Dorman Products (NASDAQ:DORM - Get Free Report)'s stock had its "outperform" rating reissued by equities researchers at Barrington Research in a note issued to investors on Monday,Benzinga reports. They currently have a $150.00 target price on the auto parts company's stock. Barrington Research's price target would indicate a potential upside of 32.56% from the company's previous close.
A number of other research analysts have also weighed in on the stock. Wall Street Zen lowered shares of Dorman Products from a "buy" rating to a "hold" rating in a research note on Saturday, February 28th. Jefferies Financial Group upgraded Dorman Products from a "hold" rating to a "buy" rating and dropped their price target for the company from $159.00 to $140.00 in a research report on Monday, March 2nd. Zacks Research cut Dorman Products from a "hold" rating to a "strong sell" rating in a report on Tuesday, March 3rd. Weiss Ratings downgraded Dorman Products from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, January 30th. Finally, Wells Fargo & Company dropped their target price on Dorman Products from $150.00 to $140.00 and set an "overweight" rating for the company in a report on Friday, February 27th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $157.00.
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Dorman Products Price Performance
Dorman Products stock opened at $113.16 on Monday. The company has a fifty day simple moving average of $108.90 and a 200-day simple moving average of $122.90. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 16.87 and a beta of 0.97. The company has a quick ratio of 1.14, a current ratio of 3.09 and a debt-to-equity ratio of 0.27. 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 results on Wednesday, February 25th. The auto parts company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.02. The firm had revenue of $537.93 million for the quarter, compared to the consensus estimate of $573.38 million. Dorman Products had a net margin of 9.59% and a return on equity of 19.15%. The company's revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the firm posted $2.20 earnings per share. Dorman Products has set its FY 2026 guidance at 8.100-8.50 EPS. On average, equities analysts anticipate that Dorman Products will post 8.2 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, SVP Donna M. Long sold 947 shares of the company's stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $103.07, for a total transaction of $97,607.29. Following the sale, the senior vice president directly owned 20,073 shares of the company's stock, valued at $2,068,924.11. This represents a 4.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.70% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Dorman Products
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Salomon & Ludwin LLC acquired a new stake in Dorman Products during the 3rd quarter worth $29,000. EverSource Wealth Advisors LLC lifted its position in Dorman Products by 594.1% in the second 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 period. Quent Capital LLC purchased a new stake in shares of Dorman Products during the 3rd quarter worth $38,000. Richardson Financial Services Inc. increased its stake in Dorman Products by 134.6% in the 3rd quarter. Richardson Financial Services Inc. now owns 244 shares of the auto parts company's stock valued at $38,000 after purchasing an additional 140 shares in the last quarter. Finally, McIlrath & Eck LLC grew its holdings in Dorman Products by 56.3% during the 3rd quarter. McIlrath & Eck LLC now owns 286 shares of the auto parts company's stock valued at $45,000 after buying an additional 103 shares during the last quarter. Institutional investors and hedge funds own 84.70% of the company's stock.
About Dorman Products
(
Get Free Report)
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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