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

Key Points

• Dorman Products, Inc. has received an average recommendation of "Buy" from analysts, with the majority issuing buy or strong buy ratings and a target price averaging $175.00.
• Recent transactions involved insider selling, with senior executives selling shares and reducing their stakes, representing a total valuation of over $336,000.
• The company reported strong quarterly earnings, exceeding estimates with $2.06 EPS and $540.96 million in revenue, signaling growth with a year-over-year revenue increase of 7.6%.

Shares of Dorman Products, Inc. (NASDAQ:DORM - Get Free Report) have been assigned an average recommendation of "Buy" from the seven ratings firms that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $175.00.

DORM has been the topic of several recent analyst reports. Wells Fargo & Company initiated coverage on shares of Dorman Products in a research note on Friday, August 22nd. They issued an "overweight" rating and a $175.00 target price on the stock. Weiss Ratings upgraded shares of Dorman Products from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, October 8th. Roth Capital boosted their target price on Dorman Products to $182.00 and gave the stock a "buy" rating in a report on Tuesday, August 26th. Wall Street Zen downgraded Dorman Products from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 9th. Finally, BMO Capital Markets initiated coverage on Dorman Products in a report on Thursday, September 18th. They issued an "outperform" rating and a $180.00 target price on the stock.

Insider Buying and Selling

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

Hedge Funds Weigh In On Dorman Products

Several large investors have recently made changes to their positions in DORM. GAMMA Investing LLC lifted its stake in shares of Dorman Products by 40.8% during the first quarter. GAMMA Investing LLC now owns 945 shares of the auto parts company's stock valued at $114,000 after acquiring an additional 274 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Dorman Products by 3.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,469 shares of the auto parts company's stock valued at $298,000 after purchasing an additional 90 shares during the period. Ritholtz Wealth Management lifted its position in Dorman Products by 315.4% during the 1st quarter. Ritholtz Wealth Management now owns 14,926 shares of the auto parts company's stock valued at $1,799,000 after purchasing an additional 11,333 shares during the period. QRG Capital Management Inc. lifted its holdings in Dorman Products by 7.7% in the first quarter. QRG Capital Management Inc. now owns 1,836 shares of the auto parts company's stock valued at $221,000 after buying an additional 131 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Dorman Products by 42.5% in the first quarter. Blue Trust Inc. now owns 503 shares of the auto parts company's stock valued at $61,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 84.70% of the company's stock.

Dorman Products Stock Up 1.2%

NASDAQ DORM opened at $140.06 on Wednesday. The company has a current ratio of 2.74, a quick ratio of 1.21 and a debt-to-equity ratio of 0.31. The stock's 50 day moving average is $154.47 and its two-hundred day moving average is $133.23. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 19.06 and a beta of 0.84. Dorman Products has a 1-year low of $106.95 and a 1-year high of $166.89.

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

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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