Analysts Set Dorman Products, Inc. (NASDAQ:DORM) Target Price at $157.00

Shares of Dorman Products, Inc. (NASDAQ:DORM) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $157.00.

Several brokerages have recently weighed in on DORM. Stephens reaffirmed an “overweight” rating and issued a $150.00 price target on shares of Dorman Products in a research report on Wednesday, March 18th. Barrington Research reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Dorman Products in a research report on Monday, May 4th. Wells Fargo & Company lowered their price target on shares of Dorman Products from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Wall Street Zen cut shares of Dorman Products from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, Jefferies Financial Group raised shares of Dorman Products from a “hold” rating to a “buy” rating and lowered their price target for the stock from $159.00 to $140.00 in a research report on Monday, March 2nd.

Insider Buying and Selling

In related news, SVP Donna M. Long sold 947 shares of the stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $103.07, for a total transaction of $97,607.29. Following the completion of the sale, the senior vice president owned 20,073 shares of the company’s stock, valued at $2,068,924.11. This represents a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 7.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Dorman Products

Hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in Dorman Products by 594.1% during the second quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 202 shares during the last quarter. Miller Capital Partners Inc. purchased a new stake in Dorman Products during the fourth quarter valued at approximately $37,000. Kestra Advisory Services LLC purchased a new stake in Dorman Products during the fourth quarter valued at approximately $48,000. Sankala Group LLC purchased a new stake in Dorman Products during the fourth quarter valued at approximately $47,000. Finally, Jones Financial Companies Lllp lifted its position in Dorman Products by 26.7% during the third quarter. Jones Financial Companies Lllp now owns 417 shares of the auto parts company’s stock valued at $65,000 after acquiring an additional 88 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Dorman Products Price Performance

Shares of DORM opened at $124.75 on Thursday. The company has a 50 day moving average price of $113.07 and a 200-day moving average price of $119.87. Dorman Products has a fifty-two week low of $98.44 and a fifty-two week high of $166.89. The stock has a market capitalization of $3.73 billion, a PE ratio of 20.12 and a beta of 0.99. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.28 and a current ratio of 3.29.

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. Dorman Products had a net margin of 8.84% and a return on equity of 17.73%. The firm had revenue of $528.77 million during the quarter, compared to analysts’ expectations of $524.80 million. During the same quarter in the prior year, the company earned $2.02 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. Equities analysts predict that Dorman Products will post 8.22 earnings per share for the current fiscal year.

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.