Dorman Products, Inc. (NASDAQ:DORM) Receives Average Rating of “Moderate Buy” from Brokerages

Dorman Products, Inc. (NASDAQ:DORM) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $157.00.

A number of equities research analysts have recently issued reports on DORM shares. Wells Fargo & Company lowered their price target on shares of Dorman Products from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, February 27th. Jefferies Financial Group raised shares of Dorman Products from a “hold” rating to a “buy” rating and lowered their price target for the stock from $159.00 to $140.00 in a report on Monday, March 2nd. Stephens reissued an “overweight” rating and issued a $150.00 price target on shares of Dorman Products in a report on Wednesday, March 18th. Barrington Research reissued an “outperform” rating and issued a $150.00 price target on shares of Dorman Products in a report on Monday, May 4th. Finally, Wall Street Zen downgraded shares of Dorman Products from a “buy” rating to a “hold” rating in a report on Saturday, February 28th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DORM. AQR Capital Management LLC increased its position in shares of Dorman Products by 37.4% in the first quarter. AQR Capital Management LLC now owns 4,220 shares of the auto parts company’s stock worth $509,000 after purchasing an additional 1,148 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in Dorman Products by 14.2% during the first quarter. Integrated Wealth Concepts LLC now owns 3,755 shares of the auto parts company’s stock valued at $453,000 after acquiring an additional 468 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Dorman Products by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,381 shares of the auto parts company’s stock valued at $1,854,000 after acquiring an additional 662 shares during the last quarter. Millennium Management LLC grew its position in Dorman Products by 74.6% during the first quarter. Millennium Management LLC now owns 33,021 shares of the auto parts company’s stock valued at $3,980,000 after acquiring an additional 14,110 shares during the last quarter. Finally, United Services Automobile Association bought a new position in Dorman Products during the first quarter valued at approximately $215,000. 84.70% of the stock is currently owned by institutional investors.

Dorman Products Price Performance

NASDAQ DORM opened at $125.66 on Monday. The company has a market cap of $3.75 billion, a PE ratio of 20.27 and a beta of 0.99. Dorman Products has a 52 week low of $98.44 and a 52 week high of $166.89. The company has a quick ratio of 1.28, a current ratio of 3.29 and a debt-to-equity ratio of 0.27. The firm’s 50-day simple moving average is $118.58 and its two-hundred day simple moving average is $119.49.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Monday, May 4th. The auto parts company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.52 by $0.05. The business had revenue of $528.77 million for the quarter, compared to the consensus estimate of $524.80 million. Dorman Products had a net margin of 8.84% and a return on equity of 17.73%. The company’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.02 earnings per share. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. Research analysts predict that Dorman Products will post 8.22 earnings per share for the current year.

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.