Dorman Products (NASDAQ:DORM) Price Target Raised to $155.00

Dorman Products (NASDAQ:DORM) had its price objective boosted by Wells Fargo & Company from $140.00 to $155.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the auto parts company’s stock.

A number of other research analysts also recently issued reports on DORM. Barrington Research reiterated an “outperform” rating and issued a $150.00 price target on shares of Dorman Products in a report on Monday, May 4th. Weiss Ratings upgraded Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Finally, Zacks Research raised Dorman Products from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $159.50.

Dorman Products Price Performance

Shares of DORM opened at $132.35 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.28 and a current ratio of 3.29. The company has a 50 day moving average price of $129.39 and a 200-day moving average price of $121.18. Dorman Products has a fifty-two week low of $98.44 and a fifty-two week high of $166.89. The stock has a market capitalization of $3.95 billion, a PE ratio of 21.35 and a beta of 0.97.

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

Institutional Investors Weigh In On Dorman Products

Several institutional investors have recently bought and sold shares of DORM. Reinhart Partners LLC. acquired a new position in Dorman Products during the 2nd quarter valued at about $93,386,000. Westfield Capital Management Co. LP acquired a new stake in Dorman Products in the fourth quarter worth about $56,940,000. Victory Capital Management Inc. boosted its holdings in Dorman Products by 4,111.8% in the fourth quarter. Victory Capital Management Inc. now owns 366,087 shares of the auto parts company’s stock worth $45,098,000 after acquiring an additional 357,395 shares in the last quarter. Norges Bank purchased a new stake in shares of Dorman Products during the fourth quarter worth about $41,488,000. Finally, Jennison Associates LLC grew its stake in shares of Dorman Products by 22.1% during the fourth quarter. Jennison Associates LLC now owns 813,781 shares of the auto parts company’s stock worth $100,250,000 after acquiring an additional 147,233 shares during the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

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.