Dorman Products (NASDAQ:DORM) Given Outperform Rating at Barrington Research

Barrington Research restated their outperform rating on shares of Dorman Products (NASDAQ:DORM) in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has a $150.00 price target on the auto parts company’s stock.

Several other equities research analysts have also issued reports on the company. Jefferies Financial Group upgraded Dorman Products from a “hold” rating to a “buy” rating and reduced their price target for the company from $159.00 to $140.00 in a report on Monday. Wells Fargo & Company dropped their price objective on Dorman Products from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Weiss Ratings cut shares of Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, January 30th. Zacks Research downgraded shares of Dorman Products from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Finally, Wall Street Zen cut Dorman Products from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Dorman Products currently has an average rating of “Moderate Buy” and an average target price of $162.83.

Dorman Products Trading Down 3.5%

Dorman Products stock opened at $112.12 on Thursday. The company’s fifty day simple moving average is $125.33 and its 200-day simple moving average is $137.16. The company has a quick ratio of 1.14, a current ratio of 3.09 and a debt-to-equity ratio of 0.27. Dorman Products has a 12 month low of $106.95 and a 12 month high of $166.89. The stock has a market cap of $3.38 billion, a P/E ratio of 16.89 and a beta of 0.92.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Wednesday, February 25th. The auto parts company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.02. The business had revenue of $537.93 million during the quarter, compared to analyst estimates of $573.38 million. Dorman Products had a return on equity of 19.15% and a net margin of 9.59%.Dorman Products’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the company earned $2.20 earnings per share. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. As a group, sell-side analysts forecast that Dorman Products will post 6.9 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider John Mcknight sold 2,000 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $128.80, for a total transaction of $257,600.00. Following the completion of the transaction, the insider owned 9,112 shares of the company’s stock, valued at approximately $1,173,625.60. The trade was a 18.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Donna M. Long sold 812 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $123.75, for a total value of $100,485.00. Following the sale, the senior vice president owned 17,856 shares of the company’s stock, valued at approximately $2,209,680. The trade was a 4.35% decrease in their position. The SEC filing for this sale provides additional information. 8.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. TD Private Client Wealth LLC boosted its position in shares of Dorman Products by 5.9% in the third quarter. TD Private Client Wealth LLC now owns 1,457 shares of the auto parts company’s stock valued at $227,000 after acquiring an additional 81 shares during the period. Private Trust Co. NA raised its stake in Dorman Products by 101.2% during the 3rd quarter. Private Trust Co. NA now owns 165 shares of the auto parts company’s stock valued at $26,000 after purchasing an additional 83 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Dorman Products by 0.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 9,539 shares of the auto parts company’s stock valued at $1,487,000 after purchasing an additional 86 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Dorman Products by 11.6% in the 4th quarter. GAMMA Investing LLC now owns 827 shares of the auto parts company’s stock valued at $102,000 after purchasing an additional 86 shares during the period. Finally, Jones Financial Companies Lllp grew its position in Dorman Products by 26.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 417 shares of the auto parts company’s stock worth $65,000 after purchasing an additional 88 shares during the last quarter. 84.70% of the stock is owned by institutional investors.

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.