Dorman Products, Inc. (NASDAQ:DORM) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Dorman Products, Inc. (NASDAQ:DORM) have received an average recommendation of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $157.00.

A number of brokerages recently commented on DORM. Zacks Research raised Dorman Products from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Barrington Research reaffirmed an “outperform” rating and issued a $150.00 price target on shares of Dorman Products in a research note on Monday, May 4th. Wells Fargo & Company dropped their price target on Dorman Products from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, February 27th. Wall Street Zen lowered Dorman Products from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Stephens reaffirmed an “overweight” rating and issued a $150.00 price target on shares of Dorman Products in a research note on Wednesday, March 18th.

Dorman Products Price Performance

Shares of Dorman Products stock opened at $125.66 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.28 and a current ratio of 3.29. Dorman Products has a 52-week low of $98.44 and a 52-week high of $166.89. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 20.27 and a beta of 0.99. The company’s 50 day moving average price is $118.58 and its 200-day moving average price is $119.49.

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

Hedge Funds Weigh In On Dorman Products

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its position in Dorman Products by 13.5% during the first quarter. NewEdge Advisors LLC now owns 3,075 shares of the auto parts company’s stock valued at $321,000 after buying an additional 365 shares during the period. Summitry LLC lifted its position in Dorman Products by 53.2% during the first quarter. Summitry LLC now owns 2,815 shares of the auto parts company’s stock valued at $294,000 after buying an additional 978 shares during the period. Liontrust Investment Partners LLP lifted its position in Dorman Products by 7.6% during the first quarter. Liontrust Investment Partners LLP now owns 2,123 shares of the auto parts company’s stock valued at $222,000 after buying an additional 150 shares during the period. Bank of America Corp DE lifted its position in Dorman Products by 11.6% during the first quarter. Bank of America Corp DE now owns 409,983 shares of the auto parts company’s stock valued at $42,786,000 after buying an additional 42,682 shares during the period. Finally, Edgestream Partners L.P. raised its position in shares of Dorman Products by 227.0% in the 1st quarter. Edgestream Partners L.P. now owns 42,900 shares of the auto parts company’s stock worth $4,477,000 after purchasing an additional 29,782 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

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.