Stephens Reaffirms “Overweight” Rating for Dorman Products (NASDAQ:DORM)

Dorman Products (NASDAQ:DORM)‘s stock had its “overweight” rating reissued by investment analysts at Stephens in a research note issued on Wednesday,Benzinga reports. They currently have a $150.00 target price on the auto parts company’s stock. Stephens’ price target points to a potential upside of 46.48% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on the stock. Zacks Research cut shares of Dorman Products from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Wall Street Zen lowered shares of Dorman Products from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Barrington Research reissued an “outperform” rating and set a $150.00 target price on shares of Dorman Products in a research note on Thursday, March 5th. Wells Fargo & Company dropped their price target on shares of Dorman Products from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. Finally, Weiss Ratings cut shares of Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, January 30th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $157.00.

Dorman Products Stock Performance

Shares of NASDAQ DORM opened at $102.40 on Wednesday. Dorman Products has a 12-month low of $98.44 and a 12-month high of $166.89. The company has a market cap of $3.09 billion, a PE ratio of 15.42 and a beta of 0.92. The stock has a 50 day simple moving average of $121.15 and a 200-day simple moving average of $133.35. 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 (NASDAQ:DORM) last posted its 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. Dorman Products had a return on equity of 19.15% and a net margin of 9.59%.The firm had revenue of $537.93 million for the quarter, compared to analysts’ expectations of $573.38 million. During the same period last year, the firm earned $2.20 EPS. The firm’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. On average, equities research analysts forecast that Dorman Products will post 6.9 EPS for the current year.

Insider Transactions at Dorman Products

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

Hedge Funds Weigh In On Dorman Products

A number of hedge funds have recently modified their holdings of the stock. Hillsdale Investment Management Inc. increased its stake in Dorman Products by 34.8% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 44,960 shares of the auto parts company’s stock worth $5,515,000 after purchasing an additional 11,600 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Dorman Products by 15.6% during the third quarter. Envestnet Asset Management Inc. now owns 190,530 shares of the auto parts company’s stock valued at $29,700,000 after buying an additional 25,710 shares in the last quarter. First National Bank of Omaha acquired a new position in shares of Dorman Products in the third quarter worth about $5,099,000. Capital Fund Management S.A. acquired a new position in shares of Dorman Products in the second quarter worth about $1,423,000. Finally, Tributary Capital Management LLC increased its position in shares of Dorman Products by 90.5% in the third quarter. Tributary Capital Management LLC now owns 234,388 shares of the auto parts company’s stock worth $36,536,000 after acquiring an additional 111,380 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

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.