Dorman Products, Inc. (NASDAQ:DORM) Given Consensus Recommendation of “Buy” by Brokerages

Dorman Products, Inc. (NASDAQ:DORM) has been assigned a consensus rating of “Buy” from the six brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $180.50.

Several brokerages recently issued reports on DORM. Zacks Research lowered Dorman Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. Wall Street Zen downgraded shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Dorman Products in a research note on Monday, December 22nd. BMO Capital Markets assumed coverage on shares of Dorman Products in a research report on Thursday, September 18th. They set an “outperform” rating and a $180.00 target price on the stock. Finally, Stephens began coverage on shares of Dorman Products in a report on Tuesday, September 30th. They issued an “overweight” rating and a $185.00 price target for the company.

Insider Buying and Selling

In other Dorman Products 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 sale, the insider owned 9,112 shares in the company, 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 can be accessed through the SEC website. Corporate insiders own 8.90% of the company’s stock.

Institutional Investors Weigh In On Dorman Products

A number of institutional investors and hedge funds have recently modified their holdings of the company. TD Private Client Wealth LLC boosted its holdings in shares of Dorman Products by 5.9% in the 3rd 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 last quarter. Private Trust Co. NA boosted its holdings in Dorman Products by 101.2% in the third 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 grew its position 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 worth $1,487,000 after purchasing an additional 86 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Dorman Products by 2.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,300 shares of the auto parts company’s stock valued at $514,000 after buying an additional 88 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Dorman Products by 26.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 417 shares of the auto parts company’s stock valued at $65,000 after buying an additional 88 shares during the period. Institutional investors and hedge funds own 84.70% of the company’s stock.

Dorman Products Trading Up 0.6%

NASDAQ DORM opened at $126.62 on Monday. Dorman Products has a 52 week low of $106.95 and a 52 week high of $166.89. The company has a 50 day moving average price of $132.66 and a 200 day moving average price of $138.05. The company has a quick ratio of 1.19, a current ratio of 2.94 and a debt-to-equity ratio of 0.28. The firm has a market cap of $3.87 billion, a PE ratio of 15.77 and a beta of 0.88.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Monday, October 27th. The auto parts company reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.31 by $0.31. The business had revenue of $543.74 million for the quarter, compared to analyst estimates of $548.60 million. Dorman Products had a net margin of 11.62% and a return on equity of 19.85%. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.96 earnings per share. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. As a group, sell-side analysts forecast that Dorman Products will post 6.9 EPS for the current fiscal 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.