Analysts Set Dorman Products, Inc. (NASDAQ:DORM) Price Target at $162.83

Dorman Products, Inc. (NASDAQ:DORM) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $162.8333.

Several research firms have recently commented on DORM. Wells Fargo & Company decreased their price objective on Dorman Products from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Weiss Ratings lowered shares of Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, January 30th. Barrington Research restated an “outperform” rating and set a $150.00 target price on shares of Dorman Products in a research note on Thursday, March 5th. Jefferies Financial Group raised shares of Dorman Products from a “hold” rating to a “buy” rating and lowered their price target for the company from $159.00 to $140.00 in a report on Monday, March 2nd. Finally, Wall Street Zen lowered shares of Dorman Products from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th.

Insider Buying and Selling at Dorman Products

In related news, SVP Donna M. Long sold 947 shares of Dorman Products stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $103.07, for a total transaction of $97,607.29. Following the transaction, the senior vice president owned 20,073 shares in the company, valued at approximately $2,068,924.11. The trade was a 4.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 8.90% of the company’s stock.

Institutional Investors Weigh In On Dorman Products

Institutional investors and hedge funds have recently bought and sold shares of the business. Private Trust Co. NA boosted its stake in shares of Dorman Products by 101.2% in the third quarter. Private Trust Co. NA now owns 165 shares of the auto parts company’s stock worth $26,000 after acquiring an additional 83 shares during the period. Salem Investment Counselors Inc. bought a new stake in Dorman Products during the 3rd quarter valued at approximately $27,000. Salomon & Ludwin LLC bought a new stake in Dorman Products during the 3rd quarter valued at approximately $29,000. EverSource Wealth Advisors LLC lifted its holdings in Dorman Products by 594.1% in 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 position in Dorman Products in the 4th quarter worth approximately $37,000. 84.70% of the stock is owned by institutional investors.

Dorman Products Price Performance

Shares of DORM opened at $103.61 on Friday. The firm has a fifty day simple moving average of $122.61 and a two-hundred day simple moving average of $134.22. The firm has a market cap of $3.13 billion, a PE ratio of 15.60 and a beta of 0.92. The company has a current ratio of 3.09, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27. Dorman Products has a 1-year low of $101.03 and a 1-year high of $166.89.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings results on Wednesday, February 25th. The auto parts company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 19.15% and a net margin of 9.59%.The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the business posted $2.20 EPS. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. On average, equities analysts anticipate that Dorman Products will post 6.9 EPS for the current 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.