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

Dorman Products, Inc. (NASDAQ:DORM) has earned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat reports. One equities research 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 1-year price objective among analysts that have updated their coverage on the stock in the last year is $157.00.

A number of equities research analysts recently issued reports on DORM shares. Jefferies Financial Group upgraded shares of Dorman Products from a “hold” rating to a “buy” rating and lowered their target price for the company from $159.00 to $140.00 in a report on Monday, March 2nd. Weiss Ratings lowered shares of Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, January 30th. Zacks Research cut shares of Dorman Products from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Stephens restated an “overweight” rating and set a $150.00 price objective on shares of Dorman Products in a report on Wednesday. Finally, Wall Street Zen lowered Dorman Products from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th.

Dorman Products Stock Performance

NASDAQ DORM opened at $100.92 on Friday. The business’s 50-day moving average price is $121.67 and its 200 day moving average price is $133.57. The company has a current ratio of 3.09, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27. Dorman Products has a twelve month low of $99.01 and a twelve month high of $166.89. The company has a market capitalization of $3.05 billion, a PE ratio of 15.20 and a beta of 0.92.

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

Insider Buying and Selling

In other Dorman Products news, SVP Donna M. Long sold 947 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was 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 $2,068,924.11. This represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.90% of the stock is owned by corporate insiders.

Institutional Trading of Dorman Products

A number of institutional investors have recently modified their holdings of the company. Private Trust Co. NA raised its holdings in Dorman Products by 101.2% in the third quarter. Private Trust Co. NA now owns 165 shares of the auto parts company’s stock valued at $26,000 after buying an additional 83 shares during the period. 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 stake in shares of Dorman Products in the third quarter worth $29,000. EverSource Wealth Advisors LLC raised its stake in shares of Dorman Products by 594.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company’s stock valued at $29,000 after acquiring an additional 202 shares during the period. Finally, Quent Capital LLC purchased a new position in shares of Dorman Products in the 3rd quarter valued at $38,000. Hedge funds and other institutional investors 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.