Dorman Products, Inc. (NASDAQ:DORM) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Dorman Products, with six buy ratings and three holds. The average 12-month price target is $156, compared with the stock’s recent price of $131.30.
• Dorman reported quarterly EPS of $3.08, exceeding the $1.89 consensus estimate, while revenue of $544.6 million fell short of expectations but increased 0.7% year over year.
• Institutional investors own 84.7% of the company, with several hedge funds increasing their positions; meanwhile, Chief Accounting Officer Gregory Bowen sold shares worth approximately $512,000.

Shares of Dorman Products, Inc. (NASDAQ:DORM - Get Free Report) have been given a consensus rating of "Moderate Buy" by the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Three 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 target among brokerages that have issued ratings on the stock in the last year is $156.00.

A number of research analysts have recently commented on DORM shares. Weiss Ratings raised shares of Dorman Products from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, July 10th. Roth Capital reaffirmed a "buy" rating on shares of Dorman Products in a report on Wednesday, August 5th. Zacks Research upgraded shares of Dorman Products from a "strong sell" rating to a "hold" rating in a research note on Friday, May 15th. Freedom Capital cut Dorman Products from a "strong-buy" rating to a "hold" rating in a report on Monday, August 10th. Finally, Wells Fargo & Company boosted their price target on Dorman Products from $155.00 to $160.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th.

Insider Buying and Selling

In other news, CAO Gregory Bowen sold 3,531 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $145.01, for a total value of $512,030.31. Following the transaction, the chief accounting officer owned 5,340 shares of the company's stock, valued at approximately $774,353.40. This represents a 39.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 7.70% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC raised its position in shares of Dorman Products by 37.4% in the 1st quarter. AQR Capital Management LLC now owns 4,220 shares of the auto parts company's stock valued at $509,000 after buying an additional 1,148 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of 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 worth $453,000 after acquiring an additional 468 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Dorman Products by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,381 shares of the auto parts company's stock valued at $1,854,000 after acquiring an additional 662 shares during the last quarter. Millennium Management LLC increased its stake in Dorman Products by 74.6% in the first quarter. Millennium Management LLC now owns 33,021 shares of the auto parts company's stock valued at $3,980,000 after acquiring an additional 14,110 shares during the last quarter. Finally, United Services Automobile Association acquired a new position in Dorman Products during the first quarter valued at approximately $215,000. 84.70% of the stock is owned by institutional investors.

Dorman Products Stock Performance

Shares of DORM stock opened at $131.30 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.73 and a current ratio of 3.60. The company has a market capitalization of $3.90 billion, a P/E ratio of 18.19 and a beta of 0.99. The company's 50 day moving average price is $135.16 and its two-hundred day moving average price is $122.69. Dorman Products has a 52 week low of $98.44 and a 52 week high of $166.89.

Dorman Products (NASDAQ:DORM - Get Free Report) last posted 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. Dorman Products had a net margin of 10.18% and a return on equity of 19.37%. The business had revenue of $544.60 million for the quarter, compared to analysts' expectations of $582.24 million. During the same period in the previous year, the firm posted $2.06 EPS. The firm's revenue was up .7% compared to the same quarter last year. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. On average, analysts expect that Dorman Products will post 8.65 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.

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