Dorman Products, Inc. (NASDAQ:DORM) Stock Has Consensus Price Target of $147.50 According to Analysts

Dorman Products, Inc. (NASDAQ:DORM) has earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $147.50.

DORM has been the subject of a number of research analyst reports. Roth Capital reissued a “buy” rating on shares of Dorman Products in a research note on Wednesday, August 5th. Wells Fargo & Company dropped their price objective on Dorman Products from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Friday. Weiss Ratings raised Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Finally, Freedom Capital lowered Dorman Products from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th.

Insider Buying and Selling at Dorman Products

In other news, CAO Gregory Bowen sold 3,531 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $145.01, for a total transaction of $512,030.31. Following the completion of the sale, the chief accounting officer directly owned 5,340 shares of the company’s stock, valued at approximately $774,353.40. The trade was a 39.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in Dorman Products in the second quarter worth approximately $556,542,000. Reinhart Partners LLC. purchased a new position in Dorman Products during the 2nd quarter worth $93,386,000. Bank of America Corp DE purchased a new position in Dorman Products during the 2nd quarter worth $57,222,000. American Capital Management Inc. bought a new stake in Dorman Products during the 2nd quarter valued at $38,785,000. Finally, Bank of New York Mellon Corp bought a new stake in Dorman Products during the 2nd quarter valued at $22,598,000. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Dorman Products Stock Down 1.8%

Shares of NASDAQ:DORM opened at $125.24 on Friday. Dorman Products has a 1 year low of $98.44 and a 1 year high of $164.00. The business has a 50 day simple moving average of $125.94 and a two-hundred day simple moving average of $125.78. The firm has a market capitalization of $3.72 billion, a PE ratio of 17.35 and a beta of 1.02. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.60 and a quick ratio of 1.73.

Dorman Products (NASDAQ:DORM) last released its earnings results on Monday, August 3rd. The auto parts company reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $1.19. Dorman Products had a return on equity of 19.37% and a net margin of 10.18%. The firm had revenue of $544.60 million for the quarter, compared to analysts’ expectations of $582.24 million. During the same quarter in the prior year, the firm posted $2.06 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. On average, equities analysts predict that Dorman Products will post 8.65 EPS for the current year.

Dorman Products Company Profile

Dorman Products, Inc develops, manufactures and distributes replacement and upgrade parts for automobiles, light-, medium- and heavy-duty trucks, and other vehicles. Its products are sold primarily through the automotive aftermarket, serving professional repair shops, retailers, distributors, e-commerce channels and do-it-yourself consumers.

The company offers a broad range of products, including engine, transmission, cooling, electrical, steering, suspension, braking, chassis and body components.