Analysts Set Dorman Products, Inc. (NASDAQ:DORM) Target Price at $180.50

Dorman Products, Inc. (NASDAQ:DORM) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $180.50.

Several equities analysts have recently issued reports on the company. Zacks Research lowered Dorman Products from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Weiss Ratings cut Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, January 30th. Finally, Wall Street Zen cut shares of Dorman Products from a “buy” rating to a “hold” rating in a report on Friday, January 23rd.

Insider Activity at Dorman Products

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Private Trust Co. NA grew its holdings 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 worth $26,000 after purchasing an additional 83 shares during the period. Salem Investment Counselors Inc. bought a new position in shares of Dorman Products during the 3rd quarter worth about $27,000. Salomon & Ludwin LLC acquired a new stake in shares of Dorman Products in the 3rd quarter valued at about $29,000. EverSource Wealth Advisors LLC increased its position 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 valued at $29,000 after buying an additional 202 shares in the last quarter. Finally, Miller Capital Partners Inc. acquired a new position in Dorman Products during the 4th quarter worth approximately $37,000. Institutional investors own 84.70% of the company’s stock.

Dorman Products Trading Down 0.7%

DORM opened at $127.73 on Tuesday. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 15.91 and a beta of 0.92. The company has a quick ratio of 1.19, a current ratio of 2.94 and a debt-to-equity ratio of 0.28. Dorman Products has a twelve month low of $106.95 and a twelve month high of $166.89. The company has a 50-day simple moving average of $126.76 and a 200 day simple moving average of $138.81.

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.