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

Shares of Dorman Products, Inc. (NASDAQ:DORM) have been given an average rating of “Moderate Buy” by the eight ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $157.00.

Several equities research analysts have recently issued reports on the stock. Barrington Research restated an “outperform” rating and issued a $150.00 price objective on shares of Dorman Products in a research note on Thursday, March 5th. Wells Fargo & Company lowered their price objective on shares of Dorman Products from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, February 27th. Stephens restated an “overweight” rating and issued a $150.00 price objective on shares of Dorman Products in a research note on Wednesday, March 18th. Zacks Research downgraded shares of Dorman Products from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Finally, Jefferies Financial Group upgraded shares of Dorman Products from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $159.00 to $140.00 in a research note on Monday, March 2nd.

Dorman Products Trading Up 0.7%

Shares of DORM stock opened at $101.24 on Wednesday. The business’s 50 day moving average is $115.26 and its two-hundred day moving average is $127.71. The company has a market cap of $3.06 billion, a PE ratio of 15.25 and a beta of 0.96. The company has a quick ratio of 1.14, a current ratio of 3.09 and a debt-to-equity ratio of 0.27. Dorman Products has a 12 month low of $98.44 and a 12 month high of $166.89.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Wednesday, February 25th. The auto parts company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.02. The business had revenue of $537.93 million for the quarter, compared to the consensus estimate of $573.38 million. Dorman Products had a net margin of 9.59% and a return on equity of 19.15%. Dorman Products’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the company posted $2.20 earnings per share. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. Equities analysts predict that Dorman Products will post 6.9 EPS for the current year.

Insider Activity

In other news, SVP Donna M. Long sold 947 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $103.07, for a total value of $97,607.29. Following the sale, the senior vice president owned 20,073 shares in the company, valued at approximately $2,068,924.11. This trade represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 8.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. lifted its position in Dorman Products by 140.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,313 shares of the auto parts company’s stock worth $162,000 after purchasing an additional 768 shares during the period. Corient Private Wealth LLC lifted its position in Dorman Products by 7.2% in the fourth quarter. Corient Private Wealth LLC now owns 4,503 shares of the auto parts company’s stock worth $557,000 after purchasing an additional 301 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in Dorman Products by 954.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 527 shares of the auto parts company’s stock worth $65,000 after purchasing an additional 477 shares during the period. Sankala Group LLC bought a new position in Dorman Products in the fourth quarter worth $47,000. Finally, NewEdge Advisors LLC lifted its position in Dorman Products by 2,481.0% in the fourth quarter. NewEdge Advisors LLC now owns 2,710 shares of the auto parts company’s stock worth $334,000 after purchasing an additional 2,605 shares during the period. 84.70% of the stock is owned by institutional investors.

Dorman Products Company Profile

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.