Dorman Products' (DORM) "Buy (B-)" Rating Reiterated at Weiss Ratings

Key Points

• Dorman Products has had its "Buy (B-)" rating reaffirmed by Weiss Ratings, indicating strong confidence from analysts.
• Analysts predict an average target price for Dorman Products of $175.00, with several firms giving it ratings ranging from "buy" to "strong-buy."
• The company reported better-than-expected quarterly earnings, with earnings per share at $2.06, surpassing estimates and achieving a year-over-year revenue increase of 7.6%.

Dorman Products (NASDAQ:DORM - Get Free Report)'s stock had its "buy (b-)" rating reaffirmed by investment analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

DORM has been the subject of a number of other reports. BMO Capital Markets assumed coverage on shares of Dorman Products in a research note on Thursday, September 18th. They set an "outperform" rating and a $180.00 price objective for the company. Wells Fargo & Company assumed coverage on shares of Dorman Products in a research note on Friday, August 22nd. They set an "overweight" rating and a $175.00 price objective for the company. Wall Street Zen raised shares of Dorman Products from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 18th. Stephens began coverage on shares of Dorman Products in a research note on Tuesday, September 30th. They set an "overweight" rating and a $185.00 price objective for the company. Finally, Zacks Research raised shares of Dorman Products from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to data from MarketBeat, Dorman Products presently has an average rating of "Buy" and an average target price of $175.00.

Dorman Products Trading Up 1.8%

Shares of DORM opened at $158.03 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.74 and a quick ratio of 1.21. The firm has a 50 day simple moving average of $154.74 and a 200-day simple moving average of $134.79. Dorman Products has a 1-year low of $106.95 and a 1-year high of $166.89. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 21.50 and a beta of 0.84.

Dorman Products (NASDAQ:DORM - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.06 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.30. Dorman Products had a net margin of 10.83% and a return on equity of 19.23%. The business had revenue of $540.96 million during the quarter, compared to analysts' expectations of $517.13 million. During the same period last year, the company posted $1.67 EPS. The company's revenue was up 7.6% on a year-over-year basis. Dorman Products has set its FY 2025 guidance at 8.600-8.900 EPS. Equities analysts forecast that Dorman Products will post 6.9 EPS for the current fiscal year.

Insider Activity at Dorman Products

In other Dorman Products news, CAO Gregory C. Bowen sold 1,453 shares of Dorman Products stock in a transaction on Friday, September 12th. The shares were sold at an average price of $162.81, for a total value of $236,562.93. Following the transaction, the chief accounting officer owned 4,659 shares in the company, valued at $758,531.79. This trade represents a 23.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Donna M. Long sold 820 shares of Dorman Products stock in a transaction on Monday, July 28th. The shares were sold at an average price of $122.21, for a total transaction of $100,212.20. Following the completion of the transaction, the senior vice president owned 19,074 shares in the company, valued at approximately $2,331,033.54. This trade represents a 4.12% decrease in their position. The disclosure for this sale can be found here. 8.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dorman Products

A number of hedge funds have recently made changes to their positions in DORM. Private Trust Co. NA boosted its holdings in shares of Dorman Products by 101.2% in the 3rd quarter. Private Trust Co. NA now owns 165 shares of the auto parts company's stock valued at $26,000 after purchasing an additional 83 shares during the last quarter. Salem Investment Counselors Inc. acquired a new position in shares of Dorman Products in the 3rd quarter valued at $27,000. Salomon & Ludwin LLC acquired a new position in shares of Dorman Products in the 3rd quarter valued at $29,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Dorman Products by 594.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 236 shares of the auto parts company's stock valued at $29,000 after purchasing an additional 202 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Dorman Products by 961.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 329 shares of the auto parts company's stock valued at $40,000 after purchasing an additional 298 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company's stock.

Dorman Products Company Profile

Dorman Products, Inc supplies replacement and upgrade parts for passenger cars, light trucks, medium- and heavy-duty trucks, utility terrain vehicles, and all-terrain vehicles in the motor vehicle aftermarket industry in the United States and internationally. It offers engine products, including intake and exhaust manifolds, fans, thermostat housings, and throttle bodies; undercar products comprising fluid lines, fluid reservoirs, connectors, 4-wheel drive components and axles, drain plugs, other engine, and transmission and axle components; steering and suspension products consist of control arms, ball joints, tie-rod ends, brake hardware and hydraulics, wheel and axle hardware, suspension arms, knuckles, links, bushings, and leaf springs, as well as other suspension, steering, and brake components; body products, such as door handles and hinges, window lift motors, window regulators, switches and handles, wiper components, lighting, electrical, and other interior and exterior vehicle body components, including windshields for UTVs; electronics products comprise new and remanufactured modules, clusters and sensors; and hardware products, such as threaded bolts and auto body fasteners, automotive and home electrical wiring components, and other hardware assortments and merchandise.

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