Wells Fargo & Company Issues Positive Forecast for Dorman Products (NASDAQ:DORM) Stock Price

Dorman Products (NASDAQ:DORM) had its target price upped by Wells Fargo & Company from $140.00 to $155.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the auto parts company’s stock.

Several other research firms have also commented on DORM. Barrington Research reaffirmed an “outperform” rating and set a $150.00 target price on shares of Dorman Products in a report on Monday, May 4th. Zacks Research raised Dorman Products from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Finally, Weiss Ratings upgraded Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $159.50.

Dorman Products Price Performance

NASDAQ:DORM opened at $137.47 on Tuesday. Dorman Products has a one year low of $98.44 and a one year high of $166.89. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.28 and a current ratio of 3.29. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of 22.17 and a beta of 0.97. The firm’s fifty day moving average is $128.79 and its two-hundred day moving average is $121.04.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings results on Monday, May 4th. The auto parts company reported $1.57 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.05. The company had revenue of $528.77 million for the quarter, compared to the consensus estimate of $524.80 million. Dorman Products had a return on equity of 17.73% and a net margin of 8.84%.The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $2.02 EPS. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. Research analysts expect that Dorman Products will post 8.22 EPS for the current year.

Institutional Investors Weigh In On Dorman Products

Several hedge funds have recently modified their holdings of DORM. GAMMA Investing LLC raised its position in shares of Dorman Products by 11.6% during the 4th quarter. GAMMA Investing LLC now owns 827 shares of the auto parts company’s stock valued at $102,000 after buying an additional 86 shares during the period. Coldstream Capital Management Inc. grew its position in Dorman Products by 3.7% in the third quarter. Coldstream Capital Management Inc. now owns 2,696 shares of the auto parts company’s stock worth $420,000 after acquiring an additional 97 shares during the period. Corient Private Wealth LLC increased its stake in Dorman Products by 2.6% during the second quarter. Corient Private Wealth LLC now owns 3,842 shares of the auto parts company’s stock worth $471,000 after acquiring an additional 99 shares during the last quarter. Mackenzie Financial Corp increased its stake in Dorman Products by 6.4% during the third quarter. Mackenzie Financial Corp now owns 1,740 shares of the auto parts company’s stock worth $271,000 after acquiring an additional 105 shares during the last quarter. Finally, Keybank National Association OH raised its position in Dorman Products by 1.5% in the first quarter. Keybank National Association OH now owns 7,101 shares of the auto parts company’s stock valued at $741,000 after purchasing an additional 106 shares during the period. 84.70% of the stock is 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.