, Inc. (NASDAQ:DORM) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $157.00.

A number of equities analysts recently weighed in on the stock. Barrington Research restated an “outperform” rating and set a $150.00 target price on shares of Dorman Products in a research report on Monday, May 4th. Zacks Research upgraded shares of Dorman Products from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Wall Street Zen lowered shares of Dorman Products from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Wells Fargo & Company dropped their target price on shares of Dorman Products from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Finally, Stephens restated an “overweight” rating and set a $150.00 target price on shares of Dorman Products in a research report on Wednesday, March 18th.

Dorman Products Stock Performance

DORM opened at $123.64 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.29 and a quick ratio of 1.28. The company has a 50 day simple moving average of $110.84 and a two-hundred day simple moving average of $120.24. Dorman Products has a 1-year low of $98.44 and a 1-year high of $166.89. The firm has a market cap of $3.69 billion, a P/E ratio of 19.94 and a beta of 0.97.

Dorman Products (NASDAQ:DORM) last issued its earnings results on Monday, May 4th. The auto parts company reported $1.57 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.05. Dorman Products had a net margin of 8.84% and a return on equity of 17.73%. The firm had revenue of $528.77 million during the quarter, compared to analyst estimates of $524.80 million. During the same quarter in the prior year, the business earned $2.02 earnings per share. Dorman Products’s revenue for the quarter was up 4.2% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. Equities analysts forecast that Dorman Products will post 8.22 earnings per share for the current fiscal year.

Insider Transactions at Dorman Products

In related news, SVP Donna M. Long sold 947 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $103.07, for a total transaction of $97,607.29. Following the sale, the senior vice president owned 20,073 shares of the company’s stock, valued at $2,068,924.11. This represents a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dorman Products

Several large investors have recently modified their holdings of DORM. EverSource Wealth Advisors LLC increased its position in Dorman Products by 594.1% during the second quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 202 shares during the last quarter. Miller Capital Partners Inc. purchased a new stake in shares of Dorman Products in the fourth quarter valued at $37,000. Sankala Group LLC purchased a new stake in shares of Dorman Products in the fourth quarter valued at $47,000. Kestra Advisory Services LLC purchased a new position in Dorman Products in the 4th quarter worth about $48,000. Finally, Kemnay Advisory Services Inc. purchased a new position in Dorman Products in the 4th quarter worth about $60,000. Institutional investors 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.