Wells Fargo & Company Forecasts Strong Price Appreciation for Dorman Products (NASDAQ:DORM) Stock

Dorman Products (NASDAQ:DORM) had its price objective raised by analysts at Wells Fargo & Company from $140.00 to $155.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the auto parts company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 11.69% from the stock’s current price.

DORM has been the topic of several other reports. Barrington Research reissued an “outperform” rating and issued a $150.00 target price on shares of Dorman Products in a research report on Monday, May 4th. Zacks Research raised shares of Dorman Products from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Weiss Ratings upgraded shares of Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $159.50.

Dorman Products Trading Up 0.8%

NASDAQ DORM traded up $1.11 during trading hours on Tuesday, hitting $138.78. 179,884 shares of the company’s stock were exchanged, compared to its average volume of 255,658. The business’s 50 day moving average is $128.43 and its 200-day moving average is $120.94. Dorman Products has a 12-month low of $98.44 and a 12-month high of $166.89. The firm has a market capitalization of $4.15 billion, a P/E ratio of 22.25 and a beta of 0.97. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.28 and a current ratio of 3.29.

Dorman Products (NASDAQ:DORM) last posted its quarterly earnings results 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 company had revenue of $528.77 million during the quarter, compared to analysts’ expectations of $524.80 million. Dorman Products had a return on equity of 17.73% and a net margin of 8.84%.The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.02 EPS. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. As a group, analysts anticipate that Dorman Products will post 8.22 EPS for the current fiscal year.

Institutional Trading of Dorman Products

A number of institutional investors have recently added to or reduced their stakes in DORM. AQR Capital Management LLC raised its position in 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 valued at $509,000 after purchasing an additional 1,148 shares during the period. Integrated Wealth Concepts LLC boosted its position in shares of Dorman Products by 14.2% in the first quarter. Integrated Wealth Concepts LLC now owns 3,755 shares of the auto parts company’s stock worth $453,000 after buying an additional 468 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Dorman Products by 4.5% in 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 buying an additional 662 shares in the last quarter. Millennium Management LLC grew its stake in shares of Dorman Products by 74.6% in the first quarter. Millennium Management LLC now owns 33,021 shares of the auto parts company’s stock valued at $3,980,000 after buying an additional 14,110 shares in the last quarter. Finally, United Services Automobile Association acquired a new stake in shares of Dorman Products in the first quarter valued at about $215,000. 84.70% of the stock is owned by hedge funds and other institutional investors.

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.