Analysts Set Dorman Products, Inc. (NASDAQ:DORM) Target Price at $172.50

Key Points

• Dorman Products has received a consensus rating of "Buy" from analysts, with four firms giving a buy recommendation and one a strong buy, with an average 1-year price target of $172.50.
• Recently, several institutional investors have increased their stakes in Dorman Products, including Wellington Management, which boosted its position by 192.9% during the 1st quarter.
• The company reported a quarterly EPS of $2.06, beating analysts' estimates and reflecting a 7.6% increase in revenue compared to the same quarter last year.

Shares of Dorman Products, Inc. (NASDAQ:DORM - Get Free Report) have been assigned an average recommendation of "Buy" from the five research firms that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $172.50.

Several equities analysts recently weighed in on the stock. 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 target price for the company. Wall Street Zen cut shares of Dorman Products from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. BMO Capital Markets began coverage on shares of Dorman Products in a report on Thursday, September 18th. They set an "outperform" rating and a $180.00 price target on the stock. Zacks Research upgraded shares of Dorman Products from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 13th. Finally, Roth Capital lifted their price objective on shares of Dorman Products to $182.00 and gave the company a "buy" rating in a report on Tuesday, August 26th.

Insider Buying and Selling

In other Dorman Products news, CAO Gregory C. Bowen sold 1,453 shares of Dorman Products stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $162.81, for a total transaction of $236,562.93. Following the completion of the sale, the chief accounting officer directly owned 4,659 shares in the company, valued at approximately $758,531.79. The trade was a 23.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Donna M. Long sold 820 shares of the 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 sale, the senior vice president directly owned 19,074 shares in the company, valued at $2,331,033.54. This trade represents a 4.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Dorman Products

Institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. increased its stake in Dorman Products by 1,147.5% during the 2nd quarter. Osaic Holdings Inc. now owns 5,726 shares of the auto parts company's stock worth $691,000 after buying an additional 5,267 shares during the period. Orion Porfolio Solutions LLC lifted its position in shares of Dorman Products by 0.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 23,673 shares of the auto parts company's stock worth $2,904,000 after buying an additional 195 shares during the last quarter. Newbridge Financial Services Group Inc. raised its position in Dorman Products by 30.5% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 428 shares of the auto parts company's stock valued at $53,000 after purchasing an additional 100 shares during the last quarter. Public Sector Pension Investment Board grew its stake in shares of Dorman Products by 5.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 102,176 shares of the auto parts company's stock worth $12,534,000 after purchasing an additional 4,975 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in Dorman Products in the 2nd quarter valued at about $159,000. 84.70% of the stock is currently owned by institutional investors and hedge funds.

Dorman Products Stock Performance

DORM traded up $0.78 during trading on Friday, hitting $157.33. The company's stock had a trading volume of 23,472 shares, compared to its average volume of 213,502. The company has a quick ratio of 1.21, a current ratio of 2.74 and a debt-to-equity ratio of 0.31. Dorman Products has a one year low of $106.95 and a one year high of $166.89. The firm has a market cap of $4.80 billion, a PE ratio of 21.35 and a beta of 0.81. The business's 50 day simple moving average is $145.81 and its 200-day simple moving average is $130.63.

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

About Dorman Products

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.