Dorman Products (NASDAQ:DORM) Earns Overweight Rating from Analysts at Stephens

Stephens started coverage on shares of Dorman Products (NASDAQ:DORM) in a report issued on Tuesday, MarketBeat.com reports. The firm issued an overweight rating and a $185.00 price target on the auto parts company’s stock.

Several other research analysts have also issued reports on the stock. Zacks Research upgraded shares of Dorman Products from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 13th. BMO Capital Markets began coverage on shares of Dorman Products in a research note on Thursday, September 18th. They set an “outperform” rating and a $180.00 price objective for the company. Wall Street Zen lowered shares of Dorman Products from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. Roth Capital lifted their price target on shares of Dorman Products to $182.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Finally, Wells Fargo & Company began coverage on shares of Dorman Products in a research note on Friday, August 22nd. They issued an “overweight” rating and a $175.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Dorman Products currently has a consensus rating of “Buy” and an average price target of $175.00.

Dorman Products Stock Up 0.4%

Shares of Dorman Products stock opened at $155.77 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.74 and a quick ratio of 1.21. The company has a 50-day moving average of $151.08 and a 200 day moving average of $132.13. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 21.19 and a beta of 0.84. Dorman Products has a 1 year low of $106.95 and a 1 year high of $166.89.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.30. The company had revenue of $540.96 million during the quarter, compared to analyst estimates of $517.13 million. Dorman Products had a net margin of 10.83% and a return on equity of 19.23%. Dorman Products’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business earned $1.67 EPS. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. As a group, sell-side analysts anticipate that Dorman Products will post 6.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Donna M. Long sold 820 shares of the firm’s stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $122.21, for a total value of $100,212.20. Following the transaction, the senior vice president owned 19,074 shares of the company’s stock, valued at approximately $2,331,033.54. This trade represents a 4.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Gregory C. Bowen sold 1,453 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $162.81, for a total transaction of $236,562.93. Following the completion of the transaction, the chief accounting officer directly owned 4,659 shares in the company, valued at approximately $758,531.79. The trade was a 23.77% decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.90% of the company’s stock.

Hedge Funds Weigh In On Dorman Products

Several large investors have recently added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in Dorman Products by 6.7% during the second quarter. Invesco Ltd. now owns 812,031 shares of the auto parts company’s stock valued at $99,612,000 after purchasing an additional 51,257 shares in the last quarter. Jennison Associates LLC lifted its holdings in Dorman Products by 24.3% during the second quarter. Jennison Associates LLC now owns 744,400 shares of the auto parts company’s stock valued at $91,316,000 after purchasing an additional 145,758 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Dorman Products by 3.9% during the second quarter. Geode Capital Management LLC now owns 677,100 shares of the auto parts company’s stock valued at $83,070,000 after purchasing an additional 25,286 shares in the last quarter. GW&K Investment Management LLC lifted its holdings in Dorman Products by 0.7% during the first quarter. GW&K Investment Management LLC now owns 601,363 shares of the auto parts company’s stock valued at $72,489,000 after purchasing an additional 4,363 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Dorman Products by 192.9% during the first quarter. Wellington Management Group LLP now owns 511,791 shares of the auto parts company’s stock valued at $61,691,000 after purchasing an additional 337,074 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Dorman Products Company Profile

Dorman Products, Inc supplies replacement and upgrade parts for passenger cars, light trucks, medium- and heavy-duty trucks, utility terrain vehicles, and all-terrain vehicles in the motor vehicle aftermarket industry in the United States and internationally. It offers engine products, including intake and exhaust manifolds, fans, thermostat housings, and throttle bodies; undercar products comprising fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, other engine, and transmission and axle components; steering and suspension products consist of control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, and leaf springs, as well as other suspension, steering, and brake components; body products, such as door handles and hinges, window lift motors, window regulators, switches and handles, wiper components, lighting, electrical, and other interior and exterior vehicle body components, including windshields for UTVs; electronics products comprise new and remanufactured modules, clusters and sensors; and hardware products, such as threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise.