Dorman Products, Inc. (NASDAQ:DORM) Stock Has Average Target Price of $150.00 According to Brokerages

Dorman Products, Inc. (NASDAQ:DORM) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $150.00.

A number of analysts have issued reports on DORM shares. Roth Capital reissued a “buy” rating on shares of Dorman Products in a report on Wednesday, August 5th. Freedom Capital cut shares of Dorman Products from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Weiss Ratings downgraded shares of Dorman Products from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, September 16th. Finally, Wells Fargo & Company boosted their price target on Dorman Products from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th.

Dorman Products Stock Up 2.5%

DORM opened at $126.58 on Wednesday. Dorman Products has a fifty-two week low of $98.44 and a fifty-two week high of $164.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.73 and a current ratio of 3.60. The company has a market capitalization of $3.76 billion, a P/E ratio of 17.53 and a beta of 1.02. The stock has a fifty day moving average of $129.37 and a 200-day moving average of $124.17.

Dorman Products (NASDAQ:DORM) last announced its earnings results on Monday, August 3rd. The auto parts company reported $3.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $1.19. Dorman Products had a net margin of 10.18% and a return on equity of 19.37%. The company had revenue of $544.60 million during the quarter, compared to analysts’ expectations of $582.24 million. During the same quarter in the previous year, the business posted $2.06 earnings per share. Dorman Products’s quarterly revenue was up .7% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. On average, equities analysts expect that Dorman Products will post 8.65 EPS for the current year.

Insider Buying and Selling

In other Dorman Products news, CAO Gregory Bowen sold 3,531 shares of Dorman Products stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $145.01, for a total value of $512,030.31. Following the completion of the transaction, the chief accounting officer directly owned 5,340 shares of the company’s stock, valued at $774,353.40. The trade was a 39.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 7.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in Dorman Products during the second quarter worth about $556,542,000. Dimensional Fund Advisors LP lifted its holdings in shares of Dorman Products by 4.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,099,352 shares of the auto parts company’s stock worth $114,725,000 after acquiring an additional 51,653 shares during the period. Reinhart Partners LLC. acquired a new stake in shares of Dorman Products during the 2nd quarter worth approximately $93,386,000. Geode Capital Management LLC increased its stake in Dorman Products by 3.8% in the fourth quarter. Geode Capital Management LLC now owns 713,255 shares of the auto parts company’s stock valued at $87,880,000 after acquiring an additional 26,229 shares during the last quarter. Finally, Jennison Associates LLC raised its position in Dorman Products by 1.5% during the first quarter. Jennison Associates LLC now owns 826,285 shares of the auto parts company’s stock valued at $86,231,000 after purchasing an additional 12,504 shares in the last quarter. Institutional investors own 84.70% of the company’s stock.

Dorman Products Company Profile

Dorman Products, Inc (NASDAQ:DORM) is a supplier of replacement parts and products for the automotive aftermarket. The company develops, packages and distributes components designed to help repair and maintain passenger cars, light trucks and other vehicles, offering alternatives to original-equipment parts.

Its product portfolio includes underhood and undercar components, chassis and suspension parts, electrical components, heating and cooling products, drivetrain parts, body hardware, automotive lighting and repair hardware.