Dorman Products, Inc. (NASDAQ:DORM) Receives $180.50 Average Price Target from Analysts

Shares of Dorman Products, Inc. (NASDAQ:DORM) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $180.50.

A number of equities research analysts have weighed in on the company. Zacks Research cut Dorman Products from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Weiss Ratings cut shares of Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, January 30th. Finally, Wall Street Zen downgraded shares of Dorman Products from a “buy” rating to a “hold” rating in a research report on Friday, January 23rd.

Insider Activity at Dorman Products

In other Dorman Products news, insider John Mcknight sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $128.80, for a total transaction of $257,600.00. Following the completion of the sale, the insider directly owned 9,112 shares of the company’s stock, valued at $1,173,625.60. This represents a 18.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Donna M. Long sold 812 shares of Dorman Products stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $123.75, for a total value of $100,485.00. Following the completion of the transaction, the senior vice president owned 17,856 shares in the company, valued at $2,209,680. This trade represents a 4.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 8.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dorman Products

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Dorman Products by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 3,061,577 shares of the auto parts company’s stock valued at $477,239,000 after acquiring an additional 9,811 shares in the last quarter. State Street Corp increased its stake in shares of Dorman Products by 0.7% during the 4th quarter. State Street Corp now owns 1,061,708 shares of the auto parts company’s stock worth $130,792,000 after purchasing an additional 7,846 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Dorman Products by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,047,699 shares of the auto parts company’s stock worth $129,072,000 after purchasing an additional 21,868 shares during the last quarter. Jennison Associates LLC lifted its stake in Dorman Products by 22.1% in the 4th quarter. Jennison Associates LLC now owns 813,781 shares of the auto parts company’s stock valued at $100,250,000 after buying an additional 147,233 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Dorman Products by 6.7% in the 2nd quarter. Invesco Ltd. now owns 812,031 shares of the auto parts company’s stock valued at $99,612,000 after buying an additional 51,257 shares in the last quarter. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

Dorman Products Stock Performance

Shares of DORM stock opened at $129.69 on Tuesday. The stock’s 50-day moving average is $126.80 and its two-hundred day moving average is $138.88. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.19 and a current ratio of 2.94. Dorman Products has a 1 year low of $106.95 and a 1 year high of $166.89. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 16.15 and a beta of 0.92.

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.