Dorman Products (NASDAQ:DORM) Price Target Raised to $160.00

Dorman Products (NASDAQ:DORM) had its price target increased by Wells Fargo & Company from $155.00 to $160.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the auto parts company’s stock.

Several other research analysts have also recently weighed in on the company. Roth Capital reaffirmed a “buy” rating on shares of Dorman Products in a research note on Wednesday. Barrington Research reissued 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 shares of Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Finally, Zacks Research raised shares of Dorman Products from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $160.33.

Dorman Products Price Performance

Shares of NASDAQ:DORM opened at $140.91 on Wednesday. Dorman Products has a 12 month low of $98.44 and a 12 month high of $166.89. The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 19.52 and a beta of 0.98. The stock’s 50 day moving average price is $133.55 and its 200 day moving average price is $122.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.60 and a quick ratio of 1.28.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Monday, August 3rd. The auto parts company reported $3.08 earnings per share (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 during the quarter, compared to analyst estimates of $582.24 million. During the same period last year, the company posted $2.06 EPS. The firm’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. Equities research analysts anticipate that Dorman Products will post 8.65 earnings per share for the current fiscal year.

Insider Transactions at Dorman Products

In other Dorman Products news, CAO Gregory C. Bowen sold 3,531 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was 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 in the company, valued at approximately $774,353.40. This trade represents a 39.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 7.70% of the company’s stock.

Institutional Trading of Dorman Products

Several institutional investors have recently made changes to their positions in DORM. Coldstream Capital Management Inc. grew its position in Dorman Products by 3.7% in the third quarter. Coldstream Capital Management Inc. now owns 2,696 shares of the auto parts company’s stock valued at $420,000 after acquiring an additional 97 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of Dorman Products by 2.6% during the second quarter. Corient Private Wealth LLC now owns 3,842 shares of the auto parts company’s stock valued at $471,000 after acquiring an additional 99 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Dorman Products by 6.4% during the third quarter. Mackenzie Financial Corp now owns 1,740 shares of the auto parts company’s stock valued at $271,000 after acquiring an additional 105 shares during the period. Keybank National Association OH boosted its stake in shares of Dorman Products by 1.5% in the 1st quarter. Keybank National Association OH now owns 7,101 shares of the auto parts company’s stock valued at $741,000 after purchasing an additional 106 shares in the last quarter. Finally, Huntington National Bank boosted its stake in shares of Dorman Products by 12.8% in the 4th quarter. Huntington National Bank now owns 981 shares of the auto parts company’s stock valued at $121,000 after purchasing an additional 111 shares in the last quarter. 84.70% of the stock is currently owned by institutional investors and hedge funds.

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.