Dorman Products, Inc. (NASDAQ:DORM) Given Average Rating of “Moderate Buy” by Analysts

Shares of Dorman Products, Inc. (NASDAQ:DORM) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $162.8333.

A number of brokerages have recently issued reports on DORM. Wells Fargo & Company reduced their price objective on shares of Dorman Products from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Jefferies Financial Group raised shares of Dorman Products from a “hold” rating to a “buy” rating and dropped their target price for the stock from $159.00 to $140.00 in a report on Monday, March 2nd. Wall Street Zen lowered Dorman Products from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Zacks Research cut Dorman Products from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. Finally, Weiss Ratings downgraded Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, January 30th.

Insider Transactions at Dorman Products

In related news, SVP Donna M. Long sold 812 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $123.75, for a total value of $100,485.00. Following the transaction, the senior vice president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.90% of the company’s stock.

Institutional Investors Weigh In On Dorman Products

Institutional investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA lifted its holdings in shares of Dorman Products by 101.2% in the third quarter. Private Trust Co. NA now owns 165 shares of the auto parts company’s stock worth $26,000 after buying an additional 83 shares in the last quarter. Salem Investment Counselors Inc. purchased a new position in Dorman Products during the third quarter valued at $27,000. Salomon & Ludwin LLC purchased a new position in Dorman Products during the third quarter valued at $29,000. EverSource Wealth Advisors LLC increased its holdings in Dorman Products by 594.1% in the 2nd 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. Finally, Miller Capital Partners Inc. purchased a new stake in Dorman Products in the 4th quarter worth $37,000. 84.70% of the stock is owned by hedge funds and other institutional investors.

Dorman Products Trading Up 0.6%

Shares of NASDAQ:DORM opened at $102.81 on Friday. The stock has a 50 day moving average of $123.05 and a 200 day moving average of $135.04. The company has a market cap of $3.10 billion, a PE ratio of 15.48 and a beta of 0.92. The company has a current ratio of 3.09, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27. Dorman Products has a 12-month low of $101.03 and a 12-month high of $166.89.

Dorman Products (NASDAQ:DORM) last released its earnings results on Wednesday, February 25th. The auto parts company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.02. Dorman Products had a net margin of 9.59% and a return on equity of 19.15%. The company had revenue of $537.93 million for the quarter, compared to analysts’ expectations of $573.38 million. During the same quarter last year, the business earned $2.20 EPS. The firm’s revenue was up .8% compared to the same quarter last year. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. As a group, equities research analysts expect that Dorman Products will post 6.9 EPS for the current year.

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.