Dorman Products, Inc. (NASDAQ:DORM) Receives Average Recommendation of “Moderate Buy” from Brokerages

Dorman Products, Inc. (NASDAQ:DORM) has earned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $157.00.

Several research analysts have recently weighed in on the stock. Barrington Research reissued an “outperform” rating and set a $150.00 price objective on shares of Dorman Products in a report on Monday, May 4th. Zacks Research raised shares of Dorman Products from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Wells Fargo & Company cut their target price 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. Weiss Ratings lowered 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 upgraded shares of Dorman Products from a “hold” rating to a “buy” rating and cut their target price for the company from $159.00 to $140.00 in a research report on Monday, March 2nd.

Dorman Products Stock Up 2.8%

DORM opened at $123.64 on Thursday. The company has a quick ratio of 1.28, a current ratio of 3.29 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average price of $110.84 and a 200-day moving average price of $120.24. Dorman Products has a twelve month low of $98.44 and a twelve month high of $166.89. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 19.94 and a beta of 0.97.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Monday, May 4th. The auto parts company reported $1.57 earnings per share for the quarter, beating 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 period in the previous year, the company earned $2.02 earnings per share. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. Equities research analysts forecast that Dorman Products will post 8.22 earnings per share for the current year.

Insider Transactions at Dorman Products

In related news, SVP Donna M. Long sold 947 shares of the business’s 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 directly owned 20,073 shares in the company, valued at approximately $2,068,924.11. The trade was a 4.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 7.70% of the company’s stock.

Hedge Funds Weigh In On Dorman Products

A number of hedge funds have recently modified their holdings of the company. Summitry LLC boosted its position in shares of Dorman Products by 53.2% in the first quarter. Summitry LLC now owns 2,815 shares of the auto parts company’s stock worth $294,000 after purchasing an additional 978 shares during the period. Liontrust Investment Partners LLP boosted its position in shares of Dorman Products by 7.6% in the first quarter. Liontrust Investment Partners LLP now owns 2,123 shares of the auto parts company’s stock worth $222,000 after purchasing an additional 150 shares during the period. NewEdge Advisors LLC boosted its position in shares of Dorman Products by 11.0% in the first quarter. NewEdge Advisors LLC now owns 3,008 shares of the auto parts company’s stock worth $314,000 after purchasing an additional 298 shares during the period. Bank of America Corp DE boosted its position in shares of Dorman Products by 11.6% in the first quarter. Bank of America Corp DE now owns 409,983 shares of the auto parts company’s stock worth $42,786,000 after purchasing an additional 42,682 shares during the period. Finally, Edgestream Partners L.P. boosted its position in shares of Dorman Products by 227.0% in the first quarter. Edgestream Partners L.P. now owns 42,900 shares of the auto parts company’s stock worth $4,477,000 after purchasing an additional 29,782 shares during the period. 84.70% of the stock is currently owned by institutional investors.

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.