Dorman Products’ (DORM) Overweight Rating Reaffirmed at Stephens

Stephens reaffirmed their overweight rating on shares of Dorman Products (NASDAQ:DORM) in a report issued on Wednesday,Benzinga reports. The brokerage currently has a $150.00 target price on the auto parts company’s stock.

Several other equities research analysts have also commented on the company. Jefferies Financial Group upgraded Dorman Products from a “hold” rating to a “buy” rating and dropped their price target for the stock from $159.00 to $140.00 in a research note on Monday, March 2nd. Weiss Ratings lowered Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, January 30th. Wells Fargo & Company decreased their target price on Dorman Products from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Zacks Research downgraded shares of Dorman Products from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. Finally, Barrington Research restated an “outperform” rating and issued a $150.00 price target on shares of Dorman Products in a report on Thursday, March 5th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $157.00.

Dorman Products Stock Down 0.4%

Shares of DORM opened at $100.92 on Wednesday. Dorman Products has a fifty-two week low of $99.01 and a fifty-two week high of $166.89. The company’s fifty day moving average is $121.67 and its two-hundred day moving average is $133.57. The firm has a market cap of $3.05 billion, a PE ratio of 15.20 and a beta of 0.92. The company has a quick ratio of 1.14, a current ratio of 3.09 and a debt-to-equity ratio of 0.27.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Wednesday, February 25th. The auto parts company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.02. The business had revenue of $537.93 million during 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 business’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.20 EPS. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. Analysts forecast that Dorman Products will post 6.9 earnings per share for the current year.

Insider Activity at Dorman Products

In other news, SVP Donna M. Long sold 947 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $103.07, for a total value of $97,607.29. Following the completion of the sale, the senior vice president owned 20,073 shares of the company’s stock, valued at $2,068,924.11. This represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dorman Products

Hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC lifted its position in Dorman Products by 37.4% during the 1st quarter. AQR Capital Management LLC now owns 4,220 shares of the auto parts company’s stock worth $509,000 after acquiring an additional 1,148 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in Dorman Products by 14.2% in the first quarter. Integrated Wealth Concepts LLC now owns 3,755 shares of the auto parts company’s stock valued at $453,000 after acquiring an additional 468 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Dorman Products by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,381 shares of the auto parts company’s stock valued at $1,854,000 after purchasing an additional 662 shares during the period. Millennium Management LLC raised its stake in shares of Dorman Products by 74.6% during the first quarter. Millennium Management LLC now owns 33,021 shares of the auto parts company’s stock valued at $3,980,000 after purchasing an additional 14,110 shares during the period. Finally, United Services Automobile Association acquired a new position in shares of Dorman Products during the first quarter worth $215,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

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.