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

Dorman Products, Inc. (NASDAQ:DORM) has earned an average recommendation of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $156.00.

Several research analysts recently issued reports on the stock. Roth Capital reissued a “buy” rating on shares of Dorman Products in a research note on Wednesday, August 5th. 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. Freedom Capital lowered shares of Dorman Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Wells Fargo & Company upped their target price on shares of Dorman Products from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Finally, Zacks Research upgraded shares of Dorman Products from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th.

Dorman Products Stock Up 1.3%

Shares of NASDAQ DORM opened at $131.30 on Friday. The firm has a market cap of $3.90 billion, a PE ratio of 18.19 and a beta of 0.99. Dorman Products has a 1 year low of $98.44 and a 1 year high of $166.89. The company has a 50 day simple moving average of $135.16 and a 200 day simple moving average of $122.69. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.60 and a quick ratio of 1.73.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Monday, August 3rd. The auto parts company reported $3.08 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $582.24 million. During the same quarter in the previous year, the company posted $2.06 EPS. The business’s revenue was up .7% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. On average, research analysts forecast that Dorman Products will post 8.65 EPS for the current year.

Insider Buying and Selling

In other Dorman Products news, CAO Gregory Bowen sold 3,531 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $145.01, for a total value of $512,030.31. Following the completion of the sale, the chief accounting officer owned 5,340 shares in the company, valued at approximately $774,353.40. The trade was a 39.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dorman Products

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Coldstream Capital Management Inc. raised its stake in 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 worth $420,000 after buying an additional 97 shares in the last quarter. Corient Private Wealth LLC raised its position in Dorman Products by 2.6% in 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 last quarter. Mackenzie Financial Corp boosted its holdings in Dorman Products by 6.4% in the third quarter. Mackenzie Financial Corp now owns 1,740 shares of the auto parts company’s stock worth $271,000 after purchasing an additional 105 shares during the last quarter. Keybank National Association OH increased its position in Dorman Products by 1.5% during the first quarter. Keybank National Association OH now owns 7,101 shares of the auto parts company’s stock valued at $741,000 after acquiring an additional 106 shares during the last quarter. Finally, Huntington National Bank grew its stake in shares of Dorman Products by 12.8% during the 4th quarter. Huntington National Bank now owns 981 shares of the auto parts company’s stock valued at $121,000 after purchasing an additional 111 shares during the period. Institutional investors 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.