Dorman Products (NASDAQ:DORM) Coverage Initiated by Analysts at BMO Capital Markets

BMO Capital Markets started coverage on shares of Dorman Products (NASDAQ:DORM) in a research report released on Thursday, Marketbeat reports. The brokerage issued an outperform rating and a $180.00 price objective on the auto parts company’s stock.

A number of other research analysts have also weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Dorman Products in a research note on Friday, August 22nd. They issued an “overweight” rating and a $175.00 price target on the stock. Roth Capital lifted their price target on shares of Dorman Products to $182.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Zacks Research raised shares of Dorman Products from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 13th. Finally, Wall Street Zen downgraded shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $172.50.

Dorman Products Stock Up 1.3%

Dorman Products stock opened at $159.00 on Thursday. The company’s 50 day simple moving average is $144.45 and its 200 day simple moving average is $130.25. Dorman Products has a fifty-two week low of $106.95 and a fifty-two week high of $166.89. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 21.63 and a beta of 0.82. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.74 and a quick ratio of 1.21.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.30. Dorman Products had a net margin of 10.83% and a return on equity of 19.23%. The business had revenue of $540.96 million for the quarter, compared to analyst estimates of $517.13 million. During the same quarter last year, the firm earned $1.67 EPS. Dorman Products’s quarterly revenue was up 7.6% compared to the same quarter last year. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. As a group, sell-side analysts anticipate that Dorman Products will post 6.9 EPS for the current year.

Insider Buying and Selling at Dorman Products

In other Dorman Products news, CAO Gregory C. Bowen sold 1,453 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $162.81, for a total value of $236,562.93. Following the transaction, the chief accounting officer directly owned 4,659 shares of the company’s stock, valued at approximately $758,531.79. This trade represents a 23.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Donna M. Long sold 820 shares of the firm’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $122.21, for a total transaction of $100,212.20. Following the completion of the transaction, the senior vice president directly owned 19,074 shares in the company, valued at $2,331,033.54. This trade represents a 4.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its stake in shares of Dorman Products by 594.1% in the second quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock valued at $29,000 after buying an additional 202 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of Dorman Products by 961.3% in the second quarter. Caitong International Asset Management Co. Ltd now owns 329 shares of the auto parts company’s stock valued at $40,000 after buying an additional 298 shares in the last quarter. USA Financial Formulas lifted its stake in shares of Dorman Products by 127.6% in the first quarter. USA Financial Formulas now owns 387 shares of the auto parts company’s stock valued at $47,000 after buying an additional 217 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its stake in shares of Dorman Products by 30.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 428 shares of the auto parts company’s stock valued at $53,000 after buying an additional 100 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Dorman Products by 42.5% in the first quarter. Blue Trust Inc. now owns 503 shares of the auto parts company’s stock valued at $61,000 after buying an additional 150 shares in the last quarter. 84.70% of the stock is owned by institutional investors.

Dorman Products Company Profile

Dorman Products, Inc supplies replacement and upgrade parts for passenger cars, light trucks, medium- and heavy-duty trucks, utility terrain vehicles, and all-terrain vehicles in the motor vehicle aftermarket industry in the United States and internationally. It offers engine products, including intake and exhaust manifolds, fans, thermostat housings, and throttle bodies; undercar products comprising fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, other engine, and transmission and axle components; steering and suspension products consist of control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, and leaf springs, as well as other suspension, steering, and brake components; body products, such as door handles and hinges, window lift motors, window regulators, switches and handles, wiper components, lighting, electrical, and other interior and exterior vehicle body components, including windshields for UTVs; electronics products comprise new and remanufactured modules, clusters and sensors; and hardware products, such as threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise.