Analysts Set Dorman Products, Inc. (NASDAQ:DORM) Target Price at $180.50

Shares of Dorman Products, Inc. (NASDAQ:DORM) have been given a consensus rating of “Buy” by the six research firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $180.50.

Several brokerages have recently issued reports on DORM. Wall Street Zen lowered Dorman Products from a “buy” rating to a “hold” rating in a report on Friday. Zacks Research downgraded shares of Dorman Products from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Dorman Products in a research note on Monday, December 29th. Finally, Stephens initiated coverage on shares of Dorman Products in a research report on Tuesday, September 30th. They set an “overweight” rating and a $185.00 target price for the company.

Insider Activity

In other news, SVP Donna M. Long sold 812 shares of the company’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 transaction of $100,485.00. Following the completion of the transaction, the senior vice president directly owned 17,856 shares in the company, valued at $2,209,680. The trade was a 4.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John Mcknight sold 2,000 shares of the firm’s stock in a transaction on 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 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. Additional details regarding this sale are available in the official SEC disclosure. 8.90% of the stock is currently owned by insiders.

Institutional Trading of Dorman Products

A number of hedge funds have recently bought and sold shares of DORM. Private Trust Co. NA grew its position in Dorman Products by 101.2% in the 3rd quarter. Private Trust Co. NA now owns 165 shares of the auto parts company’s stock worth $26,000 after purchasing an additional 83 shares during the last quarter. Salem Investment Counselors Inc. acquired a new stake in Dorman Products during the third quarter worth about $27,000. Salomon & Ludwin LLC acquired a new stake in Dorman Products during the third quarter worth about $29,000. EverSource Wealth Advisors LLC increased its stake in Dorman Products by 594.1% during the second 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 period. Finally, Richardson Financial Services Inc. raised its holdings in Dorman Products by 134.6% in the 3rd quarter. Richardson Financial Services Inc. now owns 244 shares of the auto parts company’s stock valued at $38,000 after acquiring an additional 140 shares in the last quarter. 84.70% of the stock is owned by institutional investors.

Dorman Products Stock Down 1.2%

Shares of DORM stock opened at $124.05 on Friday. Dorman Products has a 1 year low of $106.95 and a 1 year high of $166.89. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.19 and a current ratio of 2.94. The stock has a market cap of $3.79 billion, a PE ratio of 15.45 and a beta of 0.91. The business’s fifty day moving average is $127.25 and its 200-day moving average is $138.22.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data 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. Dorman Products had a return on equity of 19.85% and a net margin of 11.62%.The business had revenue of $543.74 million during the quarter, compared to analyst estimates of $548.60 million. During the same period last year, the company earned $1.96 earnings per share. Dorman Products’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities analysts expect that Dorman Products will post 6.9 earnings per share 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.