Dorman Products (NASDAQ:DORM) Stock Price Target Lowered at Wells Fargo & Company

Dorman Products (NASDAQ:DORM) had its price objective cut by analysts at Wells Fargo & Company from $160.00 to $150.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an “overweight” rating on the auto parts company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 20.86% from the stock’s current price.

Several other equities research analysts have also weighed in on DORM. Roth Capital restated a “buy” rating on shares of Dorman Products in a report on Wednesday, August 5th. Freedom Capital cut Dorman Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Weiss Ratings raised shares of Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $147.50.

Dorman Products Price Performance

DORM traded down $3.38 during trading on Friday, reaching $124.11. The stock had a trading volume of 52,595 shares, compared to its average volume of 254,712. The stock has a 50 day moving average of $126.16 and a two-hundred day moving average of $125.79. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 17.25 and a beta of 1.02. Dorman Products has a 1-year low of $98.44 and a 1-year high of $164.00. The company has a quick ratio of 1.73, a current ratio of 3.60 and a debt-to-equity ratio of 0.29.

Dorman Products (NASDAQ:DORM) last issued its earnings results on Monday, August 3rd. The auto parts company reported $3.08 earnings per share for the quarter, topping 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 firm had revenue of $544.60 million during the quarter, compared to analysts’ expectations of $582.24 million. During the same period last year, the firm posted $2.06 earnings per share. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. As a group, equities analysts anticipate that Dorman Products will post 8.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Gregory Bowen sold 3,531 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $145.01, for a total value of $512,030.31. Following the sale, the chief accounting officer directly owned 5,340 shares of the company’s stock, valued at approximately $774,353.40. This represents a 39.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 7.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Dorman Products in the 2nd quarter worth approximately $556,542,000. Reinhart Partners LLC. purchased a new position in Dorman Products in the second quarter valued at about $93,386,000. Bank of America Corp DE purchased a new stake in shares of Dorman Products during the second quarter valued at about $57,222,000. American Capital Management Inc. purchased a new stake in Dorman Products during the second quarter valued at approximately $38,785,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Dorman Products during the 2nd quarter valued at $22,598,000. 84.70% of the stock is owned by institutional investors.

Dorman Products Company Profile

Dorman Products, Inc develops, manufactures and distributes replacement and upgrade parts for automobiles, light-, medium- and heavy-duty trucks, and other vehicles. Its products are sold primarily through the automotive aftermarket, serving professional repair shops, retailers, distributors, e-commerce channels and do-it-yourself consumers.

The company offers a broad range of products, including engine, transmission, cooling, electrical, steering, suspension, braking, chassis and body components.