Brokerages Set Dorman Products, Inc. (NASDAQ:DORM) Price Target at $172.50

Shares of Dorman Products, Inc. (NASDAQ:DORM) have received a consensus recommendation of “Buy” from the five brokerages that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $172.50.

Several brokerages recently commented on DORM. Zacks Research upgraded Dorman Products from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 13th. Roth Capital lifted their price objective on Dorman Products to $182.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Wells Fargo & Company started coverage on Dorman Products in a report on Friday, August 22nd. They set an “overweight” rating and a $175.00 target price for the company. Wall Street Zen lowered Dorman Products from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, BMO Capital Markets assumed coverage on Dorman Products in a report on Thursday, September 18th. They issued an “outperform” rating and a $180.00 price objective for the company.

Dorman Products Trading Up 0.1%

DORM opened at $156.55 on Friday. Dorman Products has a 12 month low of $106.95 and a 12 month high of $166.89. The company has a current ratio of 2.74, a quick ratio of 1.21 and a debt-to-equity ratio of 0.31. The firm’s fifty day simple moving average is $145.81 and its 200 day simple moving average is $130.63. The stock has a market capitalization of $4.78 billion, a P/E ratio of 21.30 and a beta of 0.81.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.06 EPS for the quarter, beating the consensus estimate of $1.76 by $0.30. Dorman Products had a return on equity of 19.23% and a net margin of 10.83%.The company had revenue of $540.96 million during the quarter, compared to the consensus estimate of $517.13 million. During the same quarter in the prior year, the firm posted $1.67 EPS. The firm’s revenue for the quarter 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, research analysts anticipate that Dorman Products will post 6.9 EPS for the current fiscal year.

Insider Transactions at Dorman Products

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

Institutional Trading of Dorman Products

A number of institutional investors have recently modified their holdings of DORM. Principal Financial Group Inc. boosted its stake in Dorman Products by 2.3% in the first quarter. Principal Financial Group Inc. now owns 141,288 shares of the auto parts company’s stock valued at $17,031,000 after acquiring an additional 3,206 shares in the last quarter. Flagship Harbor Advisors LLC raised its holdings in shares of Dorman Products by 12.5% during the first quarter. Flagship Harbor Advisors LLC now owns 2,493 shares of the auto parts company’s stock valued at $301,000 after acquiring an additional 277 shares during the last quarter. GAMMA Investing LLC lifted its position in Dorman Products by 16,876.2% during the first quarter. GAMMA Investing LLC now owns 113,910 shares of the auto parts company’s stock worth $13,731,000 after buying an additional 113,239 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Dorman Products by 19.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 52,664 shares of the auto parts company’s stock worth $6,823,000 after acquiring an additional 8,494 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Dorman Products by 1,136.2% during the 4th quarter. Wellington Management Group LLP now owns 174,717 shares of the auto parts company’s stock worth $22,635,000 after purchasing an additional 160,584 shares during the period. 84.70% of the stock is currently owned by institutional investors.

About Dorman Products

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.