Dorman Products (NASDAQ:DORM) Price Target Lowered to $140.00 at Wells Fargo & Company

Dorman Products (NASDAQ:DORM) had its price target decreased by equities research analysts at Wells Fargo & Company from $150.00 to $140.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the auto parts company’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 19.85% from the stock’s previous close.

Several other equities analysts also recently commented on the company. Wall Street Zen downgraded Dorman Products from a “buy” rating to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings downgraded shares of Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.75.

Dorman Products Trading Up 0.2%

Shares of Dorman Products stock traded up $0.26 during trading on Friday, hitting $116.81. The stock had a trading volume of 70,209 shares, compared to its average volume of 193,245. The stock has a market cap of $3.57 billion, a PE ratio of 17.63 and a beta of 0.92. Dorman Products has a 12 month low of $106.95 and a 12 month high of $166.89. The firm’s fifty day simple moving average is $126.34 and its 200-day simple moving average is $138.40. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.94 and a quick ratio of 1.19.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings data on Wednesday, February 25th. The auto parts company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.02. Dorman Products had a net margin of 9.59% and a return on equity of 19.39%. The business had revenue of $537.93 million during the quarter, compared to the consensus estimate of $573.38 million. During the same quarter last year, the firm earned $2.20 earnings per share. The firm’s quarterly 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. As a group, sell-side analysts expect that Dorman Products will post 6.9 EPS for the current fiscal year.

Insider Buying and Selling at Dorman Products

In other Dorman Products news, insider John Mcknight sold 2,000 shares of the firm’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $128.80, for a total value of $257,600.00. Following the completion of the sale, the insider owned 9,112 shares of the company’s stock, valued at approximately $1,173,625.60. This trade represents a 18.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Donna M. Long sold 812 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $123.75, for a total transaction of $100,485.00. Following the transaction, the senior vice president owned 17,856 shares in the company, valued at $2,209,680. The trade was a 4.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 8.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. AQR Capital Management LLC lifted its stake in Dorman Products by 37.4% during the 1st quarter. AQR Capital Management LLC now owns 4,220 shares of the auto parts company’s stock valued at $509,000 after acquiring an additional 1,148 shares during the period. Integrated Wealth Concepts LLC lifted 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 purchasing an additional 468 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 purchasing an additional 662 shares during the last quarter. Millennium Management LLC boosted its holdings in 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 purchasing an additional 14,110 shares during the last quarter. Finally, United Services Automobile Association purchased a new stake in Dorman Products in the first quarter valued at $215,000. 84.70% of the stock is currently owned by hedge funds and other institutional investors.

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.