Dorman Products, Inc. (NASDAQ:DORM) Stock Has Consensus Price Target of $150.00

Shares of Dorman Products, Inc. (NASDAQ:DORM) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $150.00.

Several brokerages have recently issued reports on DORM. Wells Fargo & Company boosted their price objective on Dorman Products from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Weiss Ratings lowered shares of Dorman Products from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, September 16th. Freedom Capital cut shares of Dorman Products from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Finally, Roth Capital reissued a “buy” rating on shares of Dorman Products in a research note on Wednesday, August 5th.

Insider Transactions at Dorman Products

In other Dorman Products news, CAO Gregory Bowen sold 3,531 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $145.01, for a total transaction of $512,030.31. Following the completion of the transaction, the chief accounting officer directly owned 5,340 shares in the company, valued at approximately $774,353.40. This represents a 39.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 7.70% of the company’s stock.

Institutional Investors Weigh In On Dorman Products

Institutional investors have recently bought and sold shares of the company. Allworth Financial LP purchased a new position in Dorman Products in the second quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Dorman Products during the 2nd quarter worth about $26,000. Public Employees Retirement System of Ohio purchased a new stake in Dorman Products in the 2nd quarter valued at about $47,000. Sankala Group LLC acquired a new position in Dorman Products in the fourth quarter valued at about $47,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Dorman Products by 954.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 527 shares of the auto parts company’s stock worth $65,000 after buying an additional 477 shares during the period. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Dorman Products Stock Performance

DORM opened at $123.06 on Wednesday. Dorman Products has a 12-month low of $98.44 and a 12-month high of $164.00. The company has a current ratio of 3.60, a quick ratio of 1.73 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $3.65 billion, a PE ratio of 17.04 and a beta of 1.02. The firm has a 50 day moving average of $129.96 and a two-hundred day moving average of $123.69.

Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Monday, August 3rd. The auto parts company reported $3.08 EPS for the quarter, beating the consensus estimate of $1.89 by $1.19. The business had revenue of $544.60 million for the quarter, compared to the consensus estimate of $582.24 million. Dorman Products had a net margin of 10.18% and a return on equity of 19.37%. The business’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.06 EPS. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. On average, analysts anticipate that Dorman Products will post 8.65 EPS for the current year.

About Dorman Products

Dorman Products, Inc (NASDAQ:DORM) is a supplier of replacement parts and products for the automotive aftermarket. The company develops, packages and distributes components designed to help repair and maintain passenger cars, light trucks and other vehicles, offering alternatives to original-equipment parts.

Its product portfolio includes underhood and undercar components, chassis and suspension parts, electrical components, heating and cooling products, drivetrain parts, body hardware, automotive lighting and repair hardware.