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

Dorman Products, Inc. (NASDAQ:DORM) has been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $159.50.

A number of equities analysts recently weighed in on the company. Barrington Research reissued an “outperform” rating and set a $150.00 price objective on shares of Dorman Products in a report on Monday, May 4th. Wells Fargo & Company increased their price target on shares of Dorman Products from $140.00 to $155.00 and gave the company an “overweight” rating in a research report on Tuesday. Zacks Research raised shares of Dorman Products from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Weiss Ratings upgraded shares of Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th.

Institutional Trading of Dorman Products

Several hedge funds have recently added to or reduced their stakes in DORM. AQR Capital Management LLC increased its holdings in shares of Dorman Products by 37.4% in the first quarter. AQR Capital Management LLC now owns 4,220 shares of the auto parts company’s stock worth $509,000 after buying an additional 1,148 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in Dorman Products by 14.2% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,755 shares of the auto parts company’s stock valued at $453,000 after acquiring an additional 468 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Dorman Products by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,381 shares of the auto parts company’s stock worth $1,854,000 after acquiring an additional 662 shares during the last quarter. Millennium Management LLC grew its position in Dorman Products by 74.6% during the 1st quarter. Millennium Management LLC now owns 33,021 shares of the auto parts company’s stock worth $3,980,000 after acquiring an additional 14,110 shares during the last quarter. Finally, United Services Automobile Association purchased a new position in Dorman Products in the 1st quarter worth approximately $215,000. 84.70% of the stock is owned by institutional investors.

Dorman Products Stock Down 1.9%

DORM opened at $132.35 on Friday. The stock has a market cap of $3.95 billion, a PE ratio of 21.35 and a beta of 0.97. The company has a quick ratio of 1.28, a current ratio of 3.29 and a debt-to-equity ratio of 0.27. Dorman Products has a 52 week low of $98.44 and a 52 week high of $166.89. The business’s fifty day simple moving average is $129.39 and its 200 day simple moving average is $121.18.

Dorman Products (NASDAQ:DORM) last issued its quarterly 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 return on equity of 17.73% and a net margin of 8.84%.The firm had revenue of $528.77 million during the quarter, compared to analyst estimates of $524.80 million. During the same quarter in the previous year, the company posted $2.02 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. Dorman Products has set its FY 2026 guidance at 8.100-8.500 EPS. As a group, research analysts expect that Dorman Products will post 8.22 earnings per share for the current fiscal year.

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.