Dorman Products, Inc. (NASDAQ:DORM) Given Average Recommendation of “Moderate Buy” by Analysts

Dorman Products, Inc. (NASDAQ:DORM) has earned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $162.8333.

Several analysts have recently issued reports on DORM shares. Wall Street Zen cut Dorman Products from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Barrington Research restated an “outperform” rating and issued a $150.00 price target on shares of Dorman Products in a research report on Thursday, March 5th. Jefferies Financial Group raised shares of Dorman Products from a “hold” rating to a “buy” rating and decreased their price target for the company from $159.00 to $140.00 in a research note on Monday, March 2nd. Wells Fargo & Company lowered their price objective on shares of Dorman Products from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, February 27th. Finally, Zacks Research cut shares of Dorman Products from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd.

Dorman Products Trading Up 0.6%

Shares of DORM stock opened at $102.81 on Friday. The company has a current ratio of 3.09, a quick ratio of 1.14 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 15.48 and a beta of 0.92. Dorman Products has a 12-month low of $101.03 and a 12-month high of $166.89. The stock’s 50-day moving average price is $123.05 and its 200-day moving average price is $135.04.

Dorman Products (NASDAQ:DORM) last announced its quarterly earnings results on Wednesday, February 25th. The auto parts company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.02. The company had revenue of $537.93 million during the quarter, compared to analyst estimates of $573.38 million. Dorman Products had a return on equity of 19.15% and a net margin of 9.59%.The firm’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the company earned $2.20 earnings per share. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. Equities research analysts predict that Dorman Products will post 6.9 EPS for the current fiscal year.

Insider Transactions at Dorman Products

In other news, SVP Donna M. Long sold 812 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $123.75, for a total value of $100,485.00. Following the completion of the sale, the senior vice president directly owned 17,856 shares of the company’s stock, valued at $2,209,680. This trade represents a 4.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dorman Products

A number of large investors have recently made changes to their positions in the company. Corient Private Wealth LLC boosted its position in shares of Dorman Products by 7.2% during the fourth quarter. Corient Private Wealth LLC now owns 4,503 shares of the auto parts company’s stock valued at $557,000 after buying an additional 301 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in shares of Dorman Products by 954.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 527 shares of the auto parts company’s stock worth $65,000 after purchasing an additional 477 shares during the last quarter. Sankala Group LLC purchased a new position in Dorman Products in the 4th quarter worth about $47,000. NewEdge Advisors LLC lifted its holdings in Dorman Products by 2,481.0% during the 4th quarter. NewEdge Advisors LLC now owns 2,710 shares of the auto parts company’s stock valued at $334,000 after buying an additional 2,605 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in Dorman Products during the 4th quarter valued at about $1,081,000. 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.