Dorman Products, Inc. (NASDAQ:DORM) Stock Has Consensus Target Price of $150.00

Key Points

• Analysts maintain a Moderate Buy consensus on Dorman Products, with five buy ratings and three holds. The average 12-month price target is $150, above the reported share price of $123.89.
• Dorman’s latest quarter showed adjusted strength in earnings: EPS of $3.08 exceeded the $1.89 consensus estimate, although revenue of $544.6 million fell short of the $582.24 million forecast.
• Institutional investors own a substantial 84.7% of the company, while an executive recently sold 3,531 shares at an average price of $145.01.

Shares of Dorman Products, Inc. (NASDAQ:DORM - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight research firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $150.00.

DORM has been the topic of a number of recent analyst reports. Freedom Capital cut shares of Dorman Products from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 10th. Weiss Ratings lowered shares of Dorman Products from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, September 16th. Wells Fargo & Company raised their target price on shares of Dorman Products from $155.00 to $160.00 and gave the company an "overweight" rating in a research note on Wednesday, August 5th. Finally, Roth Capital restated a "buy" rating on shares of Dorman Products in a research report on Wednesday, August 5th.

Dorman Products Trading Up 0.1%

Shares of NASDAQ:DORM opened at $123.89 on Wednesday. The company has a quick ratio of 1.73, a current ratio of 3.60 and a debt-to-equity ratio of 0.29. The company's 50-day moving average price is $130.62 and its 200 day moving average price is $123.41. The company has a market cap of $3.68 billion, a PE ratio of 17.16 and a beta of 0.99. Dorman Products has a fifty-two week low of $98.44 and a fifty-two week high of $164.00.

Dorman Products (NASDAQ:DORM - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $544.60 million for the quarter, compared to analyst estimates of $582.24 million. Dorman Products had a net margin of 10.18% and a return on equity of 19.37%. Dorman Products's revenue was up .7% compared to the same quarter last year. During the same quarter last year, the business earned $2.06 earnings per share. Dorman Products has set its FY 2026 guidance at 8.500-8.800 EPS. Sell-side analysts anticipate that Dorman Products will post 8.65 earnings per share for the current year.

Insider Activity

In related news, CAO Gregory Bowen sold 3,531 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $145.01, for a total transaction of $512,030.31. Following the transaction, the chief accounting officer owned 5,340 shares in the company, valued at $774,353.40. This trade represents a 39.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DORM. QRG Capital Management Inc. boosted its position in shares of Dorman Products by 9.5% in the 2nd quarter. QRG Capital Management Inc. now owns 2,500 shares of the auto parts company's stock valued at $341,000 after purchasing an additional 217 shares during the period. Tidal Investments LLC lifted its stake in Dorman Products by 63.8% in the 2nd quarter. Tidal Investments LLC now owns 6,595 shares of the auto parts company's stock worth $900,000 after acquiring an additional 2,568 shares in the last quarter. Nykredit A S purchased a new stake in Dorman Products in the 2nd quarter worth about $127,000. Corient Private Wealth LP lifted its position in shares of Dorman Products by 39.9% in the second quarter. Corient Private Wealth LP now owns 34,075 shares of the auto parts company's stock worth $4,650,000 after purchasing an additional 9,714 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Dorman Products in the 2nd quarter worth approximately $327,000. 84.70% of the stock is owned by institutional investors and hedge funds.

Dorman Products Company Profile

Dorman Products, Inc is an automotive parts supplier that designs, manufactures, packages and distributes replacement components for the automotive aftermarket. The company serves vehicle owners, professional repair shops and distributors with parts intended to restore or improve the performance of cars, trucks and other vehicles.

Its product portfolio includes components for vehicle chassis, suspension, steering, brakes, drivetrain, powertrain, electrical systems, heating and air conditioning, body hardware and engine systems.

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