Dorman Products, Inc. (NASDAQ:DORM) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Dorman Products, Inc. (NASDAQ:DORM) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $157.00.

DORM has been the topic of several recent research reports. Weiss Ratings lowered shares of Dorman Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, January 30th. Jefferies Financial Group raised shares of Dorman Products from a “hold” rating to a “buy” rating and cut their price objective for the company from $159.00 to $140.00 in a research report on Monday, March 2nd. Wall Street Zen lowered shares of Dorman Products from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Stephens reaffirmed an “overweight” rating and set a $150.00 price objective on shares of Dorman Products in a research report on Wednesday, March 18th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Dorman Products in a research report on Thursday, March 5th.

Insider Buying and Selling

In other Dorman Products news, SVP Donna M. Long sold 947 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $103.07, for a total transaction of $97,607.29. Following the transaction, the senior vice president owned 20,073 shares in the company, valued at $2,068,924.11. This trade represents a 4.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 8.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dorman Products

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Dorman Products by 0.3% during the third quarter. Vanguard Group Inc. now owns 3,061,577 shares of the auto parts company’s stock valued at $477,239,000 after purchasing an additional 9,811 shares during the last quarter. State Street Corp grew its holdings in Dorman Products by 0.7% during the fourth quarter. State Street Corp now owns 1,061,708 shares of the auto parts company’s stock valued at $130,792,000 after purchasing an additional 7,846 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Dorman Products by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,047,699 shares of the auto parts company’s stock valued at $129,072,000 after purchasing an additional 21,868 shares during the last quarter. Jennison Associates LLC grew its holdings in Dorman Products by 22.1% during the fourth quarter. Jennison Associates LLC now owns 813,781 shares of the auto parts company’s stock valued at $100,250,000 after purchasing an additional 147,233 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Dorman Products by 6.7% during the second quarter. Invesco Ltd. now owns 812,031 shares of the auto parts company’s stock valued at $99,612,000 after purchasing an additional 51,257 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company’s stock.

Dorman Products Price Performance

NASDAQ DORM opened at $101.24 on Wednesday. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 15.25 and a beta of 0.96. The company has a 50 day simple moving average of $115.26 and a 200-day simple moving average of $127.71. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.09 and a quick ratio of 1.14. Dorman Products has a 52-week low of $98.44 and a 52-week high of $166.89.

Dorman Products (NASDAQ:DORM) last issued its quarterly earnings data on Wednesday, February 25th. The auto parts company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.02. The firm had revenue of $537.93 million for the quarter, compared to analyst estimates of $573.38 million. Dorman Products had a net margin of 9.59% and a return on equity of 19.15%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm earned $2.20 earnings per share. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. Equities research analysts predict that Dorman Products will post 6.9 earnings per share for the current fiscal year.

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.