Brokerages Set Dorman Products, Inc. (NASDAQ:DORM) PT at $157.00

Shares of Dorman Products, Inc. (NASDAQ:DORM) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $157.00.

A number of analysts have commented on DORM shares. Jefferies Financial Group upgraded Dorman Products from a “hold” rating to a “buy” rating and reduced their price target for the stock from $159.00 to $140.00 in a research report on Monday, March 2nd. Wells Fargo & Company reduced their price target on Dorman Products from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Barrington Research restated an “outperform” rating and issued a $150.00 price target on shares of Dorman Products in a research report on Monday, May 4th. Weiss Ratings restated a “hold (c)” rating on shares of Dorman Products in a research report on Thursday, June 18th. Finally, Stephens restated an “overweight” rating and issued a $150.00 price target on shares of Dorman Products in a research report on Wednesday, March 18th.

Institutional Trading of Dorman Products

Several institutional investors have recently made changes to their positions in DORM. Westfield Capital Management Co. LP purchased a new stake in shares of Dorman Products during the fourth quarter worth about $56,940,000. Victory Capital Management Inc. grew its position in shares of Dorman Products by 4,111.8% during the fourth quarter. Victory Capital Management Inc. now owns 366,087 shares of the auto parts company’s stock worth $45,098,000 after purchasing an additional 357,395 shares in the last quarter. Norges Bank purchased a new stake in shares of Dorman Products during the fourth quarter worth about $41,488,000. Clark Capital Management Group Inc. grew its position in shares of Dorman Products by 299.6% during the third quarter. Clark Capital Management Group Inc. now owns 316,961 shares of the auto parts company’s stock worth $49,408,000 after purchasing an additional 237,639 shares in the last quarter. Finally, Jennison Associates LLC grew its position in shares of Dorman Products by 22.1% during the fourth quarter. Jennison Associates LLC now owns 813,781 shares of the auto parts company’s stock worth $100,250,000 after purchasing an additional 147,233 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Dorman Products Stock Up 0.2%

Dorman Products stock opened at $134.69 on Monday. The stock has a market cap of $4.02 billion, a PE ratio of 21.72 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 has a one year low of $98.44 and a one year high of $166.89. The stock has a fifty day moving average of $120.73 and a 200 day moving average of $119.65.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Monday, May 4th. The auto parts company reported $1.57 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.05. The business had revenue of $528.77 million during the quarter, compared to analysts’ expectations of $524.80 million. Dorman Products had a return on equity of 17.73% and a net margin of 8.84%.The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.02 earnings per share. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. As a group, sell-side analysts predict that Dorman Products will post 8.22 EPS for the current 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.