Dorman Products’ (DORM) Outperform Rating Reiterated at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Dorman Products (NASDAQ:DORM) in a report issued on Thursday,Benzinga reports. Barrington Research currently has a $150.00 price objective on the auto parts company’s stock.

Several other equities analysts also recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of Dorman Products from $150.00 to $140.00 and set an “overweight” rating on the stock 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 report on Tuesday, March 3rd. Wall Street Zen cut shares of Dorman Products from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings downgraded shares of Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, January 30th. Finally, Jefferies Financial Group raised Dorman Products from a “hold” rating to a “buy” rating and decreased their target price for the company from $159.00 to $140.00 in a research report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Dorman Products currently has an average rating of “Moderate Buy” and a consensus price target of $162.83.

Dorman Products Price Performance

NASDAQ:DORM opened at $109.33 on Thursday. Dorman Products has a 12-month low of $106.95 and a 12-month high of $166.89. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 16.47 and a beta of 0.92. The stock’s 50 day moving average price is $124.98 and its two-hundred day moving average price is $136.73. 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 issued its earnings results on Wednesday, February 25th. The auto parts company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.15 by $0.02. The company 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 firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.20 EPS. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. On average, analysts anticipate that Dorman Products will post 6.9 earnings per share for the current year.

Insider Activity

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

Hedge Funds Weigh In On Dorman Products

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA increased its position 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 purchasing an additional 83 shares during the period. Salem Investment Counselors Inc. bought a new position in Dorman Products in the 3rd quarter valued at about $27,000. Salomon & Ludwin LLC acquired a new position in shares of Dorman Products in the 3rd quarter valued at approximately $29,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Dorman Products by 594.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock worth $29,000 after acquiring an additional 202 shares during the period. Finally, Miller Capital Partners Inc. bought a new stake in shares of Dorman Products during the 4th quarter worth approximately $37,000. 84.70% of the stock is owned by institutional investors and hedge funds.

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.