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

Dorman Products, Inc. (NASDAQ:DORM) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $150.00.

A number of brokerages have commented on DORM. Roth Capital reissued a “buy” rating on shares of Dorman Products in a research note on Wednesday, August 5th. Freedom Capital cut shares of Dorman Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Weiss Ratings downgraded shares of Dorman Products from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, September 16th. Finally, Wells Fargo & Company lifted their price target on 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 Price Performance

Shares of DORM opened at $123.06 on Wednesday. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 17.04 and a beta of 1.02. Dorman Products has a 1 year low of $98.44 and a 1 year high of $164.00. The business’s 50 day simple moving average is $129.96 and its 200-day simple moving average is $123.83. 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 posted its 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 during the quarter, compared to the consensus estimate of $582.24 million. During the same period in the prior year, the company earned $2.06 EPS. The company’s quarterly revenue was up .7% compared to the same quarter last year. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. As a group, equities analysts expect that Dorman Products will post 8.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Dorman Products

In other news, CAO Gregory Bowen sold 3,531 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were 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. This trade represents a 39.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.70% of the company’s stock.

Institutional Trading of Dorman Products

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP bought a new position in shares of Dorman Products during the second quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. bought a new position in Dorman Products in the 2nd quarter valued at $26,000. Public Employees Retirement System of Ohio purchased a new stake in Dorman Products in the second quarter worth $47,000. Sankala Group LLC purchased a new stake in Dorman Products in the fourth quarter worth $47,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Dorman Products by 954.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 527 shares of the auto parts company’s stock worth $65,000 after purchasing an additional 477 shares during the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.

About Dorman Products

Dorman Products, Inc (NASDAQ:DORM) is a supplier of replacement parts and products for the automotive aftermarket. The company develops, packages and distributes components designed to help repair and maintain passenger cars, light trucks and other vehicles, offering alternatives to original-equipment parts.

Its product portfolio includes underhood and undercar components, chassis and suspension parts, electrical components, heating and cooling products, drivetrain parts, body hardware, automotive lighting and repair hardware.