Dorman Products, Inc. (NASDAQ:DORM) Receives $157.00 Consensus Price Target from Brokerages

Dorman Products, Inc. (NASDAQ:DORM) has received an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $157.00.

Several research firms have recently commented on DORM. Weiss Ratings downgraded shares of Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, January 30th. Wells Fargo & Company lowered their price objective on shares of Dorman Products from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Barrington Research reiterated an “outperform” rating and set a $150.00 price objective on shares of Dorman Products in a research note on Thursday, March 5th. Wall Street Zen downgraded shares of Dorman Products from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Stephens restated an “overweight” rating and issued a $150.00 price objective on shares of Dorman Products in a research note on Wednesday, March 18th.

Insider Activity

In other news, SVP Donna M. Long sold 947 shares of the firm’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 transaction, the senior vice president directly owned 20,073 shares in the company, valued at $2,068,924.11. This trade represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 8.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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

Dorman Products Price Performance

Shares of DORM stock opened at $109.46 on Wednesday. Dorman Products has a fifty-two week low of $98.44 and a fifty-two week high of $166.89. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 16.48 and a beta of 0.96. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 3.09. The stock’s 50-day simple moving average is $114.37 and its 200-day simple moving average is $127.11.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Wednesday, February 25th. The auto parts company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.02. Dorman Products had a return on equity of 19.15% and a net margin of 9.59%.The business had revenue of $537.93 million for the quarter, compared to analyst estimates of $573.38 million. During the same quarter in the previous year, the firm earned $2.20 earnings per share. The company’s revenue was up .8% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. As a group, equities analysts forecast that Dorman Products will post 6.9 earnings per share for the current fiscal year.

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.