Wells Fargo & Company Cuts Dorman Products (NASDAQ:DORM) Price Target to $140.00

Dorman Products (NASDAQ:DORM) had its target price decreased by Wells Fargo & Company from $150.00 to $140.00 in a research report released on Friday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the auto parts company’s stock.

Other equities research analysts also recently issued research reports about the company. Wall Street Zen downgraded Dorman Products from a “buy” rating to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings lowered shares of Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Dorman Products presently has an average rating of “Moderate Buy” and a consensus price target of $171.75.

Dorman Products Stock Performance

NASDAQ:DORM opened at $117.86 on Friday. The company’s 50-day moving average is $126.17 and its two-hundred day moving average is $138.02. Dorman Products has a 1-year low of $106.95 and a 1-year high of $166.89. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.09 and a quick ratio of 1.14. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of 17.75 and a beta of 0.92.

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

Insiders Place Their Bets

In related news, SVP Donna M. Long sold 812 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $123.75, for a total value of $100,485.00. Following the sale, the senior vice president owned 17,856 shares in the company, valued at approximately $2,209,680. The trade was a 4.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Mcknight sold 2,000 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $128.80, for a total value of $257,600.00. Following the transaction, the insider directly owned 9,112 shares in the company, valued at approximately $1,173,625.60. The trade was a 18.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 8.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DORM. Private Trust Co. NA increased its holdings in shares of Dorman Products by 101.2% in the 3rd quarter. Private Trust Co. NA now owns 165 shares of the auto parts company’s stock valued at $26,000 after acquiring an additional 83 shares during the last quarter. Salem Investment Counselors Inc. purchased a new stake in Dorman Products during the third quarter worth approximately $27,000. Salomon & Ludwin LLC acquired a new position in Dorman Products in the third quarter valued at approximately $29,000. EverSource Wealth Advisors LLC increased its stake in Dorman Products by 594.1% in the second quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 202 shares during the last quarter. Finally, Miller Capital Partners Inc. acquired a new position in shares of Dorman Products in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 84.70% of the company’s stock.

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.