Analysts Set Dorman Products, Inc. (NASDAQ:DORM) Price Target at $160.33

Dorman Products, Inc. (NASDAQ:DORM) has earned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $160.3333.

Several analysts recently commented on DORM shares. Weiss Ratings raised Dorman Products from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Wells Fargo & Company boosted their target price on shares of Dorman Products from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Roth Capital reiterated a “buy” rating on shares of Dorman Products in a research report on Wednesday, August 5th. Barrington Research reiterated an “outperform” rating and issued a $150.00 price objective on shares of Dorman Products in a report on Monday, May 4th. Finally, Zacks Research raised Dorman Products from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th.

Dorman Products Stock Performance

Shares of DORM opened at $133.70 on Tuesday. The stock has a 50-day moving average of $134.48 and a two-hundred day moving average of $122.43. The stock has a market cap of $3.97 billion, a P/E ratio of 18.52 and a beta of 0.98. Dorman Products has a one year low of $98.44 and a one year high of $166.89. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.73 and a current ratio of 3.60.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings results on Monday, August 3rd. The auto parts company reported $3.08 earnings per share for the quarter, topping the consensus estimate of $1.89 by $1.19. The company 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%. Dorman Products’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.06 EPS. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. As a group, research analysts predict that Dorman Products will post 8.65 EPS for the current year.

Insider Activity

In related news, CAO Gregory C. Bowen sold 3,531 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $145.01, for a total value of $512,030.31. Following the sale, the chief accounting officer directly owned 5,340 shares in the company, valued at approximately $774,353.40. The trade was a 39.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Dorman Products during the 2nd quarter worth about $556,542,000. Reinhart Partners LLC. acquired a new stake in Dorman Products in the second quarter valued at $93,386,000. Westfield Capital Management Co. LP purchased a new stake in Dorman Products during the fourth quarter worth approximately $56,940,000. Bank of America Corp DE purchased a new stake in shares of Dorman Products during the 2nd quarter worth approximately $57,222,000. Finally, Victory Capital Management Inc. boosted its stake 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 valued at $45,098,000 after acquiring an additional 357,395 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.