Wells Fargo & Company Lowers Dorman Products (NASDAQ:DORM) Price Target to $140.00

Dorman Products (NASDAQ:DORM) had its price objective decreased by Wells Fargo & Company from $150.00 to $140.00 in a report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the auto parts company’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 18.78% from the stock’s previous close.

DORM has been the topic of several other research reports. Wall Street Zen cut Dorman Products from a “buy” rating to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings downgraded shares of Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.75.

Dorman Products Stock Performance

Shares of Dorman Products stock opened at $117.86 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.94 and a quick ratio of 1.19. The firm has a 50 day simple moving average of $126.17 and a 200 day simple moving average of $138.15. 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 cap of $3.60 billion, a P/E ratio of 17.75 and a beta of 0.92.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings data on Wednesday, February 25th. The auto parts company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.02. The firm had revenue of $537.93 million for the quarter, compared to the consensus estimate of $573.38 million. Dorman Products had a return on equity of 19.39% and a net margin of 9.59%.The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.20 EPS. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. Sell-side analysts predict that Dorman Products will post 6.9 earnings per share for the current fiscal year.

Insider Activity

In other news, insider John Mcknight sold 2,000 shares of the company’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $128.80, for a total value of $257,600.00. Following the completion of the sale, the insider directly owned 9,112 shares of the company’s stock, valued at $1,173,625.60. This represents a 18.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Donna M. Long sold 812 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $123.75, for a total transaction of $100,485.00. Following the completion of the sale, the senior vice president owned 17,856 shares in the company, valued at $2,209,680. This represents a 4.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 8.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dorman Products

Hedge funds and other institutional investors have recently made changes to their positions in the company. Private Trust Co. NA grew its stake 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 acquiring an additional 83 shares during the period. Salem Investment Counselors Inc. bought a new position in shares of Dorman Products during the 3rd quarter valued at about $27,000. Salomon & Ludwin LLC acquired a new position in shares of Dorman Products in the 3rd quarter valued at approximately $29,000. EverSource Wealth Advisors LLC increased its stake in Dorman Products by 594.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock worth $29,000 after purchasing an additional 202 shares in the last quarter. Finally, Miller Capital Partners Inc. bought a new stake in Dorman Products during the 4th quarter worth approximately $37,000. 84.70% of the stock is owned by institutional investors.

Dorman Products Company Profile

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.